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Price
0.04049183 USD
% Change
10.84%
Market Cap
153M USD
Volume
17.2M USD
Circulating Supply
3.79B
Kamino Remove Utilization Caps
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
Kamino
@KaminoFinance
@KaminoFinance
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⤵️
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
@
@
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:
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
74.05%
Now (Added 1 year ago)
The event is about to begin
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Jan 6 22:31 (UTC)
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