- SOL lost 21% over the month, while cash gained 2%, leaving holders with greater purchasing power for future SOL purchases.
- Kamino’s portfolio dashboard shows $2.19K in fees and interest, alongside two Multiply positions with combined profits above $2,190.
- Both Multiply positions carry LTV readings above 75%, making collateral prices and borrowing conditions important risks to monitor.
The SOL cash strategy uses decentralised finance to earn returns on idle funds while waiting for better buying opportunities. The latest portfolio figures show how this approach performed during a month of weakness.
Cash Earnings Outpace SOL’s Monthly Performance
Analyst gum on X compared SOL’s monthly decline with returns from cash held on Kamino. The post reported a 21% fall in SOL against a 2% gain from the cash position. That difference, according to the post, left the same capital able to purchase roughly 29% more SOL.
The approach keeps funds available without leaving them entirely idle. Rather than committing everything to SOL during a falling market, the strategy puts unused capital to work. This allows the holder to earn while waiting for a more attractive entry price.
The post also mentioned withdrawing approximately $2,200 from the account. The money was intended for bills and a dinner with family. This shows that the earnings were being used beyond the portfolio itself.
The screenshots provide figures from two consecutive periods. The earlier dashboard displays approximately $1.74K in fees and interest. The later image shows that figure reaching approximately $2.19K by October 30.
Two Multiply Positions Record Higher Profits
The later screenshot lists two active positions labelled AUTO/wYLDS. One displays $1,579.18 in profit, while the other records $612.51. Combined, their displayed P&L reaches approximately $2,191.69.
The earlier screenshot shows profits of $1,261.11 and $474.85. Together, those positions amounted to approximately $1,735.96. The difference between the two combined readings is about $455.73.
The portfolio chart also shows an upward movement across both periods. The earlier view covers October 18 through October 24. The later seven-day chart extends through October 30, with a late rise followed by a small retreat.
The displayed net APY figures also increased between the screenshots. The later positions show 31.23% and 29.68%, compared with 28.01% and 26.55% previously. These are dashboard readings, not guaranteed returns over future periods.
Leverage and Exchange Activity Need Close Attention
The later positions carry loan-to-value ratios of 76.56% and 75.85%. The earlier screenshot showed 76.61% and 75.00%, respectively. These readings indicate substantial borrowing against the positions’ collateral.
That borrowing brings risks beyond ordinary asset ownership. When collateral prices drop, LTV ratios could go up. Depending on platform rules, positions approaching liquidation thresholds may face forced closure.
The coinglass exchange chart shows Binance leading the left panel at $167.86 million. Gate follows with $109.32 million, while OKX records $107.90 million. Coinbase and Bitget logged $85.18M and $84.99M, respectively.
The right panel shows an alternate ranking. Coinbase leads at $742,650, followed by Binance at $478,930 and Bitstamp at $430,570. Gate has $371,570 recorded and Kraken shows up twice.
The chart does not identify the measured activity or explain its colour coding. Therefore, the red and green blocks cannot establish buying, selling or liquidation direction. These exchange figures also cannot be directly linked to Kamino’s portfolio earnings.
The screenshots only depict a short period and not actual performance during a long downturn. Actual results will depend on changing yields, borrowing costs and collateral prices. The conditions of withdrawal and liquidation also continue to be relevant in the case of leveraged DeFi positions.
