Kamino Finance Revamps Reward System Ahead of KMNO Airdrop

Kamino Finance, a Solana-based decentralized finance (DeFi) protocol, has announced significant changes to its points system just weeks before the much-anticipated airdrop of its native token, KMNO. The move is set to benefit long-term users but has left the community eager for more details.

Since its inception, Kamino has emphasized community feedback and transparency. This approach has been a cornerstone of their operations, particularly in the development of their points program and the upcoming KMNO airdrop. The recent feedback from the community highlighted a need for greater clarity, especially regarding rewards for early adopters who have weathered the bear market.

In response to this, Kamino has outlined two key updates:

  1. OG Drop: A special allocation of KMNO tokens will be airdropped to the platform’s most loyal users, referred to as ‘OGs’. This allocation is in addition to the previously announced 7% Community Allocation. Details on this are expected to be released shortly.
  2. Points Adjustment: Starting tomorrow, Kamino will implement major adjustments to its points system to limit the dilution effect caused by new inflows of capital.

Kamino’s commitment to building a robust DeFi infrastructure on Solana remains unwavering. The protocol’s total value locked (TVL) has seen a significant increase of 69% over the past five days, reaching nearly $900 million, as reported by DeFiLlama. This surge is largely attributed to traders looking to maximize their potential rewards from the upcoming airdrop.

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