Kamino Kamino KMNO
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Price
0.055643 USD
% Change
11.84%
Market Cap
115M USD
Volume
22.7M USD
Circulating Supply
2.07B
187% from all time low
345% to all time high
406% from all time low
182% to all time high
21% are in circulation
Circulating Supply
2,073,972,631.75
Max Supply
10,000,000,000

Kamino Remove Utilization Caps

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Kamino will remove utilization caps on its SOL Multiply product on January 6th lifting previous borrowing limitations. The caps were initially introduced to prevent the SOL borrow Annual Percentage Yield (APY) from exceeding Liquid Staking Token (LST) staking APYs, ensuring a predictable borrowing environment for users.

Event date: January 6, 2025 UTC
1/ On Monday, January 6th, the SOL Utilization Cap will be removed in Kamino's Main Market

This will introduce a free market environment for SOL supplies and borrows to find a natural equilibrium, and can ultimately lead to greater SOL inflows for the protocol

More info below⤵️
Kamino
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2/ With ~3.3M SOL supplied into Kamino, the protocol plays a key part in the economy of Solana

Kamino's SOL growth has largely been fuelled by the Multiply product, through which over $600M SOL is borrowed at the time of writing

However, to create a predictable borrowing environment for SOL Multiply users, Kamino introduced Utilization Caps that would limit borrowing beyond a certain utilization rate—thus preventing the SOL borrow APY from exceeding LST staking APYs

Tomorrow, these caps will be removed.

Here's why:
KMNO Price Changes After Event Publication
64.34%
Now (Added 5 months ago)
The event is about to begin
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Added by the Visitor
Jan 6 22:31 (UTC)
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