Kamino Finance is a decentralized finance (DeFi) protocol built on the Solana blockchain. It aims to be an “all-in-one DeFi hub” by offering lending, borrowing, trading and yield farming capabilities on a single platform.
What is KMNO?
KMNO is Kamino’s governance and utility token.
It is used to pay trading fees on the platform and as collateral for leveraged perpetual trading.
You can stake your KMNO to participate in the Kamino ecosystem and earn boosted Kamino Points.
Provide liquidity to KMNO pairs, receive rewards and market-making fees.
Once governance is established, KMNO will enable users to participate in protocol decision-making.
Token info & Distribution:
Genesis Date: April 30th, 2024
Community & Grants: 35% (incl. 7.5% Genesis Distribution)
Of the 1,000,000,000 initial circulating supply, 750,000,000 (7.5%) $KMNO will be distributed to Kamino users, excluding Restricted Persons, via the KMNO Genesis page.
This consists of: 700,000,000 to Season 1 participants 50,000,000 to long-term users.
KMNO is not listed yet. But KMNO price is around 0.13-0.16 USDT in some Pre-Launch markets.
$SOL
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