Solana-based defi lender Kamino Finance will conduct its on-chain snapshot on March 31 ahead of a crypto airdrop for eligible early supports expected in April. At launch, 10% of Kamino’s 10 billion total supply will enter circulation.
Furthermore, its season one plan earmarked 7% of the total supply for Kamino’s Genesis community distribution. The token-sharing mechanism is linear, based on points users have accumulated over time. This means a user is entitled to 1% of the airdrop allocation if they own 1% of all points generated.
The protocol’s KMNO token unlocks governance privileges for holders, allowing users to contribute to Kamino’s future operations. According to the team, KMNO will deliver future utilities like control over incentive programs, revenue allocation, and voting for risk management strategies.
At launch, the Kamino Foundation will oversee the bulk of governance while laying the building blocks for progressive decentralization. The platform also announced a Season Two distribution roadmap emphasizing protocol participation and sustained user activity.
