Solana

Jupiter

DeFi

April

There’s been news that a new DeFi protocol operating on the Solana blockchain, Kamino, has recently announced the schedule for its upcoming airdrop. The first airdrop will distribute seven percent of the total supply of KMNO tokens. Scheduled for April, the airdrop will occur after a snapshot is taken of eligible users on March 31st.
In parallel news, a crypto fund Pantera Capital is reportedly looking to raise additional funds. The purpose is to acquire discounted Solana (SOL) tokens from FTX which currently is a platform facing challenges, as per a report by Bloomberg on Thursday. Kamino token airdrop 
“The amount of points you have will contribute to the amount of tokens you will get,” Kamino contributor Thomas said on a monthly Solana developer call, as per reports. In order to prevent airdrop farmers from sybil attacking the system with multiple wallets, the protocol will employ mechanisms, he explained.
Kamino lets you borrow, lend and earn yield through various trading strategies on tokens in the Solana ecosystem. As Jito and <a href="https://news.todayq.com/jupiter-crypto-etp-investment-faces-legal-roadblock-in-eu/" target="_blank" rel="noopener noreferrer nofollow">Jupiter</a> did, it launched a points program to incentivize users and set up an airdrop.
On Thursday’s Zoom call, Thomas reportedly said the KMNO token will serve as a governance asset. In a tweet, Kamino said its holders will have influence over incentive programs, revenue disbursements, protocol operations, and risk management. Upon its April debut, 10% of the token’s total supply will be in circulation which is 10 billion tokens. And as per Kamino, another 7% of the total supply will go to the “initial community distribution.”
Airdrops will continue with subsequent “seasons” starting in April. Another airdrop is likely to happen later. “Season 2 will emphasize loyalty &amp; sustained usage of Kamino’s products,” a tweet said. Dealing discounted Solana 
Meanwhile, on the flip side <a href="https://news.todayq.com/big-solana-pump-coming-in-pantera-play-250m-sol-buy-plan/" target="_blank" rel="noopener noreferrer nofollow">Pantera Capital</a> is introducing the Pantera Solana Fund to potential investors. This fund aims to secure up to $250 million worth of SOL tokens at a discounted rate of 39% below the 30-day average price of $59.95. According to Bloomberg, documents sent to prospective investors last month outlined this opportunity.
Under the proposed arrangement, the acquired tokens would undergo a four-year vesting period. This initiative could enable the FTX estate to offload its SOL holdings, releasing capital for creditors. Pantera aimed to finalize the fund’s closure by the end of February and managed to raise some capital by the deadline, as reported by Bloomberg.
FTX, previously owned by <a href="https://news.todayq.com/blockfis-path-to-recovery-scores-nearly-1b-settlement-with-ftx/" target="_blank" rel="noopener noreferrer nofollow">Sam Bankman-Fried</a>, a convicted fraudster and early supporter of Solana, held a substantial amount of SOL tokens. Exchanging hands at $144.35, SOL has jumped by 3.04% in the last 24 hours as per CoinMarketCap.
Despite Bankman-Fried’s controversies, SOL emerged as one of the top-performing major tokens in 2023, boasting nearly a 600% increase in value over the past year, outpacing Bitcoin’s growth of 200%.
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Solana based DeFi token announced airdrop season 1

Todayq News

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