Latest Kamino Finance (KMNO) News Update

Deep Dive

1. Season 5 Launch (7 November 2025)

Overview
Kamino launched Season 5, allocating 100M KMNO rewards over three months. New features include borrower incentives (4M KMNO/week for USDC loans against SOL collateral) and expanded vaults like the $CASH Vault. Season 4 saw TVL grow 800% to $750M, with users earning $11M in combined yield and rewards.

What this means
This is bullish for KMNO as it incentivizes borrowing and staking, likely increasing protocol activity. However, vesting periods (6 months) may temper short-term sell pressure.
(Kamino)

2. Fixed-Yield Collateral Integration (5 November 2025)

Overview
Kamino partnered with Exponent Finance to list PT-eUSX, a token offering ~17% fixed APY. Users can borrow USDC against PT-eUSX at 80% LTV, enabling leveraged yield strategies.

What this means
This expands Kamino’s real-world asset (RWA) offerings, attracting yield-seeking users. The integration could drive TVL growth but carries risks tied to USX stablecoin stability.
(Kamino)

3. Fourth Security Milestone (10 October 2025)

Overview
Kamino Lend underwent its fourth formal verification by Osec, confirming core functions operate safely. The protocol also launched a $1.5M Immunefi bug bounty, adding to its 18 audits and three-year incident-free track record.

What this means
This reinforces Kamino’s reputation as Solana’s safest DeFi lender, critical for institutional adoption. However, security overheads may slow feature rollouts.
(Crypto Times)

Conclusion

Kamino is scaling via yield innovations (Season 5, PT-eUSX) while prioritizing security—a dual strategy to attract capital and trust. However, October’s $16.3M token unlock and rising competition (e.g., Jupiter Lend) pose challenges. Will KMNO’s staking rewards offset dilution risks as vesting begins?

Deep Dive

1. @kamino: Season 5 Borrow Incentives Launch

"Borrowers now earn KMNO rewards – 4M weekly for USDC loans against SOL"
– @kamino (158K followers · 12.4K impressions · 2025-11-07 17:16 UTC)
View original post
What this means: Bullish for KMNO utility as borrowing demand could rise, though new token unlocks (90M KMNO vesting from Season 4 starting Nov 12) may pressure prices.

2. @Gemini: KMNO Trading Goes Live

"Now trading on Gemini 🎉 Buy, sell, and store today"
– @Gemini (606K followers · 8.2K impressions · 2025-10-16 19:45 UTC)
View original post
What this means: Neutral short-term – exchange listings improve liquidity but coincided with KMNO’s -7.3% weekly drop, suggesting sell-the-news behavior.

3. CoinMarketCap Analyst: $0.069 Resistance Battle

"Break above $0.069 with volume could retest $0.073 highs" (source)
– CMC Community Post (8.0 quality score · 2025-06-15 21:05 UTC)
What this means: Mixed – order book shows 68.85% sell pressure at current levels, requiring sustained buying to overcome resistance.

4. Security Milestone: 18 Audits Completed

"0 exploits since 2022 launch" (Kamino Finance)
– @KaminoFinance (158K followers · 9.1K impressions · 2025-08-10 16:27 UTC)
What this means: Structurally bullish – enhances institutional appeal but hasn’t halted the -55.84% yearly price decline, highlighting macro > micro drivers.

Conclusion

The consensus on KMNO is mixed – strong protocol fundamentals (TVL growth, security) clash with bearish tokenomics (unlocks, altcoin weakness). While technical traders see rebound potential to $0.07–$0.073, the 6-month vesting cliff starting November 12 could test buyer resolve. Watch the BTC dominance trend (59.32%) – a reversal below 58% might reignite altcoin demand and KMNO’s DeFi narrative.

Deep Dive

1. Season 5 Incentives (12 Nov 2025)

Overview:
Season 5 launched on 7 November 2025, introducing borrow incentives for the first time and expanding rewards to new vaults like $CASH (1.68M KMNO/week) and USDC Prime (300K KMNO/week). Borrowers of USDC against SOL/cbBTC collateral earn 4M/500K KMNO weekly. Vesting for Season 4’s 90M KMNO rewards begins on 12 November, unlocking over six months.

What this means:
Bullish for KMNO demand as borrowing activity could rise, but bearish dilution risks persist with ~3.5% of supply distributed quarterly. Metrics to watch: borrowing volumes and KMNO staking rates (44% of supply staked as of Season 3).

2. RWA Expansion (Q4 2025)

Overview:
Kamino plans to lead Solana’s RWA adoption, building on its July 2025 integration of tokenized stocks (SPYx, NVDAx) as collateral via Chainlink oracles. Partnerships like Huma Finance’s PST (payment stream tokens) aim to bring sustainable real-world yields.

What this means:
Bullish for TVL growth and institutional interest, but regulatory uncertainty (excluded U.S. users) may limit short-term upside.

3. Kamino Swap Enhancements (Q4 2025)

Overview:
Kamino Swap, already Solana’s leading limit-order platform, will incentivize usage via Season 5 rewards. Its meta-aggregator routes trades across DEXs for optimal pricing, with plans to expand supported assets.

What this means:
Neutral-to-bullish as swap volume growth could increase protocol fees, but competition (e.g., Jupiter) remains intense.

Conclusion

Kamino’s roadmap prioritizes liquidity incentives, RWA innovation, and swap dominance to cement its position as Solana’s DeFi hub. While token unlocks and macro risks linger, its focus on security (18 audits, zero exploits) and yield-generating products could attract sustained usage. How might Solana’s ecosystem growth amplify Kamino’s adoption in 2026?

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?