Kamino
Mar 31, 2024
defi
Alive
solana
yield, optimization, lending-borrowing-protocols, decentralized-finance
Website
Kamino is a DeFi protocol offering lending, borrowing, liquidity provision, and leverage products on Solana. It uses a points-based system to determine airdrop eligibility and allocation.
Current Price
$0.01802113
Market Cap
$91685602
Circulating Supply
5087671531.75
Total Supply
9999957253.920967
FDV
$180210554
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Airdrop Details
| Information |
Details |
| Airdrop Type |
retroactive |
| Total Airdrop Amount |
Season 1: 750 million KMNO (7.5% of supply)
Season 2: 350 million KMNO (3.5% of supply) |
| Number of Eligible Users |
Not Known |
| Number of Claimants |
Not Known |
Timeline
| Event |
Date |
| Season 1 Snapshot |
March 31, 2024 |
| Season 1 Claiming Started |
April 2024 |
| Season 2 Snapshot |
July 31, 2024 |
| Season 2 Claiming Started |
August 2024 |
Token Distribution
| Distribution |
Amount |
| Maximum |
Not Known |
| Median/Average |
Not Known |
| Minimum |
Not Known |
Eligibility Criteria
- Users earned Kamino Points based on platform activity before the snapshot on March 31, 2024.
- The airdrop was proportional to a user’s total points share.
- Eligible activities:
- Lending: Depositing assets like SOL, USDC into Kamino’s lending pools.
- Borrowing: Borrowing assets against collateral.
- Liquidity Provision: Contributing to Multiply Vaults or Automated Liquidity Vaults.
- Leverage: Using Multiply or Long/Short vaults for leveraged positions.
- Boosts:
- Certain assets (e.g., SOL lending) received 5x multipliers.
- Borrowing stablecoins like USDC had additional multipliers.
- OG Allocation: An extra 50 million KMNO (0.5%) was reserved for early adopters.
- Content Creation: Users who created memes, videos, or educational content about Kamino before March 31, 2024, also earned KMNO.
Season 2
- Snapshot was taken on July 31, 2024, at midnight UTC.
- 350 million KMNO was distributed based on Kamino Points earned after Season 1 until July 31, 2024.
- Eligible activities mirrored Season 1 with an added emphasis on sustained usage and loyalty.
- Claiming process: Users connected their Solana wallets to Kamino’s airdrop claim page. Tokens were automatically staked upon claiming.
Important Links
- Kamino will continue to distribute KMNO through multiple airdrop seasons.
- The Kamino Points system is highly customizable and rewards different DeFi activities with varying rates and multipliers.
- Points are adjusted based on collateral/debt combinations and liquidity vault contributions.
- OG users (pre-Kamino Lend Beta) received 2x points for all deposits made before October 20, 2023.
- Kamino limits farming strategies that could unfairly accumulate points (e.g., LST/LST or Stable/Stable farming).
- Future seasons will have different mechanics, allocations, and durations.
