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Kamino Liquidity Typescript SDK

Typescript SDK to interact with the Kamino Liquidity smart contract

Installation

# npm
npm install @kamino-finance/kliquidity-sdk

# yarn
yarn add @kamino-finance/kliquidity-sdk

Basic usage

Reading data

import { clusterApiUrl, Connection, PublicKey } from '@solana/web3.js';
import { Kamino } from '@kamino-finance/kliquidity-sdk';

const connection = new Connection(clusterApiUrl('mainnet-beta'));
const kamino = new Kamino('mainnet-beta', connection);

// get all strategies supported by Kamino
const strategies = await kamino.getStrategies();

// get specific strategy
const customStrategy = await kamino.getStrategyByAddress(new PublicKey('my strategy address'));

// get strategy share price
const sharePrice = await kamino.getStrategySharePrice(new PublicKey('my strategy address'));

// get token holders of a strategy
const holders = await kamino.getStrategyHolders(usdhUsdtStrategy);

// get strategy share price
const strategyPrice = await kamino.getStrategySharePrice(usdhUsdtStrategy);

Create a Kamino strategy

Create a new Kamino strategy for an existing CLMM pool (Orca or Raydium).

Current limitations (planned to be fixed to allow anyone to use this in the near future):

  • After the strategy is created, only the global admin can update the treasury fee vault with token A/B, we need to allow non-admins to be able to do (and require) this as well.
  • Only the global admin can set the kToken (strategy shares) token metadata.
  • You can create a strategy only with the current supported tokens, please reach out if you want a new token to be supported.
import { clusterApiUrl, Connection, PublicKey, sendAndConfirmTransaction, Keypair, Transaction } from '@solana/web3.js';
import {
  Kamino,
  getAssociatedTokenAddressAndData,
  createTransactionWithExtraBudget,
  assignBlockInfoToTransaction,
} from '@kamino-finance/kliquidity-sdk';
import Decimal from 'decimal.js';

// generate a new strategy public key
const newStrategy = Keypair.generate();
// setup fee payer (wallet) that will sign the transaction and own the strategy
const signer = Keypair.fromSecretKey('your secret key here');
const owner = signer.publicKey; // or use different public key for owner (admin)

// setup Kamino SDK
const connection = new Connection(clusterApiUrl('mainnet-beta'));
const kamino = new Kamino('mainnet-beta', connection);

// depending on the DEX you want to use for your strategy (Orca or Raydium) fetch the pool
// Orca: get on-chain data for an existing Orca Whirlpool
const whirlpool = new PublicKey('5vHht2PCHKsApekfPZXyn7XthAYQbsCNiwA1VEcQmL12');
const whirlpoolState = await kamino.getWhirlpoolByAddress(whirlpool);
if (!whirlpool) {
  throw Error('Could not fetch Orca whirlpool from the chain');
}

// Raydium: get on-chain data for an existing Raydium CLMM pool
const raydiumPool = new PublicKey('3tD34VtprDSkYCnATtQLCiVgTkECU3d12KtjupeR6N2X');
const raydiumPoolState = await kamino.getWhirlpoolByAddress(raydiumPool);
if (!raydiumPool) {
  throw Error('Could not fetch Raydium CLMM pool from the chain');
}

// create a transaction that has an instruction for extra compute budget
let tx = createTransactionWithExtraBudget(owner);

// check if associated token addresses exist for token A or B
const [tokenAAta, tokenAData] = await getAssociatedTokenAddressAndData(connection, whirlpoolState.tokenAMint, owner);
const [tokenBAta, tokenBData] = await getAssociatedTokenAddressAndData(connection, whirlpoolState.tokenBMint, owner);
if (!tokenAData) {
  tx.add(createAssociatedTokenAccountInstruction(owner, tokenAAta, owner, whirlpoolState.tokenMintA));
}
if (!tokenBData) {
  tx.add(createAssociatedTokenAccountInstruction(owner, tokenBAta, owner, whirlpoolState.tokenMintB));
}

// create a rent exempt strategy account that will contain the Kamino strategy
const createStrategyAccountIx = await kamino.createStrategyAccount(owner, newStrategy.publicKey);
tx.add(createStrategyAccountIx);

// create the actual strategy with USDH as token A and USDC as token B (note: the tokens in the pool should match the tokens in the strategy)
const createStrategyIx = await kamino.createStrategy(newStrategy.publicKey, whirlpool, owner, 'USDH', 'USDC');
tx.add(createStrategyIx);

tx = await assignBlockInfoToTransaction(connection, tx, owner);

const txHash = await sendAndConfirmTransaction(connection, tx, [signer, newStrategy], {
  commitment: 'finalized',
});

console.log('transaction hash', txHash);
console.log('new strategy has been created', newStrategy.publicKey.toString());

