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+---
+type: source
+title: "Futardio: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?"
+author: "futard.io"
+url: "https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q"
+date: 2025-03-05
+domain: internet-finance
+format: data
+status: unprocessed
+tags: [futardio, metadao, futarchy, solana, governance]
+event_type: proposal
+---
+
+## Proposal Details
+- Project: Sanctum
+- Proposal: Should Sanctum use up to 2.5M CLOUD to incentivise INF-SOL liquidity via Kamino Vaults?
+- Status: Passed
+- Created: 2025-03-05
+- URL: https://www.futard.io/proposal/6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q
+- Description: INF has been one of the best SOL-based assets for a long time now. It just slightly underperforms the best available LST on the market but outperforms the two most popular LSTs on Solana, mSOL and jitoSOL.
+- Discussion: https://research.sanctum.so/t/cloud-003-should-sanctum-use-up-to-2-5m-cloud-to-incentivise-inf-sol-liquidity-via-kamino-vaults
+
+## Summary
+
+### 🎯 Key Points
+The proposal aims to incentivize INF-SOL liquidity using up to 2.5M CLOUD by offering liquidity providers a higher initial yield of 20%, transitioning to 15% thereafter, to deepen the liquidity pool via Kamino Vaults.
+
+### 📊 Impact Analysis
+#### 👥 Stakeholder Impact
+Liquidity providers (LPs) stand to benefit from enhanced yields, fostering greater participation in the INF-SOL market.
+
+#### 📈 Upside Potential
+Increasing liquidity could position INF as a leading liquidity hub for LSTs on Solana, attracting larger depositors and enhancing market stability.
+
+#### 📉 Risk Factors
+The proposal carries the risk that the necessary liquidity may not be achieved, potentially leading to underperformance compared to established alternatives.
+
+## Content
+
+![image](https://canada1.discourse-cdn.com/flex003/uploads/sanctum/optimized/1X/b71bad7de5e560a2eb822629c55defcf6295658e_2_1380x776.jpeg)
+
+INF has been one of the best SOL-based assets for a long time now. It just slightly underperforms the best available LST on the market but outperforms the two most popular LSTs on Solana, mSOL and jitoSOL.
+
+
+![image](https://canada1.discourse-cdn.com/flex003/uploads/sanctum/original/1X/0699fb891e93c88e80d9aad743ba4461c4a1723f.png)
+
+without jupSOL, outperformance is even more significant:
+
+
+![image](https://canada1.discourse-cdn.com/flex003/uploads/sanctum/original/1X/8aabfceb083b93938f965ca1f860ca33b9d4331a.png)
+
+Despite INF’s strong performance, the INF-SOL liquidity isn’t deep enough currently. This is a concern for large depositors who wish to exit INF in size. Additionally, If INF is to become the liquidity nexus of Solana for all LSTs, it will require a deep pool of SOL native liquidity. We therefore wish to grow SOL native liquidity by incentivising INF-SOL Kamino vaults.
+
+Why Kamino vaults? More than 95% of existing xSOL-SOL liquidity on AMMs comes from Kamino managed vaults which suggests that users aren’t keen to provide liquidity unless their positions are managed by a third-party, and automatically rebalanced. See for example this Orca jitoSOL-SOL liquidity diagram:
+
+
+![image](https://canada1.discourse-cdn.com/flex003/uploads/sanctum/original/1X/082472042ec958dcd4e39e75bf7b1e4bd06a092c.png)
+
+The INF-SOL Kamino vault strategy has been a great place to park your INF. In fact, the INF-SOL vault has outperformed a 100% INF HODL strategy, most likely because of the very high capital velocity (high trading volume relative to TVL).
+
+
+![image](https://canada1.discourse-cdn.com/flex003/uploads/sanctum/original/1X/85049c0b689f68c42d0e1da43c3c1ddb60946bc4.png)
+
+Source: Kamino INF-SOL vault [(Kamino | Solana Concentrated Liquidity Layer)](https://app.kamino.finance/liquidity/Eud3oi6ibDdYyE5UoeaSWH3vttsuSU4ikHc5oY2E9831)
+
+The industry standard is to offer LPs a 15% combined (fees + incentives combined) annual yield. To incentivise initial liquidity even more, we propose to offer LPs a 20% yield for the first month, then dropping to 15% henceforth. Depending on TVL increase/decrease and price of CLOUD, the Kamino team will be in charge of guaranteeing a 15% APY on up to $2.5M TVL, or until 2.5M CLOUD is exhausted, whichever comes first.
+Assuming the $2.5M TVL cap is reached, incentives should last 6 months at least.
+
+## Raw Data
+
+- Proposal account: `6mc1Fp6ds8XKA2jMzBDDhVwvY6ZCGg6SNqvHy4E6LS7Q`
+- Proposal number: 4
+- DAO account: `5n61x4BeVvvRMcYBMaorhu1MaZDViYw6HghE8gwLCvPR`
+- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
+- Autocrat version: 0.3
+- Completed: 2025-03-08
+- Ended: 2025-03-08