Update
Kamino Clarifies KMNO Allocation and Foundation Revenue
Kamino, a Solana lending protocol, has clarified that KMNO holders have no claim on foundation revenue, distributions, or equity. CEO Michael Weisz has tied most of his KMNO allocation to sustained token valuations, with a $20 million growth commitment. The release also states that the foundation has no shareholders, members, or beneficiaries, operates independently, and receives all on-chain and off-chain revenue and intellectual property. DefiLlama data from November 3 shows $5 million in fees and $607,996 in protocol revenue, with no tracked holder revenue.