The structural difference
With Kamino you deposit into an audited vault contract. The vault holds one shared position, rebalances it on a curator-defined strategy, and issues you a share token. Nobody touches your keys, and Kamino covers the gas for compounding.
With Smart LP Bot the position is yours. It sits in your own wallet, opened under your own address, with your own range and your own pool selection. To act on it around the clock the bot needs signing authority — so in automated mode it is custodial, and we say so on every page that matters.
| Kamino vaults | Manual LP | Smart LP Bot | |
|---|---|---|---|
| Where funds sit | Audited vault contract | Your own wallet | Your own wallet |
| Keys | You keep them | You keep them | Held encrypted for automated mode |
| Position | Shared, one strategy per vault | Yours | Yours, configured per pool |
| Pool choice | Whatever vaults exist | Any pool | You pick, several at once |
| Range width | Set by the curator | Yours | Yours, or volatility-adaptive |
| Rebalancing | The vault strategy | You, whenever you look | Checked about every 2 minutes |
| Gas | Kamino pays it | You pay it | You pay it (cents on Solana) |
| Fees | Performance fee on yield | None beyond gas | 15% of collected LP fees, or a flat subscription |
| IL hedge | No | Only if you run one yourself | Optional perp short |
| Scale | Billions in TVL | — | Small and new |
Where a personal bot wins
- You choose the pools. A vault exists or it does not. The bot runs Orca and Raydium pools side by side with a separate amount on each.
- You choose the range. Curator strategies are one-size-fits-all by design. Width is the single biggest lever on a CLMM position — see what it actually costs.
- The position is yours on-chain. It shows in your wallet as your NFT. You can close it from Orca's or Raydium's own interface without us.
- An IL hedge exists if you want it — off by default, with the backtest that argues against it published.
Fees, compared properly
Kamino charges a performance fee on yield and absorbs the gas. We charge either 15% of collected LP fees, with nothing upfront, or a flat subscription (50 USDT for 30 days or 500 USDT for 365 days), and you pay your own gas — which on Solana is fractions of a cent per rebalance, so it rarely changes the arithmetic. The real difference is not the rate, it is that a flat subscription gets cheaper as your capital grows while a performance fee does not.
Which to pick
| If you… | Choose |
|---|---|
| Will not delegate signing under any circumstance | Kamino |
| Are deploying size and want maximum battle-testing | Kamino |
| Want one deposit and nothing to configure | Kamino |
| Want full control, no fee, and will check every day | By hand — see manual LP vs a bot |
| Want your own positions in your own wallet | Smart LP Bot |
| Want to choose pools, widths and capital per pool | Smart LP Bot |
| Want Telegram control and an optional hedge | Smart LP Bot |
They are also not exclusive. Plenty of sense in parking core capital in a vault and running a bot on the part you want control over.