Tom Wan: 13,300 addresses have claimed 637 million KMNO
Tom Wan, a strategy analyst at 21.co, stated on platform X that Solana's ecosystem has successfully issued the Kamino Finance token KMNO for its composable automated liquidity management protocol. Among them: ·13.3 thousand addresses have claimed 637 million KMNO; ·The average airdrop amount is 5000 KMNO (300 USD); ·375 million tokens are held in custody (accounting for 37.5% of circulating supply/58% of claim volume).
Overall, I expect this protocol to continue growing and remain one of the top three DeFi protocols on Solana for the following reasons:
1. Agile but cautious: They can support new tokens in lending or liquidity vaults. However, they also have strict risk control to avoid bad debts.
2. Partnerships: They've established strong GTM with protocols on Solana such as Jito, Phantom, Backpack, Orca. Ultimately you need a strong presence within the ecosystem to attract new users.
3. Organic growth: Their TVL is quite stable without significant drops indicating organic growth of the protocol (possibly due to Q2 farming).
4. Smart product strategy: Their products are based on whether new products can synergize with existing ones - Multiply and long-short products can be built upon K-Lend benefiting both old and new products.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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