Kamino 

KMNO Price

What is Kamino Finance (KMNO)?

Kamino is a credit protocol on Solana that combines lending, automated liquidity management and leverage in a single product suite. Kamino launched in 2022 as a concentrated-liquidity platform, added lending in 2023 and grew into the largest borrowing-and-lending protocol on Solana. Through Kamino Institutional Yield, the protocol also runs on-chain vault infrastructure for institutional credit markets, including tokenized real-world asset (RWA) exposure. KMNO is the governance token of Kamino DAO.

How does Kamino Finance work?

Kamino runs three primitives on Solana. Lending routes deposits into segregated pools, each with its own risk and yield profile. Liquidity offers one-click, auto-compounding concentrated-liquidity vaults, the product Kamino launched with in 2022. Leverage lets traders open leveraged positions directly against Kamino's lending markets. The institutional arm, Kamino Institutional Yield, connects institutional credit demand with on-chain vault infrastructure.

What is the KMNO token used for?

KMNO is the governance token of Kamino DAO. In a holder letter dated November 2, 2026, Kamino CEO Michael Weisz confirmed KMNO is the project's only token, with no equity structure: the Kamino Foundation owns the intellectual property and protocol revenue. The same letter addressed whether foundation revenue may reach KMNO holders through buybacks or distributions. Before that announcement, KMNO had no buyback or burn mechanism.

How many KMNO tokens exist and how is the max supply allocated?

Per DropsTab data, KMNO's maximum supply is capped at 10,000,000,000 KMNO. The token is a Solana SPL asset; its mint address is verifiable on Solscan. Supply is split across nine allocation buckets. Key Stakeholders & Advisors hold 35% (3.5 billion KMNO) and Core Contributors hold 20% (2 billion), a combined 55% insider allocation. Community & Grants accounts for 18.5%, Liquidity & Treasury 10% and the Genesis Allocation 7.5%.

What does the KMNO vesting schedule mean for investors?

KMNO's TGE took place on April 30, 2024, when 36% of max supply unlocked at once. The two insider buckets carry a 12-month cliff to April 30, 2025, then vest in daily linear unlocks through April 2027. Per DropsTab vesting data, Key Stakeholders & Advisors unlock roughly 4.9 million KMNO per day and Core Contributors roughly 2.74 million. This schedule keeps a sustained dilution and sell-pressure overhang on KMNO into April 2027.

Who invested in Kamino and how much did it raise?

Kamino raised approximately $18.6 million across three rounds. A roughly $10 million round announced in January 2024 included Multicoin Capital and Solana Ventures. Named backers include Delphi Ventures, ParaFi Capital, DeFiance Capital, CMS Holdings, Alliance DAO and Hivemind Capital, a mix of established digital-asset funds focused on Solana and DeFi infrastructure.

What did the Kamino airdrop distribute?

The Kamino genesis airdrop distributed 750 million KMNO, 7.5% of max supply, at TGE. Four community seasons followed: Season 2 (3.5% of supply) in August 2024, Season 3 (3.5%) in May 2025, Season 4 (1%) in November 2025 and Season 5 (1%), fully unlocked by February 2026. All five distribution seasons are complete, and no airdrop, points or quest campaign is currently running for KMNO.

Where can you buy and trade KMNO?

KMNO trades spot on Binance, Coinbase, OKX, Kraken, Bybit, Upbit, KuCoin, Gate, Bitget and MEXC, quoted against USD, USDT, USDC, EUR and KRW per DropsTab data. USDT perpetual futures trade on Binance Futures, OKX, Bybit, Bitunix, MEXC and Gate.io. On-chain, KMNO trades on the Solana decentralized exchanges Meteora and Raydium in pairs such as KMNO/SOL and KMNO/USDC. The market split is heavily CEX-weighted, so on-chain liquidity depth is thinner than centralized order books.

Does Kamino still exist?

Yes. Kamino operates as an active protocol and KMNO trades on major venues. On November 2, 2026, the Kamino Foundation committed a minimum of $20 million over 24 months to expand supported assets and tokenized lending on the protocol. Kamino's institutional credit business centers on tokenized RWA exposure through Kamino Institutional Yield, and governance remains with Kamino DAO. Verify any Kamino website address before transacting, because lookalike phishing domains appear in search results.