The upcoming airdrop is set to reward users based on their accumulated points. Scheduled for April, Solana-based DeFi platform Kamino will distribute its KMNO token following a snapshot of eligible users taken on March 31st.
Thomas, a contributor to Kamino, highlighted during a monthly Solana developer call that the number of points a user possesses will directly impact the quantity of tokens they receive.
To ensure fairness, the protocol will implement measures to prevent airdrop farming tactics, such as sybil attacks involving multiple wallets. Kamino serves as a platform for borrowing, lending, and generating yield through diverse trading strategies within the Solana ecosystem. Inspired by the models of Jito and Jupiter, Kamino introduced a points program last year to incentivize user engagement in preparation for the airdrop.
According to details shared during a Zoom call, KMNO will function as a governance asset from its launch day, granting holders influence over various aspects of Kamino’s operations, including incentive programs, revenue distribution, and risk management. The token is expected to have a total supply of 10 billion, with 10% in circulation upon its debut in April.
Additionally, 7% of the total supply is allocated for the initial community distribution, as stated by Kamino. Kamino plans to conduct subsequent airdrops with the commencement of additional airdrop “seasons.” The upcoming season, set to kick off in April, will prioritize loyalty and sustained usage of Kamino’s products, as announced via a tweet.