// this will work with 'finalized' transaction commitment level,
// it might fail if you use anything other than that as the on-chain data won't be updated as quickly
// and you have to wait a bit
const strategy = await kamino.getStrategyByAddress(newStrategy.publicKey);
console.log(strategy?.toJSON());

Withdraw shares

Withdraw x amount of strategy shares from a specific shareholder (wallet), example code:

import { clusterApiUrl, Connection, PublicKey, sendAndConfirmTransaction, Keypair, Transaction } from '@solana/web3.js';
import {
  Kamino,
  getAssociatedTokenAddressAndData,
  createTransactionWithExtraBudget,
  getCreateAssociatedTokenAccountInstructionsIfNotExist,
  assignBlockInfoToTransaction,
} from '@kamino-finance/kliquidity-sdk';
import Decimal from 'decimal.js';

// setup Kamino SDK
const strategyPubkey = new PublicKey('2H4xebnp2M9JYgPPfUw58uUQahWF8f1YTNxwwtmdqVYV'); // you may also fetch strategies from hubble config
const owner = new PublicKey('HrwbdQYwSnAyVpVHuGQ661HiNbWmGjDp5DdDR9YMw7Bu'); // wallet with shares
const connection = new Connection(clusterApiUrl('mainnet-beta'));
const kamino = new Kamino('mainnet-beta', connection);
// setup fee payer (wallet) that will sign the transaction
const signer = Keypair.generate();

// get on-chain data for a Kamino strategy
const strategy = await kamino.getStrategyByAddress(strategyPubkey);
if (!strategy) {
  throw Error('Could not fetch strategy from the chain');
}
const strategyWithAddress = { strategy, address: strategyPubkey };

// check if associated token addresses exist for token A, B and shares
const [sharesAta, sharesMintData] = await getAssociatedTokenAddressAndData(connection, strategy.sharesMint, owner);
const [tokenAAta, tokenAData] = await getAssociatedTokenAddressAndData(connection, strategy.tokenAMint, owner);
const [tokenBAta, tokenBData] = await getAssociatedTokenAddressAndData(connection, strategy.tokenBMint, owner);

// create a transaction that has an instruction for extra compute budget (withdraw operation needs this),
let tx = createTransactionWithExtraBudget(owner);

// add creation of associated token addresses to the transaction instructions if they don't exist
const ataInstructions = await kamino.getCreateAssociatedTokenAccountInstructionsIfNotExist(
  owner,
  strategyWithAddress,
  tokenAData,
  tokenAAta,
  tokenBData,
  tokenBAta,
  sharesMintData,
  sharesAta
);
if (ataInstructions.length > 0) {
  tx.add(...ataInstructions);
}

// specify amount of shares to withdraw, e.g. to withdraw 5 shares:
const withdrawIx = await kamino.withdrawShares(strategyWithAddress, new Decimal(5), owner);
tx.add(withdrawIx);
// assign block hash, block height and fee payer to the transaction
tx = await assignBlockInfoToTransaction(connection, tx, signer.publicKey);

const txHash = await sendAndConfirmTransaction(connection, tx, [signer], {
  commitment: 'confirmed',
});

Withdraw all strategy shares from a specific shareholder (wallet), example code:

import { clusterApiUrl, Connection, PublicKey, sendAndConfirmTransaction, Keypair, Transaction } from '@solana/web3.js';
import {
  Kamino,
  getAssociatedTokenAddressAndData,
  createTransactionWithExtraBudget,
  getCreateAssociatedTokenAccountInstructionsIfNotExist,
  assignBlockInfoToTransaction,
} from '@kamino-finance/kliquidity-sdk';
import Decimal from 'decimal.js';

// setup Kamino SDK
const strategyPubkey = new PublicKey('2H4xebnp2M9JYgPPfUw58uUQahWF8f1YTNxwwtmdqVYV'); // you may also fetch strategies from hubble config
const owner = new PublicKey('HrwbdQYwSnAyVpVHuGQ661HiNbWmGjDp5DdDR9YMw7Bu'); // wallet to deposit shares into
const connection = new Connection(clusterApiUrl('mainnet-beta'));
const kamino = new Kamino('mainnet-beta', connection);
// setup fee payer (wallet) that will sign the transaction
const signer = Keypair.generate();

// get on-chain data for a Kamino strategy
const strategy = await kamino.getStrategyByAddress(strategyPubkey);
if (!strategy) {
  throw Error('Could not fetch strategy from the chain');
}
const strategyWithAddress = { strategy, address: strategyPubkey };

// check if associated token addresses exist for token A, B and shares
const [sharesAta, sharesMintData] = await getAssociatedTokenAddressAndData(connection, strategy.sharesMint, owner);
const [tokenAAta, tokenAData] = await getAssociatedTokenAddressAndData(connection, strategy.tokenAMint, owner);
const [tokenBAta, tokenBData] = await getAssociatedTokenAddressAndData(connection, strategy.tokenBMint, owner);

