diff --git a/entities/internet-finance/kamino.md b/entities/internet-finance/kamino.md new file mode 100644 index 00000000..d9317a88 --- /dev/null +++ b/entities/internet-finance/kamino.md @@ -0,0 +1,24 @@ +--- +type: entity +entity_type: company +name: "Kamino" +domain: internet-finance +status: active +key_metrics: + xsol_sol_liquidity_share: ">95%" + vault_management: "automated rebalancing for concentrated liquidity" +tracked_by: rio +created: 2026-03-11 +--- + +# Kamino + +Kamino is a Solana DeFi protocol specializing in automated liquidity management for concentrated liquidity AMMs. The platform manages over 95% of xSOL-SOL liquidity on Solana AMMs through automated vault strategies that rebalance positions, demonstrating strong product-market fit for LST liquidity provision. + +## Timeline +- **2025-03-05** — Sanctum proposes using Kamino vaults for INF-SOL liquidity incentives, citing Kamino's dominance in xSOL-SOL liquidity management +- **2025-03-08** — Sanctum proposal passes, authorizing Kamino team to manage up to 2.5M CLOUD in incentives with dynamic rate adjustment to maintain 15% APY target + +## Relationship to KB +- [[sanctum-incentivise-inf-sol-liquidity]] - liquidity management partner +- Demonstrates automated vault management as the preferred model for LST liquidity (users unwilling to provide liquidity without third-party management) diff --git a/entities/internet-finance/sanctum-incentivise-inf-sol-liquidity.md b/entities/internet-finance/sanctum-incentivise-inf-sol-liquidity.md new file mode 100644 index 00000000..4a045f0a --- /dev/null +++ b/entities/internet-finance/sanctum-incentivise-inf-sol-liquidity.md @@ -0,0 +1,47 @@ +--- +type: entity +entity_type: decision_market +name: "Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?" +domain: internet-finance +status: passed +parent_entity: "[[sanctum]]" +platform: "futardio" +proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2" +proposal_url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q" +proposal_date: 2025-03-05 +resolution_date: 2025-03-08 +category: "treasury" +summary: "Deploy up to 2.5M CLOUD tokens to incentivize INF-SOL liquidity via Kamino vaults with 20% initial APY transitioning to 15%" +tracked_by: rio +created: 2026-03-11 +--- + +# Sanctum: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults? + +## Summary +Proposal to deploy up to 2.5M CLOUD tokens as liquidity mining incentives for INF-SOL Kamino vaults, offering 20% APY for the first month then 15% thereafter, to deepen native SOL liquidity for INF. The proposal addresses insufficient liquidity depth for large depositors and positions INF as a liquidity nexus for Solana LSTs. + +## Market Data +- **Outcome:** Passed +- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 +- **Platform:** Futardio (Autocrat v0.3) +- **Duration:** 2025-03-05 to 2025-03-08 +- **Target TVL:** $2.5M cap +- **Expected Duration:** 6+ months at target TVL + +## Mechanism Design +The proposal uses dynamic incentive adjustment where Kamino team controls emission rates to maintain 15% APY target as TVL and CLOUD price fluctuate. This represents a hybrid approach: futarchy determines whether to allocate treasury resources, but operational execution (rate adjustments) is delegated to Kamino rather than governed by additional markets. + +## Context +- INF outperforms mSOL and jitoSOL historically but lacks liquidity depth +- 95%+ of xSOL-SOL AMM liquidity comes from Kamino managed vaults +- INF-SOL Kamino vault has outperformed 100% INF HODL due to high capital velocity +- Industry standard for LP incentives is 15% combined APY + +## Significance +Demonstrates futarchy application to treasury-funded growth initiatives where the proposal is economically straightforward (proven incentive model, clear problem, established partner). Low trading volume suggests market viewed this as obviously beneficial rather than requiring price discovery. + +## Relationship to KB +- [[sanctum]] - treasury allocation decision +- [[MetaDAOs-Autocrat-program-implements-futarchy-through-conditional-token-markets-where-proposals-create-parallel-pass-and-fail-universes-settled-by-time-weighted-average-price-over-a-three-day-window]] - mechanism used +- [[MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions]] - exemplifies pattern diff --git a/inbox/archive/2025-03-05-futardio-proposal-should-sanctum-use-up-to-25m-cloud-to-incentivise-inf-sol-li.md b/inbox/archive/2025-03-05-futardio-proposal-should-sanctum-use-up-to-25m-cloud-to-incentivise-inf-sol-li.md index 1279d722..fa4ae330 100644 --- a/inbox/archive/2025-03-05-futardio-proposal-should-sanctum-use-up-to-25m-cloud-to-incentivise-inf-sol-li.md +++ b/inbox/archive/2025-03-05-futardio-proposal-should-sanctum-use-up-to-25m-cloud-to-incentivise-inf-sol-li.md @@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7 date: 2025-03-05 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2026-03-11 +enrichments_applied: ["MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions.md", "MetaDAOs-Autocrat-program-implements-futarchy-through-conditional-token-markets-where-proposals-create-parallel-pass-and-fail-universes-settled-by-time-weighted-average-price-over-a-three-day-window.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Governance proposal demonstrating futarchy for treasury-funded growth initiatives. No novel claims extracted - primary value is entity data (new decision_market entity, Kamino entity creation, Sanctum timeline update) and enrichment of existing futarchy mechanism claims. The proposal exemplifies low-contestation futarchy decisions where economic logic is straightforward." --- ## Proposal Details @@ -75,3 +80,11 @@ Assuming the $2.5M TVL cap is reached, incentives should last 6 months at least. - Autocrat version: 0.3 - Completed: 2025-03-08 - Ended: 2025-03-08 + + +## Key Facts +- INF outperforms mSOL and jitoSOL historically (2025-03-05 data) +- Kamino manages >95% of xSOL-SOL AMM liquidity on Solana +- INF-SOL Kamino vault outperformed 100% INF HODL strategy due to high capital velocity +- Industry standard LP incentive rate is 15% combined APY +- Sanctum proposal 6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q used Autocrat v0.3