Interest Rate Swaps · Solanav0.1

Lock your yield.
Trade the rest.

On-chain interest rate swaps built for Solana speed. Lock in a fixed rate against any major lending protocol, or provide liquidity and earn the spread on 100% deployed capital.

Launch App →
Colosseum2026·Built onSolana·Integrated withKamino
KAMINO USDC · 30DLive
12%8%4%ANEMONE FIXED 8.20%
Variable
—
Fixed
—
Spread
—
Connect to RPC to see live rates

Supported protocols

Start with Kamino on devnet — Solend, MarginFi, and Drift rolling out next.

Kamino K-Lend
USDC · 30-day tenor
LIVE
—
Variable APY
Open Swap →
Solend
Rolling out Q3 2026
SOON
—
Rolling out
MarginFi
Rolling out Q3 2026
SOON
—
Rolling out
Drift
Rolling out Q3 2026
SOON
—
Rolling out
More protocols added based on community demand — suggest one on Discord.
—
Protocol TVL
—
Open Notional
—
Avg LP APY
$3.6B
Solana Lending TVL
the addressable rate market
The Problem

DeFi lending rates are unpredictable. You have no way to hedge.

14%8%2%ANEMONE FIXED
Solana lending rates routinely swing from 12% to 3% within a week. A $100K position can lose hundreds in expected monthly yield, with no recourse.
Traders had no way to lock their rate.
LPs had no way to earn on the volatility.
The Solution

Interest rate swaps. Native to Solana.

Pay Fixed

Hedge your variable yield. Pay a fixed rate, receive the floating Kamino rate. Certainty for 7, 14, or 30 days.

Receive Fixed

Speculate on falling rates. Receive fixed, pay floating. Leverage up to 10x on your rate view.

Provide Liquidity

Deposit USDC. 100% of capital is deployed to yield-bearing strategies, plus every swap spread accrues to you.

Under the Hood

No oracles. No vAMMs. Just Solana.

01 ·
LPs deposit USDC into yield-bearing strategies (100% deployed)
02 ·
Traders open swaps against the LP pool, posting margin
03 ·
Keeper reads on-chain lending rates and settles P&L daily
04 ·
At maturity, principal stays with LPs, P&L distributed
Why this only works on Solana
Daily settlement costs $0.002 per position. The same transaction on Ethereum would cost $50+.
KAMINO USDC · 30D
VAR7.42%
FIX8.36%
PAY FIXED
RECEIVE FIXED
Notional $5,000·Margin $123.29·Liq @ 11.8%

A trading surface built for rates.

Execute PayFixed or ReceiveFixed in two clicks. See your effective fixed rate, maintenance margin, and liquidation price before signing.

KAMINO BASE
6.8%
+
SWAP SPREAD
4.4%
TOTAL LP APY11.2%blended on 100% of capital

LPs earn on both sides of the book.

Base Kamino yield plus swap spreads from every position. Dynamic spread widens when demand is imbalanced — LPs are paid more when risk is higher.

PAY FIXED$5,000 · 30D · Kamino USDC
P&L+$4.18settled 23h ago
Collateral$119.77 / $123.29healthy
Next settlement18h 24mautomatic

Real-time P&L. On-chain settlement.

Every 24 hours your positions settle against the actual Kamino rate. No oracle manipulation, no off-chain dependencies, no trust.

Market Opportunity
$3.6B
Total lending TVL on Solana — every dollar of floating-rate exposure that could be hedged or traded.
Solana Lending TVL
$3.6B
Floating-Rate Exposure
~$2.8B
Hedged On-Chain
<$10M
Less than 0.4% of Solana's floating-rate lending has any hedge available. We're building the rest.
Why Anemone

Designed for what the others got wrong.

AnemoneCompetitor 1Competitor 2
Pure IR Swap
100% LP Capital Efficiency
Daily Settlement
Unified Liquidity Pool
Dynamic Spread

Stop guessing your yield.

Launch Anemone on Solana devnet.
Open the app →
Available on devnet. Mainnet coming soon.