Solana season will return once again, very soon, and we’ve been deep-diving into Solana’s ecosystem on the hunt for the finest gems, as we do.
Killing it on all fronts, this DeFi protocol has been gaining consistent traction, and we’re here to share everything you need to know about $KMNO.
What is Kamino Finance?
Kamino Finance is an all-in-one DeFi protocol built and launched on the Solana blockchain in 2022 after receiving an estimated $6.1M in funding. Today, Kamino has almost $4B in assets under management (AUM), demonstrating the desire for this legendary dApp.
When we say Kamino is an all-in-one DeFi destination, we mean it. From lending and borrowing, swapping, trading, LPs and more. Kamino Finance is home to everything a crypto enthusiast could ever want, and it’s all decentralized.
Kamino Finance Products
Let’s break down each incredible product on Kamino:
Swap – Utilize Kamino’s DEX aggregator to find Solana’s cheapest and fastest swapping routes.
Earn (Vaults) – Deposit assets into 3rd party-created Vaults to start earning automated lending yield on your tokens. Choose Vaults dependent on your risk-to-reward tolerance.
Markets – Lend and borrow a wide variety of cryptocurrencies on the Solana blockchain, e.g. $SOL, $USDC, $USDT.
Liquidity Pools – Provide liquidity in Solana’s leading DEXs, such as Raydium and Orca, directly through Kamino Finance.
Leverage – Users can trade with leverage by going long or short on cryptos such as $SOL, $BTC, $ETH and more with no KYC required.
Governance & Staking – Stake $KMNO to earn rewards, earn boosted seasonal Kamino points and vote on governance proposals.
If all these products weren’t rewarding enough, Kamino Finance is notorious for hosting rewarding seasonal events for its most loyal users. As of now, Season 3 has concluded, and over 350M $KMNO tokens ($26M) will be airdropped to users.
Kamino Finance Seasonal Airdrops
It’s too late to participate in the Season 3 airdrop, but no worries, Season 4 is on the horizon, and very soon, they will be introducing a new approach with more rewards and product development.
With that being said, make sure to Subscribe to the AltCryptoTalk YouTube channel, where we will provide a complete airdrop tutorial for Kamino Season 4.
$KMNO is the native token of the Kamino protocol that currently serves two primary utilities: Staking and Governance. Whether you want to earn it from seasonal Kamino events or buy it on the market, $KMNO is available everywhere and positioned as a leading token in the Solana ecosystem.
Conclusion
According to CoinMarketCap, at the time of writing, $KMNO is currently trading at $0.068 with a market cap of $104.61M. Not too long ago, in December 2024, $KMNO achieved an ATH of $0.2478, but fell alongside many altcoins in the market.
Now, with Solana season brewing up, DeFi becoming the in-thing again, and Kamino‘s incredible suite of products, $KMNO could be ready to break and exceed its previous ATH.
Many things are to be taken into consideration, but looking at the TVL and AUM compared to the Market Cap, do you believe $KMNO is undervalued?
Official Kamino Finance Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
