Kamino (KMNO)
Kamino has become one of the largest Solana dApps and offers a series of yield products involving their money market.
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Notable Governance Votes
Treasury
Token
Launch
Token Allocation
Inflation
Utility
Burns
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Built on Solana
How it works
"At the core of the Kamino protocol lies Kamino Lend which currently consists of four different markets: The 'main market', the 'JLP market', the 'Ethena market' and the 'altcoin market'. Within each of these markets, users can supply collateral and borrow against this up to a certain LTV threshold (loan-to-value).
Kamino launched 'isolated mode' in relation to borrowing assets. Up until recently, borrowing and lending on Kamino was only possible in 'cross mode' in which multiple collateral and borrowed assets are within the same position. With 'isolated mode', users can borrow just one asset against one type of collateral per position. This allows for specified risk parameters and higher LTV for certain assets.
Another core product of Kamino is the automatic looping of a borrow/lend position with up to 5x leverage. Examples of this include JitoSOL/SOL and works by using flashloans to borrow SOL against the collateral posted, e.g JitoSOL. This results in leveraged exposure to the yield of the underlying token."
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
- From a sponsored Onchain Times blog (10-2024):
"Throughout most of the year, Kamino has consistently generated ~$100k-$150k in fees daily which amounts to nearly $55m yearly."
Usage
- From a sponsored Onchain Times blog (10-2024):
"Kamino is the second largest Solana protocol with ~$2.4b in deposits and $850m borrowed on the platform which adds up to a TVL of nearly $1.6b."
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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