Solana DeFi Giant Kamino Finance ($KMNO) Announces Airdrop Snapshot on March 31st: Your Ultimate Guide for Maximum Allocation

Kamino Finance, a dominant player in the Solana DeFi space with over $674M in TVL (Total Value Locked) across different products, has announced the launch of its governance token, $KMNO. The airdrop, dubbed the "Genesis Distribution," is set to take place in April, and eligibility will be determined at a snapshot on March 31st.

This airdrop presents a potentially lucrative opportunity for DeFi enthusiasts. Kamino's significant TVL dominance, its expanding range of products, and the clarity around the snapshot date make it a highly anticipated event. Importantly, here's what you need to know about the airdrop specifics:

• Total Supply: 10,000,000,000 $KMNO tokens
• Initial Community Distribution: 7% of the total supply
• Estimated Day 1 Circulating Supply: 10%

Understanding Kamino Points: Your Key to the Airdrop

The $KMNO airdrop will be distributed linearly based on Kamino Points accumulated during Season 1. Essentially, the more points you have, the larger your share of the airdrop. Here's how to increase your points and boost your chances of securing a sizable share of $KMNO tokens:

Basic Farming Strategies

• Lending: Supply assets to Kamino's lending platform, earning 1 point per dollar per day.
• Borrowing: Borrow assets from Kamino, also earning 1 point per dollar per day.
• Liquidity Vaults: Provide liquidity to Kamino's vaults and earn 1 point per dollar per day.

Important Note: Kamino offers a 5x points boost on lending or borrowing the following assets: SOL, USDC, USDT, BONK, WIF

Loop Your $SOL for Maximum Points

Experienced Kamino users can deploy a sophisticated strategy to minimize risk and maximize rewards using liquid staking tokens. Here's how:

1. Supply bSOL/mSOL for Rewards: You can supply either $bSOL (SolBlaze staked SOL) or $mSOL (Marinade staked SOL) directly to Kamino. This allows you to earn $BLZE or $MNDE rewards on your supplied assets.
2. Borrow JitoSOL: Carefully borrow JitoSOL against your supplied $bSOL or $mSOL collateral.
3. Swap to $bSOL/$mSOL on Jupiter: Utilize a decentralized exchange like Jupiter to swap the borrowed JitoSOL back into either $bSOL or $mSOL, depending on your initial supply.
4. Resupply and Repeat: Resupply the acquired $bSOL or $mSOL back into Kamino, increasing your lending position. You can carefully repeat this process to enhance your point-earning and reward potential.

Crucial Reminder: Monitor your account health closely. Maintain a risk factor comfortably above 40% and avoid overleveraging.

Get Started and Maximize Your Earning Points

With the snapshot date approaching, now's the time to start strategizing and accumulating Kamino Points. Remember, the more points you earn, the greater your potential share of the $KMNO airdrop.