PSOL Token Now Available for Borrowing and Leverage on Kamino Finance

Phantom’s PSOL token can now be borrowed at 1.31% APY on Kamino Finance with leverage options up to 7.7x.

Summary

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Terms & Concepts
  • APY (Annual Percentage Yield): The real rate of return earned on an investment, taking into account the effect of compounding interest over a year.
  • Leverage: The use of borrowed funds to increase the potential return of an investment, which also increases potential risk.
  • PSOL: A token associated with Phantom, now integrated into Kamino Finance for borrowing and leveraged trading.