Kameno Finance

Season 1 took an eligibility snapshot on 31 March 2024, and its initial distribution was linear to Season 1 points: a user with 1% of all points received 1% of the community distribution. The checker opened on 4 April 2024. Community members criticised the linear design because it gave early adopters no special treatment. Total supply of KMNO is 10 billion, and the first airdrop was earmarked at 7% of supply, though one source puts Season 1 at 750 million, which conflicts with the 7% figure of about 700 million.

Season 2 was framed around loyalty and sustained use, and one source gives its allocation as 350 million. For Season 3, Kamino concluded the season and planned to distribute 350 million KMNO to users who staked KMNO in May 2025, with rewards fully unlocked and staked by default and no lock-up. Default point rates were one point per dollar per day for Lend supply, Lend borrow and Liquidity Vaults, and staking KMNO boosted point accumulation, with boosts above 200% reported in Season 3.

KMNO was listed on LCX on 11 February 2025 and on the Mobee app on 19 September 2025. A 30 November 2025 unlock was reported at 220 million tokens, priced at $11.22 million. One unlock article is dated January 2025 but carries a 2026 timestamp, so we treat its figures with caution.

Linear-to-points airdrops are simple and predictable, which is why they are criticised and also why they are fair: your reward matches your share of the points. The cost to users is that deposit-based points need capital locked in a lending market, with smart-contract and liquidation risk.