On August 4, Solana lending platform Kamino announced on the X platform that Kamino Season 2 has ended, and a total of 350 million KMNO (worth $13.5 million) will be distributed to Kamino users in mid-August. The relevant rewards will be fully unlocked and staked when they are collected. From the moment the S2 snapshot occurred, Season 3 is now online, and full information will be released next week. Season 3 will adjust the protocol, points, and governance mechanisms to achieve Kamino's goal of reaching $10 billion TVL.

@DefiSquared posted on X platform that the account "Kaminoteamsales (Kamino Team Sales)" ranked second on the Bybit weekly spot profit leaderboard. Bybit data shows that the account was created four days ago and has been profitable for three days, with a profit of $3.23 million and a weekly yield of 113.95%. The highest yield trading pair is KMNO/USDT.

Kamino Finance, a Solana-based composable automated liquidity management protocol, announced the KMNO token economics. The total supply of KMNO is 10 billion, with an expected initial circulating supply of 1 billion, including 750 million initially distributed to the community. The TGE date is April 30th, 2024.The KMNO token economics are as follows: Community and Grants: 35% (including 7.5% for genesis distribution); Liquidity and Treasury: 10%; Core Contributors: 20%; Key Stakeholders and Advisors: 35%.

A community contributor has stated that Kamino Finance, the fastest-growing decentralized finance protocol in the Solana ecosystem, will soon launch a points program, laying the foundation for future token airdrops. Community anonymous contributor Marky stated in Twitter Spaces, "Kamino is about to launch a points program, which is likely to become the future token." Kamino operates a treasury product aimed at maximizing profits for depositors who want to provide liquidity for various Solana-based DeFi trading platforms, and it is also building lending facilities.