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Pat_Kras
@solofunk
The KMNO token went live last week. After a quick selloff, it has doubled off its lows. Bootstrapped by Hubble Protocol nearly two years ago, Kamino Finance has become Solana's largest protocol by DeFi TVL. A deep dive into Kamino's features and the new KMNO token 🧵
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Pat_Kras
@solofunk
Kamino's beginnings stem from Hubble Protocol, which offers two tokens on Solana: • The HBB governance token • The USDH overcollateralized synthetic dollar. While Kamino hasn't publicly announced the raising of any funds, Hubble raised over $18M across 2021 and 2022.
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Pat_Kras
@solofunk
Kamino is Solana's largest protocol by DeFi TVL by a wide margin, commanding $1.15B in assets ahead of Raydium ($613M) and MarginFi ($478M). Kamino offers four core features for users, including (i) Borrow / Lend, (ii) Liquidity, (iii) Multiply, (iv) Long / Short.
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