Put your margin account’s balances to work in Kamino, Perena and delta-neutral basis vaults.
Farm deploys tokens from your margin account into yield venues. You can farm with your own collateral or with borrowed funds (leveraged yield). Whatever you receive back, a Kamino receipt or vault shares, stays in your margin account and counts as collateral, so farming barely moves your health factor.
Farm: your farm stats, then Vaults / Positions and the Lending/Single Assets and Delta-Neutral categories.
Vaults lists everything you can farm; Positions lists what you hold. Use All Pools, search and the column filters to narrow the list.
Lending / Single Assets
Delta-Neutral
Kamino reserves (SOL, USDC, USDT) with total deposits and borrows, supply and borrow APY, utilization and your holding, then the Perena vaults (USD* and USD* Junior) with TVL, share price, APY (7D), holders and your holding.
Lending/Single Assets: Kamino reserves and Perena vaults.
Vanna’s basis vaults (SOL, ETH, BTC, TSLA and META Basis) with total deposits, capacity used, Vault APY, Funding Now, open interest and your holding.
Delta-Neutral: five basis vaults, each a spot leg plus a 1× Phoenix short.
All Transactions: your position value, receipt balance and earned yield, with Current Position and Position History tables
Analytics: charts and details for that venue
Deposit / Withdraw panel on the right. After you enter an amount, a details box shows the network, the amount, the estimated receipt you’ll get, the share price, the APY and projected monthly earnings
A farm deposit swaps one thing in your margin account (USDC, SOL…) for another of about the same value (kUSDC, USD*, vbSOL…), so total collateral stays the same. What can move it later is the receipt’s own value: a vault’s share price can rise or fall.
Leverage can get your account liquidated. Prices, borrow interest, swap slippage, perp funding and vault share prices all move your health factor, which must stay above 1.10. Only use what you can afford to lose.
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After you enter an amount, a details box shows the network, the amount, the `,_jsx(_components.strong,{children:`estimated receipt`}),` you’ll get, the share price, the APY and `,_jsx(_components.strong,{children:`projected monthly earnings`})]}),`\n`]}),`\n`,_jsx(Heading,{level:`2`,id:`why-the-health-factor-barely-moves`,children:`Why the health factor barely moves`}),`\n`,_jsx(_components.p,{children:`A farm deposit swaps one thing in your margin account (USDC, SOL…) for another of about the same value (kUSDC, USD*, vbSOL…), so total collateral stays the same. What can move it later is the receipt’s own value: a vault’s share price can rise or fall.`}),`\n`,_jsx(Warning,{children:_jsxs(_components.p,{children:[`Leverage can get your account liquidated. Prices, borrow interest, swap slippage, perp funding and vault share prices all move your health factor, which must stay `,_jsx(_components.strong,{children:`above 1.10`}),`. 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