© 2026 Della Group. All Rights Reserved.
Okay, so most people jumping into Solana yield aggregators screw up right at the start. They chase the hottest APY they see flashing on some dashboard-30%, 50%, whatever-without checking if it's sustainable or what risks come with it. Next thing you know, impermanent loss eats their bag, or the protocol rugs, and poof, gains gone. Sound familiar? I did this once with a sketchy pool. Lost like 15% in a week.
The right way? Start small, pick battle tested aggregators, and focus on auto compounding ones that do the heavy lifting for you. Solana's fees are dirt cheap-about 0.000005 SOL per tx-so you can compound daily without bleeding cash. That's the edge over ETH. Now, let's get you set up properly.
First things first. You need a solid Solana wallet. I always go with Phantom or Solflare. Phantom's slick for quick swaps, Solflare plays nice with Ledger if you're paranoid about hardware security.
Download Phantom from the official site-not some random link. Create a new wallet, jot down that seed phrase on paper, hide it. Fund it with SOL from Binance or Coinbase. Send like 0.1 SOL first to test. Fees? Pennies.
And if you're serious, hook up a Ledger. Install the Solana app via Ledger Live, connect in Phantom's settings, confirm your address on the hardware screen. Test with 0.01 SOL. Boom, you're secure. In my experience, this saves headaches during pumps.
Why bother? Solana moves fast. One phishing site, and you're done. This way, keys stay offline.
Look, yield aggregators are like smart robots that hunt the best farms for you, auto compound rewards, and dodge the crap ones. On Solana, they're killing it because of speed and low costs. Here's my top picks for 2026. I rotate between these based on what's popping.
These aren't random. Kamino's processed billions without hacks. Jupiter routes everything on Solana-$716B volume last year alone. Pick 2-3, don't spread too thin.
Honestly, Kamino's my favorite right now. It's got lending, automated LPs, and concentrated liquidity vaults all in one. You deposit SOL or USDC, it optimizes across pools for you. APYs? 5-15% on stables, 20%+ on leveraged SOL stuff during bulls.
The thing is, it auto adjusts for risks like liquidations. No babysitting. But watch LTV-keep it under 70% or you get rekt on dips.
Potential issue: Borrowing rates spike in volatility. Solution? Monitor via their dashboard or Step Finance. I set alerts for 80% LTV.
Takes 2 minutes. I threw in 5 SOL last month-up 8% already, compounded thrice. Pretty much set it and forget it.
But Jupiter? That's for when you want trading fees without the swap hassle. It's the aggregator hub-links Raydium, Orca, all DEXes. Provide LP to high volume pairs like SOL/USDC, earn 0.3% fees per swap split.
APYs hit 10-30% with incentives. Risk? Impermanent loss if SOL moons. Stick to stables or correlated pairs. In my experience, SOL/USDC holds up fine-IL under 2% on 20% moves.
One glitch: During congestion, tx might fail. Fix? Retry with higher priority fee, like 0.0001 SOL extra.
Pair it with Raydium for the full stack. Raydium's the AMM liquidity layer, Jupiter routes on top. Holding both RAY + JUP tokens? Smart hedge.
| Aggregator | Best For | Typical APR | Fees | Risk Level |
|---|---|---|---|---|
| Kamino | Lending/Looping | 10-25% | 0.1-0.5% | Medium (LTV watch) |
| Jupiter | LP Fees | 15-35% | 0.3% swap share | Low Medium (IL) |
| Tulip | Auto Compound Vaults | 8-20% | 0.5% performance | Low |
| MarginFi | Borrowing Loops | 12-30% | 0.2% borrow | High (leverage) |
| Marinade | Liquid Staking | 6-10% + extras | None direct | Very Low |
Numbers fluctuate-check de.fi or their apps live. Kamino edges for me on liquidity depth. MarginFi if you're aggressive.
Once you're comfy, level up. Looping's huge on Solana. Deposit SOL to Kamino or MarginFi, borrow against it (say 50% LTV), redeposit the borrow. Repeat 3x. Your effective yield triples, but liquidation risk jumps.
Example: 10 SOL deposit at 10% APR. Loop twice with USDC borrow-now earning on ~25 SOL equivalent. Fees? 0.000005 SOL per loop, borrow rate ~2-5%.
Issue: SOL dumps 20%, collateral dips, boom liquidated. Solve with oracles or auto repay tools in app. I loop max 2x, rebalance daily.
Delta neutral? Deposit SOL to lend, short equivalent on Drift or Jupiter Perps. Collect lending yield + funding rates, zero price exposure. APY 5-12%, market neutral. Advanced, but stable cashflow.
What's next? Combine with Jito for MEV boosted staking. Delegate to Jito validators-6-8% base + tips.
Did this during last dip. Turned 7% into 18% net. But don't overleverage-SOL's volatile.
Before fancy stuff, stake plain SOL. 6-7% APY, liquid via Marinade's mSOL. Delegate in Phantom to a top validator-low commission, 99.9% uptime. Check stakewiz.com for picks.
Rewards auto accrue, claim anytime. Use mSOL in Kamino vaults for double dip: staking + LP yields.
Common pitfall: Picking shady validators. They slash or go offline. Stick to top 20 by stake.
Portfolio tracking's. Use Step Finance-plugs all your positions, shows total APR, unrealized P&L. Free, Solana native.
Spreadsheet time: Columns for asset, pool, entry price, current APR, exit if APR <5%. Review Sundays.
Rebalance quarterly or on 20% shifts. Harvest rewards, compound manually if auto's off. Taxes? Track every deposit/withdrawal-US folks, Koinly integrates Solscan.
In my setup: 40% Kamino vaults, 30% Jupiter LPs, 20% Marinade stake, 10% cash for dips. Yields 12-20% avg last year.
Solana's fast, but outages happen. Rare now, but if tx fails, wait it out or use priority fees.
Smart contract hacks? Stick to audited ones-Kamino, Jupiter have clean records. Diversify pools.
Impermanent loss killing you? Go single sided staking or stables. USDC/USDT pools barely move.
Overcollateralize everything. Never all in one protocol. I cap at 20% per aggregator.
Question: Feeling overwhelmed? Start with 1 SOL in Marinade. Scale as you learn.
| Loops | Effective Multiplier | Example Yield (10% base) | Liquidation Risk on 20% Drop |
|---|---|---|---|
| 0 | 1x | 10% | None |
| 1 | 1.7x | 14% net | Low |
| 2 | 2.3x | 18% net | Medium |
| 3 | 2.8x | 21% net | High |
Net after borrow costs ~4%. Push too far? Wipeout. Conservative wins long term.
Last tip. Many aggregators drop tokens. Farm Kamino or Jupiter positions-past airdrops paid 2-5x. Check their Discords for qualifiers. Low effort upside.
I usually allocate 10% to "farmy" vaults chasing points. Paid off big on JUP drop.
© 2026 Della Group. All Rights Reserved.