Solana’s DeFi ecosystem is getting major boosts, with PancakeSwap officially launching its v3 liquidity pools on the network.
At the same time, Kamino Finance has announced support for tokenized equities (xStocks), deepening Solana’s growing reputation as the infrastructure layer for “internet capital markets.”
PancakeSwap v3 Brings Capital-Efficient DeFi to Solana
PancakeSwap’s latest deployment introduces its Concentrated Liquidity Automated Market Maker (CLAMM) pool structure to Solana. It unlocks new capital-efficient trading tools, ultra-low fees, and high-yield opportunities for liquidity providers.
“PancakeSwap v3 liquidity pool is now live on Solana,” PancakeSwap shared in a post.
The launch allows traders to swap Solana-based tokens with fees as low as 0.01%. Meanwhile, liquidity providers (LPs) can earn up to 84% of the trading fees based on the liquidity they contribute.
Further, liquidity provisioning is also live for key Solana pairs such as BONK-SOL, PYUSD-USDT, and EURC-USDC.
“With Solana joining the ranks of PancakeSwap’s multi-chain ecosystem, we’re moving closer to creating a truly borderless DeFi experience,” the team stated in a blog.
They emphasized Solana’s “unmatched speed and low fees” as a key integration driver. According to the team, Solana’s active community and high on-chain volume significantly drove this initiative.
PancakeSwap v3 allows LPs to set custom price ranges for their positions, enhancing capital efficiency by reducing idle liquidity.
“By concentrating liquidity within a specific price range, LPs can boost liquidity depth and potentially earn higher returns, all without having to deploy more capital,” the blog explained.
Another key innovation is the introduction of NFT-based LP positions, where each liquidity contribution is minted as a unique non-fungible token (NFT). This structure lets users easily track, manage, or transfer their positions.
Kamino Launches xStocks for Tokenized Stock Trading on Solana
Meanwhile, Kamino Finance adds to the momentum, announcing its integration of tokenized equities dubbed xStocks into the Solana ecosystem.
Backed xStocks will be collateral within Kamino’s lending markets and can be traded on Kamino Swap. This means users can swap crypto for stocks.
Supported tokenized assets include major US equities such as Apple, Nvidia, Google, Meta, Tesla, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust.
“Via the Kamino Lend integration, users will be able to deploy their xStocks as collateral via a new xStocks Market, enabling borrows against the following assets: AAPLx NVDAx GOOGLx METAx TSLAx SPYx QQQx,” Kamino articulated.
These will be accessible via Kamino Swap, powered by Pyth Network’s Express Relay, or through centralized platforms like Kraken exchange, with users transferring them to Solana.
Notably, Kamino’s xStocks integration will exclude US users due to regulatory constraints, but it still marks a pivotal step in DeFi’s overlap with traditional finance (TradFi).
Together, these announcements reinforce Solana’s broader mission of an internet capital markets powered by its blockchain.
With capital-efficient AMMs and tokenized equity markets now live, Solana is cementing itself as a next-gen financial hub.
Solana (SOL) Price Performance. Source: BeInCrypto
However, despite these bullish fundamentals for the Solana blockchain, its powering token, SOL, is treading lower, down 0.49% in the last 24 hours. As of this writing, Solana was trading for $149.94.
