Kamino

Kamino is a decentralized finance application built on the Solana blockchain that combines lending, borrowing, liquidity provision, and leveraged positions into a single protocol. It was originally built to simplify the process of providing concentrated liquidity on Solana through automated, self-compounding strategies, and has since expanded into a broader suite of DeFi tools. Its native token is KMNO, and the protocol is aimed at users who want to participate in on-chain financial activities without managing multiple separate platforms.

Kamino operates on Solana, which handles its own consensus and settlement, so KMNO itself carries no consensus role. Within the protocol, KMNO functions as a governance and utility token, giving holders a stake in decisions about how the platform evolves. The protocol's liquidity strategies automatically reinvest earned fees back into positions, reducing the manual overhead normally required for concentrated liquidity management.

The data stored for Kamino does not include a direct fee revenue figure, so fee-based measures such as a price-to-fees ratio are not available on this page. In practice, protocols like Kamino typically generate revenue from interest spreads on lending markets and from performance fees on automated liquidity strategies, but those figures are not captured in the current dataset. What is recorded is that roughly 57.66 percent of the 10 billion maximum token supply is currently in circulation, and the ratio of fully diluted value to market capitalization stands at 1.734 at this point in time, reflecting that a meaningful share of tokens has yet to enter circulation.