Solana DeFi “Kamino Finance” plans to launch point system for future airdrops

Preparing for the upcoming token airdrop

While the airdrops (free distribution) of Solana projects such as virtual currencies PYTH and JTO are attracting attention, Solana DeFi “Kamino Finance” announced that it will introduce a point system for future airdrops.

Kamino points are coming. https://t.co/qjpNDCLWbm

— Kamino (@Kamino_Finance) December 7, 2023

Details of the point system have not been disclosed at this time, but it is expected that unique tokens will be distributed based on points accumulated based on transaction volume, number of lendings, and amount.

Kamino is a decentralized finance company based on Solana, an on-chain platform that offers interest rate products and lending and borrowing, with total assets under management of approximately $56 million.

connection: Virtual currency Jito (JTO) listed on Binance and Bybit, price soaring

The point system is the mainstream airdrop measurement method adopted by many projects, and is also a measure to increase the project’s utilization rate. It first became a hot topic when it was adopted by Ethereum-based NFT market Blur, and has since been adopted by Solana NFT market Tensor and liquid staking company Jito.

Currently, trading activity aimed at airdropping Solana-related projects is increasing. The TVL of Solana DeFi as a whole has sharply increased since mid-October, reaching a new high of 2023 and reaching $770 million.

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