Educational content, not investment advice. Crypto-asset values fluctuate.
„I need liquid money and I do not want to sell my SOL. Is there another route, and how risky is it?“
Collateral logic from zero: what LTV is, how liquidation works, and why it is not a surprise but a threshold known in advance. Before connecting to any protocol — DeFi risks and approval hygiene. It ends with a real position on Kamino and a clear picture of how borrowing looks from a Lithuanian tax standpoint.
Someone who already holds SOL in their own wallet and wants to understand borrowing against collateral — not for leverage, but to keep the asset unsold.
You will be able to state your LTV and liquidation price from memory, understand why the protocol calculates more strictly than the simple formula, and know what you are actually approving and how to revoke it. You will also know when a taxable event occurs in Lithuania and when it does not.
Not for you if you do not yet hold crypto in your own wallet — take the first-purchase path first. Not for you if you want maximum leverage: this path is built around a conservative, low LTV. Not for you if you would rather not look at your position once a week. And importantly — this path does not teach what to do with the borrowed money.
Order matters — each lesson is placed so it builds on the one before it.