Latest Kamino Finance (KMNO) News Update

Deep Dive

1. @Gemini: Exchange listing fuels momentum

"Now trading on Gemini 🎉 Buy, sell, and store today"
– @Gemini (606K followers · 4.3M impressions · 2025-10-16 19:45 UTC)
View original post
What this means: Bullish for KMNO liquidity as Gemini’s institutional reach expands access. The listing coincided with KMNO’s October bounce from $0.051 to $0.071.

2. @kamino: Season 5 rewards hit $11M+

"Season 4 saw deposits grow 800% to $750M... 90M KMNO unlocks begin Nov 12"
– @kamino (158K followers · 935K impressions · 2025-11-07 17:16 UTC)
View original post
What this means: Mixed impact – while incentives drive protocol usage, $4.6M+ in monthly KMNO unlocks (at current $0.051 price) could pressure prices until July 2026.

3. CoinMarketCap Community: Traders target $0.073 resistance

"$KMNO surged 7% to $0.0664 – break above $0.069 could trigger move to June highs"
– CMC Post (8.0 quality score · 2025-06-15 21:05 UTC)
View original post
What this means: Bullish technical setup, but order book shows 68.85% sell pressure at $0.069 – a key level to watch.

Conclusion

The consensus on KMNO is mixed – bullish protocol metrics (800% deposit growth, Solana’s #1 lender) clash with token supply risks (37% circulating supply unlocked YTD). Watch the $0.069 resistance and November 12 unlock impact – if KMNO holds $0.048 support, DeFi’s shift toward real yield could renew momentum.

Deep Dive

1. Bitso Listing (9 December 2025)

Overview: KMNO was added to Bitso, a leading Latin American exchange, alongside tokens like WLFI and MASK. This integration enables seamless KMNO trading for Bitso’s 8M+ users, potentially boosting liquidity and retail adoption.
What this means: The listing is bullish for KMNO as it expands its investor base and reinforces credibility in regulated markets. However, KMNO’s price dipped 3.4% post-announcement, suggesting sell pressure from early investors.
(Bitso Blog)

2. Lending Dominance (11 December 2025)

Overview: Solana’s lending TVL hit $4.8B (+33% YoY), with Kamino controlling 75% ($3.6B). Growth is driven by stablecoin demand ($13B supply), automated yield strategies, and cross-chain infrastructure.
What this means: Kamino’s dominance underscores its role as Solana’s DeFi backbone, but concentration risk persists. A single protocol exploit could destabilize the ecosystem, though its 18 audits and zero incidents since 2022 mitigate concerns.
(Yahoo Finance)

3. Risk Disclosure Clash (8 December 2025)

Overview: Kamino blocked Jupiter Lend’s migration tool, accusing it of understating rehypothecation risks. Solana Foundation President Lily Liu urged both protocols to resolve disputes privately to avoid reputational damage.
What this means: The clash highlights DeFi’s transparency growing pains. While Kamino’s stance may bolster its risk-management reputation, prolonged public feuds could deter institutional capital seeking ecosystem stability.
(Cointribune)

Conclusion

Kamino remains pivotal to Solana’s DeFi growth but faces dual pressures: scaling responsibly amid sector dominance and navigating competitive tensions. With cross-chain integrations like PT-sUSDE via Chainlink (Kamino) advancing its reach, can Kamino balance innovation with ecosystem collaboration to sustain its lead?

Deep Dive

1. Fixed Rates & Terms (Q1 2026)

Overview: Kamino will launch fixed-rate borrowing and lending, targeting institutions and structured RWA products like tokenized bonds. Pilot partnerships include FalconX Network. This addresses volatility concerns in DeFi, offering TradFi-like predictability.
What this means: Bullish for KMNO as it could attract institutional capital and stabilize protocol revenue. Risks include adoption speed and competition from Ethereum-based RWA platforms.

2. Custodied Fund Borrowing (Live Q1 2026)

Overview: Institutions can now borrow against assets held in custody (e.g., Anchorage) without moving them off-chain, powered by Chainlink’s Proof-of-Reserve. Solana Company is an early adopter.
What this means: Neutral-to-bullish – enhances KMNO’s utility in institutional DeFi but depends on custody partnerships scaling. Regulatory scrutiny remains a hurdle.

3. BTC-Backed Institutional Loans (2026)

Overview: Kamino will bridge Bitcoin liquidity to Solana, allowing institutions to borrow against BTC via a USDC vault. This taps into Bitcoin’s $1T+ market cap for DeFi lending.
What this means: Bullish if adoption materializes, as it diversifies collateral options. Bearish if Bitcoin volatility destabilizes loan books.

4. RWA DEX (2026)

Overview: A decentralized exchange tailored for RWAs, offering customizable liquidity pools for assets like tokenized equities (e.g., SPYx, NVDAx). Built with BackedFi and Chainlink oracles.
What this means: Bullish long-term – positions Kamino as a hub for RWAs. Execution risk is high given Solana’s limited RWA traction compared to Ethereum.

Conclusion

Kamino is pivoting from retail DeFi to institutional/RWA infrastructure, leveraging Solana’s speed and Chainlink’s oracle networks. Success hinges on onboarding traditional finance players and navigating regulatory gray areas. Will KMNO’s staking utility expand alongside these institutional flows?

Deep Dive

1. Formal Verification by Osec (10 October 2025)

Overview: Osec rigorously tested Kamino Lend’s core functions (deposit, withdraw, borrow, repay) to confirm code correctness and stability. This marks Kamino’s fourth formal verification.

The six-month review validated that user positions remain safe during operations and no actions compromise system health. Combined with 18 audits and a $1.5M Immunefi bug bounty, Kamino positions itself as Solana’s safest DeFi protocol.

What this means: This is bullish for KMNO because institutional and retail users gain confidence in Kamino’s reliability, potentially attracting more deposits. Enhanced security reduces exploit risks, a critical factor in DeFi.
(Source)

2. Huma Finance Market Integration (8 August 2025)

Overview: Kamino Lend V2 introduced support for Huma’s PST tokens, which represent real-world payment receivables yielding ~10% APY.

The update lets users loop PST (lend PST, borrow USDC, redeposit for amplified yields) while earning Huma Feathers rewards. USDC lenders also earn 3x Feathers, blending TradFi cash flows with DeFi strategies.

What this means: This is bullish for KMNO because it expands Kamino’s use cases into RWA yield generation, a high-growth DeFi sector. Increased utility could drive protocol revenue and KMNO demand.
(Source)

3. Season 4 Rewards Overhaul (7 August 2025)

Overview: Kamino replaced its points system with direct KMNO rewards, distributing up to 100M tokens over three months.

Rewards lock instantly upon accrual and vest over six months, aligning user incentives with long-term protocol health. Staked KMNO boosts APY, encouraging hodling.

What this means: This is neutral for KMNO because while immediate rewards may boost deposits, the vesting mechanism could dampen short-term sell pressure. However, it risks user frustration due to reduced liquidity.
(Source)

Conclusion

Kamino’s codebase updates emphasize security hardening, RWA integration, and sustainable user incentives. These moves align with Solana’s push for institutional DeFi adoption while balancing growth and risk management. Will Kamino’s focus on verifiable safety help it outperform competitors in a cautious market?