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Kamino of Solana Protocol Considers Airdrop Post Jito Token Launch

Key Takeaways
  • Kamino's points program hints at a new trend in Solana's DeFi, potentially influencing how other projects engage users for greater participation and satisfaction.
  • Solana's value surge, driven by increased DeFi activity, especially through Kamino, showcases its growing significance in the DeFi space.
  • Points systems across Solana projects are sparking user anticipation for future rewards, prompting strategic engagement.
08-Dec-2023 By: Sudeep Saxena
Kamino of Solana Pro

Solana's SOL Token surges on DeFi revival, led by Kamino

Kamino Finance, the fastest-growing decentralized finance protocol on Solana (SOL), plans to start a points program soon, hinting at a future token giveaway. This move could make Kamino even more popular, contributing to Solana's recent revival.

SOL's value has tripled since mid-October because more DeFi traders are using Solana for trading, borrowing, lending, and making profits, especially through Kamino.

Anticipation Builds for Kamino's Potential Token-Linked Points Program

Someone named Marky, involved in the Kamino project, mentioned on Twitter Spaces that Kamino is getting ready to introduce a points program.

This program might be linked to a future token giveaway, although the specifics are still unknown. The head of the Kamino project, Marius George Ciubotariu, hasn't given any details yet.

This year, Solana-based projects have been using games and rewards to encourage more usage and to reward their most loyal users with points. Many traders believe that these points might influence how future token giveaways are decided.

Consequently, they're planning their trading, staking, and yield farming strategies to get the most out of these potential rewards.

Jito Token Airdrop Rewards Early Users Based on Points

Jito, a token protocol on Solana, recently did an airdrop called JTO. Around 80% of the tokens set for this round are going to early users based on the points they earned through Jito.

Kamino manages vault products, aiming to boost profits for users who put money into different Solana-based DeFi trading platforms. They're also developing a borrowing and lending service.

How Kamino's Move Might Affect Solana's Finance Projects

Kamino Finance's points program might change how other finance projects on Solana interact with users. This move, hinting at possible token giveaways in the future, could make Kamino even more popular in the Solana world. If successful, it might make other projects do similar things to keep users engaged and happy.

Solana's value went up a lot, partly because of how much people are using it for financial activities, especially through Kamino. Kamino's plans to help people earn more money with their investments in Solana-based trading platforms and their upcoming borrow-and-lend service show they're serious about helping users do well.

People are getting excited about earning points on Solana projects. They think these points might decide who gets tokens in the future. Because of this, they're planning how they trade, invest, and earn money in these projects, hoping to get more rewards.

Jito, another project on Solana, gave a lot of tokens to its early users based on the points they earned. This shows that keeping users happy and involved from the start is becoming really important for these projects. It helps them grow and have loyal users.

Also Read: Robinhood Launches Commission-Free Crypto Trading App in Europe

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