Kamino Finance (KMNO): D-Score 35/100 — Centralized Leaning BlockIndex D-Score: 35/100 (Centralized Leaning). Kamino Finance (KMNO) is a Layer 2 cryptocurrency using N/A consensus. Kamino Finance (KMNO): Solana-native DeFi protocol offering Automated Liquidity Vaults and modular lending with kLend V2 for capital efficiency. Source: https://blockindex.ai/coin/kmno · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 35: Node distribution: 0: Initial distribution: 0: Governance: 21: Age and history: 9: Autonomy: 5: Key facts - Layer: Layer 2 - Consensus: N/A (N/A) - Launch: Other (2022) - Founder: Gonzalo Parejo Navajas; contributors: Clish254, brooke007, Perelyn-sama, Franceshe, beautyfree, wd-cat, funCapital, alex-posley, canfly1019, juanmanso, 0xstonegm, pruales, Boyquotes, LiamYoungRWO, shunkakinoki, calldata, DarthShoge, RadiantAeon, mouhand999, naviocean, stonegao, swimricky - VC funded: No - Max supply: 10,000,000,000 - Circulating: 4,869,178,362 (48.7%) Market data (as of 2026-06-19) - Price: $0.02 - Market cap: $87.44M - 24h volume: $9.06M - 24h change: +3.25% · 7d change: +9.31% About Kamino Finance (KMNO) is a Solana-native decentralized finance protocol focused on automated liquidity management and modular lending primitives. The project’s foundational product, Automated Liquidity Vaults (ALVs), launched in August 2022 and introduced kTokens — yield-bearing fungible representations of LP positions designed to simplify concentrated liquidity and provide passive yield to liquidity providers. Kamino expanded its product set with Kamino Lend (kLend), a peer-to-pool lending market powering higher-level strategies such as Multiply and Long/Short, and later iterated to kLend V2 which introduced modularity and Spot Leverage to improve capital efficiency and composability. Across its public materials the project emphasizes UX-driven abstractions that wrap complex DeFi strategies into accessible flows, and it surfaces technical documentation and risk/analytics dashboards for users and integrators. Technically, Kamino operates as a protocol and token within the Solana ecosystem, leveraging Solana’s PoH+PoS architecture for settlement and throughput. The protocol’s core innovations are architectural and product-level rather than consensus-layer: ALVs abstract concentrated liquidity provision into a vault primitive that issues kTokens to depositors, while kLend implements capital-efficient borrowing markets with a risk engine and an eMode-like mechanism allowing higher effective leverage under constrained conditions. The codebase is referenced as open-source in public materials and the project shows ongoing commit activity; however, specific repository URLs and licensing details were not present in the extracted sources. Kamino’s integration posture also includes oracle usage (Chainlink mentioned in the extracted content) and compatibility with major Solana wallets and browser extensions, which supports composability across Solana AMMs and aggregators. From a product and adoption perspective, Kamino positions itself as a leading LP primitive and a significant borrow/lend offering on Solana. The protocol’s ALVs are described as a foundational product that helped drive initial adoption, and kLend’s modular approach aims to broaden developer and product integrations by separating lending primitives into composable modules. Market snapshots included in the sources indicate measurable liquidity and active listings across centralized and decentralized venues; a circulating supply snapshot and price history are provided in CoinMarketCap-derived extracts. The project also completed a third-party security audit, and public documentation and analytics dashboards are promoted as part of the project’s risk-management and transparency posture. Tokenomics and monetary design for KMNO are summarized in public snapshots: a max supply of 10,000,000,000 KMNO is stated, with circulating supply snapshots of ~3.513B KMNO (≈35.13% of max). Specific premine, PIP, or detailed vesting schedules were not present in the scraped materials and are flagged as missing in the extraction. Market data in the provided snapshot shows price and market-cap figures, including an all-time low recorded on 2024-08-05 and an all-time high snapshot on 2024-12-15; the sources also provided a recent live price and 24-hour volume snapshot. Because the detailed release schedule and team/company legal structure were not documented in the provided content, important distribution and governance specifics remain unverified in the supplied dataset. Governance, organizational structure, and regulatory posture are not clearly articulated in the provided materials. The extracted founder list names Gonzalo Parejo Navajas as the primary founder and provides a roster of contributors and community handles, but no CEO or corporate foundation registration was referenced. No explicit on-chain governance process or DAO mechanism was described in the sources; the project appears to be community-facing with public docs and open-source development but lacks a documented governance token voting process in the scraped content. Overall, Kamino is presented as a product-first Solana DeFi protocol with significant integrations and market presence, active development, and a focus on capital-efficient primitives for liquidity providers and borrowers, while several tokenomics and governance details remain to be sourced from tokenomics/whitepaper materials or the project’s canonical repositories. Links - Website: https://docs.kamino.finance/products/borrow-lend - Whitepaper: https://docs.kamino.finance/ - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore