Solana ecosystem DeFi protocol Kamino will airdrop its KMNO token in April

#热门标题 PA News March 7 news, according to CoinDesk reports, Solana ecological DeFi protocol Kamino plans to airdrop its KMNO tokens in April after taking a snapshot of eligible users on March 31. “The number of points you have will affect the number of tokens you earn,” Kamino contributor Thomas said during a Solana developer call. He explained that the protocol will have mechanisms in place to prevent airdrop farmers from attacking the system if they have multiple wallets. Kamino is a platform for lending and earning through various trading strategies for tokens in the Solana ecosystem. Last year, it followed the lead of Jito and Jupiter, deploying a points program to incentivize users and setting up airdrops.

According to the report, the KMNO token will serve as the project’s governance asset from the date of release, and its holders will ultimately have an impact on Kamino’s incentive plan, revenue expenditures, protocol operations, and risk management. The total supply of the token is 10 billion, 10% of which will be in circulation at the initial launch in April. Another 7% of the total supply is earmarked for “initial community distribution,” Kamino said.

Kamino plans to continue airdropping tokens in subsequent airdrop “seasons.” The second airdrop will begin in April, and another airdrop may occur later.