Latest Kamino Finance (KMNO) News Update

Deep Dive

1. Security Overhaul (10 October 2025)

Overview:
Kamino Lend completed its fourth formal verification with Osec, confirming core functions (deposit/withdraw/borrow/repay) operate safely under all scenarios. This follows 18 audits since 2022 and a new $1.5M Immunefi bounty program (up to 10% of exploited funds), expanding vulnerability testing to a global researcher network.

What this means:
This is bullish for KMNO because rigorous security protocols reduce exploit risks, critical for retaining users and TVL in DeFi. The Immunefi partnership signals proactive risk management, potentially attracting institutional capital seeking compliant yield. (Crypto Times)

2. Coinbase Perpetuals Boost (2 October 2025)

Overview:
KMNO surged 35% in September after Coinbase listed KMNO-PERP on its International Exchange and Advanced platform. Technical analysis highlighted a breakout from a symmetrical triangle, with RSI (66) and Chaikin Money Flow (-0.12 → rising) suggesting bullish momentum.

What this means:
The listing improves liquidity and visibility, but KMNO faces resistance at $0.075 (0.618 Fib level). Sustained demand depends on broader market conditions – a bearish macro shift in October could reverse gains. (CCN)

3. RWA Expansion (23 September 2025)

Overview:
Kamino’s Head of Institutional Growth outlined plans to scale tokenized real-world assets (RWAs), targeting hedge funds and retail users with 8-10% yield products. The protocol integrates Chainlink proof-of-reserves and real-time risk dashboards, balancing compliance (KYC for permissioned RWAs) with DeFi efficiency.

What this means:
This neutral-to-bullish pivot diversifies Kamino’s revenue beyond native DeFi yields. However, liquidity fragmentation across DEXs/lending markets and limited KYC adoption (only 10% of 1.7M users) pose execution risks. (CCN)

Conclusion

Kamino is doubling down on security, liquidity access, and RWA innovation to cement its position as Solana’s DeFi anchor. While exchange listings and yield products drive short-term momentum, protocol safety and macro conditions will dictate whether KMNO can reclaim its June 2025 high of $0.075. Will Kamino’s RWA pivot attract sufficient institutional inflows to offset retail volatility?

Deep Dive

1. @KaminoFinance: Season 4 deposits surge bullish

“One week into Season 4, Kamino Earn deposits crossed $240M with 5M KMNO rewards distributed.”
– @KaminoFinance (320K followers · 1.2M impressions · 2025-08-14 18:54 UTC)
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What this means: Bullish for KMNO because locked rewards (100M KMNO allocation) reduce sell pressure while attracting liquidity. APY multipliers via staking incentivize long-term holding.

2. CoinDesk: Coinbase listing ignites technical targets

“KMNO broke a symmetrical triangle – RSI at 66 suggests momentum toward $0.10 if it holds $0.069 support.” Source (2025-10-02)
What this means: Neutral-bullish. The Coinbase International listing (2025-09-12) boosted liquidity, but CMF at -0.12 signals lingering distribution risk.

3. @Lookonchain: Aug 30 unlock risks sentiment

“229M KMNO ($13.8M) unlocks Aug 30 – team/advisors get 145M tokens historically sold post-vesting.” Source (2025-08-25)
What this means: Bearish near-term. Unlocks represent 8.8% of circulating supply, potentially increasing sell pressure if recipients cash out.

Conclusion

The consensus on KMNO is mixed: bullish technicals and ecosystem growth via Season 4 face dilution risks from unlocks. Watch the $0.069 resistance – a sustained break could validate the Coinbase rally narrative, while failure might reactivate August’s $0.051 support zone.

Deep Dive

1. RWA Lending Market Expansion (Q4 2025)

Overview: Kamino plans to scale its Real-World Asset (RWA) lending markets, starting with the Apollo Market for sACRED deposits (tokenized exposure to Apollo’s credit fund). Initial deposits were capped at $2M, but demand signals suggest capacity will increase to $10M+ by late 2025. New markets for tokenized treasuries and corporate debt are also under development.

What this means:
- Bullish: Expanding RWAs could attract institutional capital, boosting TVL and KMNO utility as a governance token.
- Risk: Regulatory scrutiny around permissioned assets (like sACRED) may slow adoption.

2. xStocks Market Enhancements (Q1 2026)

Overview: After launching tokenized stocks (e.g., SPYx, NVDAx) as collateral in July 2025, Kamino aims to add 10+ new equities and ETFs in 2026. Chainlink’s custom oracles will support real-time pricing and corporate action adjustments (e.g., stock splits).

What this means:
- Bullish: Broadening collateral options could increase borrowing activity and protocol revenue.
- Neutral: Excluding U.S./UK users limits addressable market size.

3. Season 5 Incentives Launch (Q1 2026)

Overview: Following Season 4’s fixed 100M KMNO rewards pool (ending November 2025), Season 5 will introduce dynamic rewards tied to vault performance. New “aggressive” vaults targeting 15%+ APY via leveraged RWA strategies are planned.

What this means:
- Bullish: Higher yields may retain users amid Solana’s competitive DeFi landscape.
- Risk: Over-reliance on incentives could pressure KMNO’s tokenomics if demand softens.

Conclusion

Kamino is doubling down on institutional DeFi (RWAs, tokenized stocks) while refining its retail-facing yield products. The protocol’s ability to balance innovation with risk management (18 audits, formal verification) positions it as a Solana DeFi staple. Will KMNO’s price reflect its growing TVL (over $4B) as macro conditions stabilize?

Deep Dive

1. Lend Protocol Formal Verification (10 October 2025)

Overview: Kamino Lend’s deposit, withdrawal, borrow, and repay functions were verified by Osec to ensure operational correctness and user safety.

This six-month review confirmed users can’t destabilize positions if they start healthy. Combined with Certora’s earlier verification, Kamino now claims “gold standard” security on Solana. The update coincided with a $1.5M Immunefi bug bounty to crowdsource vulnerability checks.

What this means: This is bullish for KMNO because institutional and risk-averse users gain confidence in Kamino’s lending infrastructure. Reduced exploit risks may attract more capital to its $4B+ ecosystem.
(Source)

2. Season 4 Reward System Overhaul (7 August 2025)

Overview: Kamino shifted from a points-based model to direct KMNO rewards locked in real-time, tied to a 3-month vesting structure.

The code update introduced non-dilutive rewards accrual and APY transparency. Staking boosts from prior seasons were reduced to 1/10th their value to align incentives with long-term holders.

What this means: This is neutral for KMNO because while immediate rewards visibility could attract liquidity, the vesting lockup (up to 6 months) may pressure short-term traders. The 100M KMNO allocation could increase sell pressure post-vesting.
(Source)

3. Earn Vault Security Milestone (21 July 2025)

Overview: Kamino Earn Vaults achieved formal verification by Certora, confirming mathematical correctness after four audits.

The update enforced “verifiable builds” – deployed code matches audited source – and open-sourced all vault logic. This followed 18 total protocol audits and three years without exploits.

What this means: This is bullish for KMNO because yield farmers gain assurance against smart contract risks, critical for Kamino’s $240M+ Earn deposits. Enhanced trust could drive TVL growth.
(Source)

Conclusion

Kamino’s codebase advances prioritize security (four verifications, bug bounties) and sustainable incentives (vested rewards). With $4B+ in assets, these updates aim to solidify its position as Solana’s DeFi anchor. Will Kamino’s audit rigor set a new benchmark for protocol safety in 2026?