Bittime - Kamino Finance, a DeFi protocol on the Solana blockchain, will soon airdrop their KMNO tokens in April. However, their initial plan sparked controversy from users.
User Response and Kamino Changes
Hearing the complaints of its users, Kamino finally decided to change the criteria for getting KMNO airdrops . In the future, old users ("OG users") who have been using Kamino services for a long time will get more KMNO tokens than new users.
However, details regarding the bonus amount for existing users have not yet been announced. Apart from that, Kamino will also reduce the points that users can get through various activities on their platform.
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Difficulty in Airdrop
It turns out, giving away free crypto is not an easy thing. This is what Kamino faced. After announcing their airdrop plan, Kamino received a lot of criticism from its users.
Kamino Listens to Users
Kamino finally listened to the aspirations of its users and immediately made changes to their airdrop plans. It is hoped that this change will reduce the disappointment of old users who have loyally used the Kamino platform.
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What is Kamino Finance (KMNO)?
Kamino Finance is a concentrated liquidity management protocol built on the Solana blockchain. This platform offers a variety of integrated DeFi products in one place.
This includes lending, liquidity provision, and leverage services. With Kamino Finance, users can:
- Lending and lending crypto assets
- Provides liquidity with leverage
- Building an automated liquidity strategy
- Using concentrated liquidity positions as collateral
Kamino Finance: Solana Liquidity Hub
In a Decentralized Exchange (DEX) or decentralized crypto exchange, high trading volume is very important to determine the revenue of a DeFi application (dApp).
Conventional AMMs (Automated Market Makers) usually spread liquidity evenly across price ranges. This method can be less efficient, especially for price ranges with low trading volume.
As a result, liquidity locked in these inactive price ranges is less than optimal in generating profits from trading costs.
Concentrated liquidity management , like the one Kamino Finance offers, addresses this problem by allowing liquidity providers (LPs) to allocate their assets to specific price ranges.
They can choose a price range that is expected to have higher trading activity. With this targeted approach, liquidity will be concentrated in price ranges with large trading volumes, resulting in more efficient use of capital.
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Advantages of Kamino Finance
Kamino Finance has a distinct advantage in the Solana ecosystem in terms of its approach to concentrated liquidity. They offer a variety of automated tools and strategies to help LPs optimize their positions in liquidity pools. In this way, LPs can more easily manage the complexities that accompany providing concentrated liquidity.
Additionally, the Kamino Finance platform allows its users to borrow and lend their assets, as well as providing leveraged liquidity to DEXs that use concentrated liquidity.
Users can also build their own automated liquidity strategies and use concentrated liquidity positions as collateral for loans.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is inSure DeFi (SURE)? DeFi Future Protection
What is Yield Farming in DeFi?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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