// create a transaction that has an instruction for extra compute budget (withdraw operation needs this),
let tx = createTransactionWithExtraBudget(owner);

// add creation of associated token addresses to the transaction instructions if they don't exist
const ataInstructions = await kamino.getCreateAssociatedTokenAccountInstructionsIfNotExist(
  owner,
  strategyWithAddress,
  tokenAData,
  tokenAAta,
  tokenBData,
  tokenBAta,
  sharesMintData,
  sharesAta
);
if (ataInstructions.length > 0) {
  tx.add(...ataInstructions);
}

// withdraw all strategy shares from the wallet:
const withdrawIxns = await kamino.withdrawAllShares(strategyWithAddress, owner);
if (withdrawIxns) {
  tx.add(...withdrawIxns);
} else {
  console.log('Wallet balance is 0 shares, cant withdraw any');
  return;
}

// assign block hash, block height and fee payer to the transaction
tx = await assignBlockInfoToTransaction(connection, tx, signer.publicKey);

const txHash = await sendAndConfirmTransaction(connection, tx, [signer], {
  commitment: 'confirmed',
});

Deposit shares

Deposit custom amount of token A and B for a specific strategy, example code:

import { clusterApiUrl, Connection, PublicKey, sendAndConfirmTransaction, Keypair, Transaction } from '@solana/web3.js';
import {
  Kamino,
  getAssociatedTokenAddressAndData,
  createTransactionWithExtraBudget,
  getCreateAssociatedTokenAccountInstructionsIfNotExist,
  assignBlockInfoToTransaction,
} from '@kamino-finance/kliquidity-sdk';
import Decimal from 'decimal.js';

// setup Kamino SDK
const strategyPubkey = new PublicKey('2H4xebnp2M9JYgPPfUw58uUQahWF8f1YTNxwwtmdqVYV'); // you may also fetch strategies from hubble config
const owner = new PublicKey('HrwbdQYwSnAyVpVHuGQ661HiNbWmGjDp5DdDR9YMw7Bu'); // wallet with shares
const connection = new Connection(clusterApiUrl('mainnet-beta'));
const kamino = new Kamino('mainnet-beta', connection);
// setup fee payer (wallet) that will sign the transaction
const signer = Keypair.generate();

// get on-chain data for a Kamino strategy
const strategy = await kamino.getStrategyByAddress(strategyPubkey);
if (!strategy) {
  throw Error('Could not fetch strategy from the chain');
}
const strategyWithAddress = { strategy, address: strategyPubkey };

// check if associated token addresses exist for token A, B and shares
const [sharesAta, sharesMintData] = await getAssociatedTokenAddressAndData(connection, strategy.sharesMint, owner);
const [tokenAAta, tokenAData] = await getAssociatedTokenAddressAndData(connection, strategy.tokenAMint, owner);
const [tokenBAta, tokenBData] = await getAssociatedTokenAddressAndData(connection, strategy.tokenBMint, owner);

// create a transaction that has an instruction for extra compute budget (deposit operation needs this),
let tx = createTransactionWithExtraBudget(owner);

// add creation of associated token addresses to the transaction instructions if they don't exist
const ataInstructions = await kamino.getCreateAssociatedTokenAccountInstructionsIfNotExist(
  owner,
  strategyWithAddress,
  tokenAData,
  tokenAAta,
  tokenBData,
  tokenBAta,
  sharesMintData,
  sharesAta
);
if (ataInstructions.length > 0) {
  tx.add(...ataInstructions);
}

// specify amount of token A and B to deposit, e.g. to deposit 5 USDH and 5 USDC:
const depositIx = await kamino.deposit(strategyWithAddress, new Decimal(5), new Decimal(5), owner);
tx.add(depositIx);

// assign block hash, block height and fee payer to the transaction
tx = await assignBlockInfoToTransaction(connection, tx, signer.publicKey);

const txHash = await sendAndConfirmTransaction(connection, tx, [signer], {
  commitment: 'confirmed',
});

Collect strategy fees and rewards

Collect strategy fees from the treasury fee vaults and rewards from the reward vaults:

import { clusterApiUrl, Connection, PublicKey, sendAndConfirmTransaction, Keypair, Transaction } from '@solana/web3.js';
import { Kamino, createTransactionWithExtraBudget, assignBlockInfoToTransaction } from '@kamino-finance/kliquidity-sdk';
import Decimal from 'decimal.js';

