Kamino is the most recent Solana-based DeFi protocol to set an airdrop date.
Seven p.c of KMNO’s whole provide is meant for the primary airdrop.
Solana-based DeFi protocol Kamino plans to broadcast its KMNO token in April after taking a snapshot of eligible customers on March 31.
“The variety of factors you will have will contribute to the variety of tokens you get,” stated Thomas, a Kamino worker, at a month-to-month Solana developer name, explaining that the protocol will use mechanisms to stop airdrop farmers from attacking the system with a number of wallets.
Kamino is a platform for borrowing, lending and incomes returns by way of varied buying and selling methods on tokens within the Solana ecosystem. Final 12 months it applied a factors program to incentivize customers and arrange an airdrop, following the instance of Jito and Jupiter.
The KMNO token will function a governance asset from launch day, Thomas stated in the course of the Zoom name on Thursday. Its holders will in the end affect Kamino’s incentive applications, earnings payouts, protocol operations and threat administration, in keeping with a tweet from Kamino.
The token can have a complete provide of 10 billion, of which 10% might be in circulation upon its debut in April. One other 7% of the entire provide is meant for ‘preliminary neighborhood distribution’, in keeping with Kamino.
Kamino plans to proceed airdropping tokens with subsequent airdrop seasons. The second begins in April and can doubtless happen at a later date. “Season 2 will emphasize loyalty and sustainable use of Kamino merchandise,” stated a tweet.