# Introducing: CASH Growth Initiative

**URL:** <https://gov.kamino.finance/t/introducing-cash-growth-initiative/842>\
**Category:** Governance\
**Created:** [October 2, 2025, 1:42pm UTC](https://gov.kamino.finance/t/introducing-cash-growth-initiative/842 "2025-10-02T13:42:14Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![DawidSnyders](https://yyz1.discourse-cdn.com/flex003/user_avatar/gov.kamino.finance/dawidsnyders/32/709_2.png) [@DawidSnyders](https://gov.kamino.finance/u/DawidSnyders)\
**Post date:** [October 2, 2025, 1:42pm UTC](https://gov.kamino.finance/t/introducing-cash-growth-initiative/842/1 "2025-10-02T13:42:14Z")

</div>

![cash growth initiative](https://canada1.discourse-cdn.com/flex003/uploads/kamino/original/1X/a85ab28f6c6b66bb2347b8bb15ad31b3418ede1b.jpeg)

We are kicking off the CASH Growth Initiative in collaboration with Phantom, with the goal of rapidly accelerating CASH growth on Solana. To kick off, a monthly rewards pool of up to ~$540,000 will be distributed across a range of CASH products on Kamino. Rewards will be updated at the end of the first month.

In this post we dive into:

- The CASH Launch on Solana
- How Kamino’s Product Suite Can Scale CASH
- The CASH Growth Initiative

For specifics on how rewards are structured, jump to the bottom section of this post.

## CASH Launch on Solana

Phantom [recently announced](https://x.com/phantom/status/1973035201950617617) the launch of Phantom Cash, which will introduce a brand new, consumer-focused product experience for everyday spending and money management. At the heart of Phantom Cash, powering the way money moves in the product, will be [CASH](https://x.com/useCash/status/1973035307139477561); a new, transparent, USD-pegged stablecoin.

Issued by [Bridge](https://www.bridge.xyz/) (Stripe), the initial launch of CASH will be focused on Solana—with scaling facilitated exclusively by Kamino’s suite of lending and liquidity products.

## Scaling CASH on Kamino

Kamino’s product suite is tailor-made to scale assets as fast, and securely as possible on Solana. With over $4.7B deposits and $1.5B borrows on Kamino Lend, and over $300M in Kamino’s on-chain LP vaults, there is simply no better platform to grow new assets on Solana.

CASH has now been onboarded to all 5 of Kamino’s core products:

- Kamino Lend Vaults
- Kamino Borrow Markets
- Kamino Multiply
- Kamino LP Vaults (Liquidity)
- Kamino Swap

With the CASH Growth Initiative, each of these products will play a key part in facilitating CASH adoption and utility on the platform, and ultimately in wider Solana DeFi.

Let’s dive in:

## CASH Growth Initiative

For the first month of the Growth Initiative, up to ~$540K in rewards will be distributed across CASH products on Kamino. Towards the end of the month, incentives updates for the following month will be announced.

 ![rewards summary](https://canada1.discourse-cdn.com/flex003/uploads/kamino/original/1X/45ac120884c93df90cdce4516708a5ee595d1e6e.jpeg)

> Note that borrow rewards are determined by the amount of CASH borrowed against eligible collateral assets (in this case, PSOL, USDC, and SyrupUSDC). For a deep dive on how borrow rewards are calculated, [read here](https://docs.kamino.finance/products/borrow-lend/borrowing-assets/borrow-incentives/cash-borrow-incentives).

Rewards will be distributed as follows:

1. 
### Borrow Rewards

A core aim of the Growth Initiative is to expand CASH utility, evolving it into a productive asset on Kamino. Thus, borrow rewards will be as follows:

- Borrowing CASH against USDC Collateral — $100,000 CASH p/m
- Borrowing CASH against PSOL Collateral — $50,000 CASH p/m

1. 
### Multiply/Borrow Rewards

Kamino is collaborating with Maple Finance to scale CASH borrows against SyrupUSDC. Significantly, these rewards are available via Multiply as well, where the SyrupUSDC/CASH Loop is now live. Rewards:

- Borrowing CASH against SyrupUSDC Collateral — $100,000 CASH p/m + Up to $50,000 SyrupUSDC p/m

1. 
### Liquidity Rewards

With Orca as its underlying DEX, Kamino’s CASH-USDC Liquidity Vault will enable users to provide liquidity in a single click:

- CASH-USDC Liquidity: $150,000 CASH p/m + 5,100 ORCA ($10,000 at current value)

1. 
### Lending Rewards

To fuel CASH deposits, thus enabling more liquidity for borrows, Kamino has onboarded CASH to Season 4 rewards, making it only the 5th asset to be added to Kamino Season 4.

- CASH Earn — 1,240,000 vested KMNO p/m (~$90,000 at current value)

Read More about Season 4 Rewards [here](https://gov.kamino.finance/t/introducing-kamino-season-4/823).