This article was compiled from a long-form Twitter thread. To read the original, visit this link: https://x.com/inv515/status/1883717257517470072
From The Ground Up: The Evolution of @KaminoFinance
It's easy to talk features but Kamino became a key & trustworthy player within the Solana DeFi ecosystem for some very specific reasons.
Let's look at why.
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The Start:
Kamino was created to address the complexity of liquidity provision & yield generation on Solana.
The aim was to provide a platform that simplifies these processes for users based on the speed & low fees that were key features of $SOL.
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Vaults:
In August 2022, Kamino launched its Automated Liquidity Vaults.
These vaults automate the management of liquidity positions, including rebalancing, fee compounding, & range adjustments.
This made DeFi more accessible & much easier to use.
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KLend:
The next big product was Kamino Lend, which includes features like Protected Collateral.
This service provides a standalone & integrated lending experience with enhanced risk management.
Now you can access de-fi on Solana with increased capital protection.
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KMNO Launch:
Kamino introduced its governance token, KMNO, to move towards a community-driven model.
It incentivizes user participation & allows for future governance, giving users influence over the platform's direction.
It's not too late to earn $KMNO of your own.
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Kamino V2:
The release of Kamino V2 brought new upgrades such as Cross & Isolated Modes for lending.
This gave users increased flexibility & protection.
Reducing & Avoiding liquidations where possible has always been a key focus that continues today.
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Community:
Kamino has fostered growth through partnerships within the Solana ecosystem, including with Jupiter Exchange & Raydium, integrating its products into a broader DeFi network.
They support creators too, with content programs just like this one.
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Volume:
Right now, Kamino has a Total Value Locked (TVL) of over $1.4 billion, making it a key player on $SOL.
The evolution continues, with plans for further integrations & new products like swap constantly being dropped.
The team stand behind their products.
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The Future:
For #DeFi to expand, it needs to have well-supported & reliable products backed with good info & community support.
Plenty of players are making this their next goal & our fav platform is at the top of the pack.
We early, so things will keep getting better.
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Don't Miss Out:
Enjoy this thread?
Follow TG for the good stuff.
&
Follow @gimme_crypto_ for interesting projects & #airdrop updates.
Don't forget to join on L3 as well!
End of Thread
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