// setup Kamino SDK
const strategyPubkey = new PublicKey('2H4xebnp2M9JYgPPfUw58uUQahWF8f1YTNxwwtmdqVYV'); // you may also fetch strategies from hubble config
const owner = new PublicKey('HrwbdQYwSnAyVpVHuGQ661HiNbWmGjDp5DdDR9YMw7Bu'); // strategy owner
const connection = new Connection(clusterApiUrl('mainnet-beta'));
const kamino = new Kamino('mainnet-beta', connection);
// setup fee payer (wallet) that will sign the transaction
const signer = Keypair.generate();

// create a transaction that has an instruction for extra compute budget
let tx = createTransactionWithExtraBudget(owner);

// get on-chain data for a Kamino strategy
const strategy = await kamino.getStrategyByAddress(strategyPubkey);
if (!strategy) {
  throw Error('Could not fetch strategy from the chain');
}
const strategyWithAddress = { strategy, address: strategyPubkey };

// create collect fee/rewards instructions
const collectIx = await kamino.collectFeesAndRewards(strategyWithAddress);

tx.add(collectIx);

// assign block hash, block height and fee payer to the transaction
tx = await assignBlockInfoToTransaction(connection, tx, signer.publicKey);

const txHash = await sendAndConfirmTransaction(connection, tx, [signer], {
  commitment: 'confirmed',
});

Rebalance strategy

import { clusterApiUrl, Connection, PublicKey, sendAndConfirmTransaction, Keypair, Transaction } from '@solana/web3.js';
import { Kamino, createTransactionWithExtraBudget, assignBlockInfoToTransaction } from '@kamino-finance/kliquidity-sdk';
import Decimal from 'decimal.js';

// setup Kamino SDK
const strategyPubkey = new PublicKey('2H4xebnp2M9JYgPPfUw58uUQahWF8f1YTNxwwtmdqVYV'); // you may also fetch strategies from hubble config
const owner = new PublicKey('HrwbdQYwSnAyVpVHuGQ661HiNbWmGjDp5DdDR9YMw7Bu'); // strategy owner
const connection = new Connection(clusterApiUrl('mainnet-beta'));
const kamino = new Kamino('mainnet-beta', connection);
// setup fee payer (wallet) that will sign the transaction
const signer = Keypair.generate();
// setup new position mint
const newPosition = Keypair.generate();

// create a transaction that has an instruction for extra compute budget
let tx = createTransactionWithExtraBudget(owner);

// rebalance a USDH-USDC strategy to range 0.9 - 1.1
const rebalanceInstructions = await kamino.rebalance(
  strategy,
  newPosition.publicKey,
  new Decimal(0.9),
  new Decimal(1.1),
  signer.publicKey
);

for (const rebalanceInstruction of rebalanceInstructions) {
  let tx = new Transaction();
  // assign block hash, block height and fee payer to the transaction
  tx = await assignBlockInfoToTransaction(connection, tx, owner);
  const txHash = await sendAndConfirmTransaction(connection, tx, [signer, newPosition], {
    commitment: 'finalized',
  });
  console.log('transaction hash', txHash);
}

Get all strategies with filters

  • The current filters that are supported are:

    • strategyType which can be:

      • NON_PEGGED: e.g. SOL-BONK
      • PEGGED: e.g. BSOL-JitoSOL
      • STABLE: e.g. USDH-USDC

    • strategyCreationStatus which can be:

      • IGNORED
      • SHADOW
      • LIVE
      • DEPRECATED
      • STAGING
import { clusterApiUrl, Connection, PublicKey, sendAndConfirmTransaction, Keypair, Transaction } from '@solana/web3.js';
import {
  Kamino,
  createTransactionWithExtraBudget,
  assignBlockInfoToTransaction,
  StrategiesFilters
} from '@kamino-finance/kliquidity-sdk';
import Decimal from 'decimal.js';

// create a Kamino instance
const kamino = new Kamino('mainnet-beta', connection);

// get all Kamino strategies that are non_pegged
let filters: StrategiesFilters = {
      strategyType: 'NON_PEGGED',
      strategyCreationStatus: undefined,
    };

let nonPeggedStrats = await kamino.getAllStrategiesWithFilters(filters);

FAQ

Codegen

  • Copy the new idl from the kamino-liquidity program to src/kamino-client/idl.json
  • yarn codegen:kliquidity

Setup localnet

  • Ensure deps contains the correct .so you want to test against. Either build it from the main repo or dump it from mainnet
  • yarn start-validator

Run tests

  • yarn start-validator-and-test
  • Or, if the local validator is already running, yarn test

Sync with smart contracts

  • Copy the program .so, idl and codegen
$ yarn
solana program dump 6LtLpnUFNByNXLyCoK9wA2MykKAmQNZKBdY8s47dehDc -u m deps/kamino.so
$ yarn codegen

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Kamino Liquidity program Typescript sdk

app.kamino.finance

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