1/ Right now, over $20M BTC depositors are borrowing for free on Kamino In collaboration with @global_dollar, users borrowing USDG against @okx's xBTC are earning over 70,000 $USDG incentives per month Here's how to make the most of it 🧵

2/ Bullish on BTC? Via the xBTC/USDG loop, you can literally get paid to go long BTC: 1⃣ Swap for xBTC on Kamino Swap and deposit into Kamino's Main Market 2⃣ Borrow USDG 3⃣ Swap for more xBTC, deposit again 🔁 Repeat Users can get up to x3 $xBTC exposure via multiple loops

3/ Prefer to earn passive yield instead of leverage? You can deposit your borrowed $USDG into the @SteakhouseFi USDG Vault on Kamino Earn Here's a strategy overview from @cheryldchan👇 Note that Kamino's liquidation threshold for xBTC is 70% LTV. To avoid partial deleveraging, monitor your position and borrow conservatively Kamino’s system is designed to safeguard both your capital and the protocol—reducing risk early without wiping position out (Soft Liquidations Deep-Dive coming soon👀)