What is Kamino Finance (KMNO)?
Kamino Finance is a decentralized finance (DeFi) protocol operating on the Solana blockchain. It offers automated liquidity strategies and lending solutions aimed at enhancing capital efficiency and security for users. The protocol's primary products include Automated Liquidity Vaults and Kamino Lend.
The Automated Liquidity Vaults simplify the process of providing liquidity on decentralized exchanges (DEXes). Users deposit assets into these vaults, which automate operations such as asset rebalancing and fee compounding. In return, users receive kTokens—yield-bearing LP tokens that can also serve as collateral within Kamino's lending platform, K-Lend.
Kamino Lend supports both standalone borrow/lend markets and integrated products like Multiply and Long/Short Vaults. These features enable users to engage in leveraged strategies, expanding the platform's utility.
The KMNO token is central to Kamino Finance's ecosystem. It provides utilities such as staking and governance functions. KMNO holders can stake their tokens directly on Kamino to earn additional rewards. If a governance system is established, KMNO tokens will be instrumental in voting on decisions related to user rewards, protocol grants, revenue distribution, and risk management.
As of now, the circulating supply of KMNO is approximately 1.4 billion tokens, with a maximum supply capped at 10 billion tokens.
KMNO is listed on Binance for trade and purchase. The current price of KMNO is available and updated in real-time on Binance.
