Kamino Finance Kicks Off Season 4 With Revamped Rewards Model, Opens Season 3 Allocations
In Brief
Kamino Finance has launched Season 4 with a revamped rewards structure replacing Kamino Points, introduced real-time KMNO incentives, and continues to expand its DeFi ecosystem on Solana with over $4 billion in deployed assets.
Decentralized finance protocol, Kamino Finance confirmed the commencement of its Season 4 initiatives and stated that Kamino Points will no longer serve as the exclusive reward system. The new season is expected to become active shortly.
Furthermore, the protocol has released the Season 3 allocations. Once claimed, these allocations are automatically staked, though they can be unstaked at any time. It is important to note that unstaking will result in the complete loss of the Season 4 staking boost.
Since the introduction of Kamino Points in January 2023, Kamino Finance has significantly expanded its presence within the Solana lending ecosystem, with the points system and KMNO staking cited as major contributors to this growth. Over two years later, the platform has announced plans to restructure its rewards framework, moving away from relying solely on the Points mechanism. Season 4 will have a predefined duration and a set KMNO token allocation, both of which will be disclosed at the official launch scheduled in the near future.
This upcoming season will serve as a trial phase for a redesigned incentives model aimed at promoting focused and efficient growth across selected Kamino products. Each month within Season 4 will include a predetermined KMNO allocation, which will be directed toward specific product usage patterns. These monthly allocations will be announced at the start of each month and may be adjusted as needed throughout the period.
As users interact with the targeted products during the season, KMNO tokens will be incrementally added to their Season 4 allocation in real-time. At the end of the season, these accrued rewards will become claimable.
The revised structure introduces two primary advantages. First, by targeting rewards toward particular areas, Kamino intends to accelerate adoption of both new and existing products. The protocol plans to work with vault curators, asset issuers, and ecosystem collaborators to support the development and deployment of features during Season 4. Second, fixed KMNO allocations and clearly defined reward channels provide greater transparency. Users will be able to see how rewards directly influence the annual percentage yield (APY) of a product. For instance, if a product normally offers a 10% APY and is supplemented by a 2% KMNO reward, the platform will display a total of 12% APY, clearly indicating the contribution of the reward.
The reward framework for Season 4 has been structured to promote activity and expansion across multiple product segments, such as Kamino Lend V2, Kamino RWAs, Kamino Swap, and Kamino Multiply. KMNO staking will remain an integral component of the new season, offering participants the ability to enhance their rewards by maintaining their staked positions over time. Within this structure, staking KMNO will function as a multiplier based on the USD value of user positions, with the individual boost factor determining the degree to which a position’s value is amplified.
Kamino Finance Expands DeFi Footprint On Solana With $4B Deployed And New Product Lines In Development
Kamino Finance operates as a decentralized finance platform on the Solana blockchain, specializing in the automation and optimization of concentrated liquidity management for decentralized exchanges. The platform offers users access to liquidity provision, lending, and leverage strategies through an integrated interface, featuring tools such as auto-compounding and support for fungible concentrated liquidity positions.
With more than $4 billion in assets deployed, Kamino has become one of the leading decentralized finance platforms on Solana, excluding staking-related activity. Since its launch in September 2022, both Kamino and the Solana network have experienced an expansion, with Solana emerging as a major blockchain ecosystem by user activity and transaction volume.
Kamino is now positioned for continued development amid growing interest from retail participants, institutional entities, and asset issuers. Kamino Lend V2, launched recently, has already recorded over $130 million in supply and $50 million in borrow volume, with more than $35 million allocated to lending vaults. Kamino Swap has reached nearly $800 million in trading volume within eight weeks of its introduction. Additionally, the platform is preparing to roll out a new line of products focused on real-world assets and institutional borrowing.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
