Kamino Finance

2021-01-01

Hubble Protocol founded by Marius Ciubotariu on Solana, focused on a USDH stablecoin system.

2022-03-15

Kamino Finance raised approximately $6.1 million in a seed funding round from Clocktower Technology Ventures, Inspired Capital, Global Founders Capital, Picus Capital, Flourish Ventures, Propel Venture Partners, Norte Ventures, and Gilgamesh Ventures.

2022-08-30

Kamino Finance officially launched as a concentrated liquidity market maker (CLMM) optimizer on Solana, initially deployed on the Orca DEX. Positioned as the first CLMM auto-rebalancer of its kind on Solana.

2023-01-01

Kamino expanded into lending and borrowing with the launch of K-Lend, adding a money market layer to its existing liquidity vault product.

2024-03-07

Kamino announced the KMNO token and an upcoming airdrop, setting an April snapshot date and a linear points-based distribution model. The announcement triggered a 69% TVL surge in five days as users rushed to accumulate points.

2024-03-11

Following user backlash over airdrop fairness, Kamino adjusted its points program: removed high multiplier boosters on most pools and committed to additional KMNO allocation for long-term users, though specific eligibility criteria were not defined.

2024-04-04

KMNO token airdrop went live. Governance and staking utilities enabled at launch. Total supply set at 10 billion KMNO.

2025-05-01

K-Lend V2 launched. Within three weeks of launch, deposits exceeded $200 million and over $80 million in loans were originated.

2025-04-29

Binance Wallet publicly stated on X that the 'failure rate of the KMNO token is relatively high' following complaints from multiple users about failed transactions and alleged missing balances when using Kamino Finance through the Binance Wallet interface.

2025-10-06

Kamino and Immunefi launched what was described as Solana's largest bug bounty program, offering up to $1.5 million for critical smart contract vulnerabilities with a $150,000 minimum for critical reports.

2025-11-01

During a SOL price drawdown from $188 to $134 (approximately -29%), Kamino processed $183 million in liquidations while maintaining zero protocol bad debt. Protocol supply contracted 19% and debt contracted 18%.

2025-12-02

Kamino blocked Jupiter Lend's one-click loan migration tool, publicly accusing Jupiter Lend of misleading users about its risk model. Social media allegations of 'falsified liquidation data' emerged from a single account but lacked on-chain corroboration. Kamino's TVL declined approximately 12.7% over the following week.

2025-12-11

RedStone blog published a Solana Lending Markets Report citing Kamino as the dominant lending protocol with $3.5 billion TVL, leading all Solana DeFi protocols.