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Kamino Launches Season 5 with 100M KMNO Token Rewards over Three Months

Kamino’s fifth rewards season begins November 8 with up to 100 million KMNO tokens, while 90 million KMNO from Season 4 start unlocking gradually over six months starting November 12.

SOL

Summary

Kamino, a Solana-based decentralized finance lending protocol, officially announced that Season 5 will begin November 8 and run for three months, offering up to 100 million KMNO tokens in rewards. Season 4’s 90 million KMNO tokens will start unlocking on November 12 under a six-month vesting schedule. The structured release is designed to incentivize long-term user participation and sustain engagement with the protocol.

Terms & Concepts
  • Token Vesting: A process where earned cryptocurrency tokens are released gradually over a set period rather than all at once, often used to encourage long-term participation.
  • DeFi Protocol: Decentralized Finance platforms that provide financial services like lending and trading without traditional intermediaries using blockchain technology.
  • Rewards Season: A time-limited incentive program where DeFi platforms distribute tokens to users for participating in protocol activities.