Kamino Finance Token (symbol KMNO) is a token used in a DeFi protocol on the Solana network that focuses on empowering users to:
Providing and managing liquidity automatically.
Lending and borrowing.
Using leveraged liquidity.
Supporting advanced financial products within the platform such as yield vaults and loans using collateral.
---
⚙️ Functional Uses of KMNO
1. Governance
KMNO holders have the right to vote on platform decisions such as user reward allocation or protocol updates.
2. Securing and Activating the System
Users can stake their tokens for a points boost, which increases with gradual locking and extends internal incentives under the staking system.
3. Stimulating usage within the platform
Part of the rewards comes from providing liquidity, using vaults, or the K-Lend platform; which increases user flows and enhances activity within Kamino.