Lending project NFTfi on Ethereum and DeFi protocol Kamino on Solana announced their Airdrop event on April 30.
The two projects Kamino and NFTfi simultaneously Airdrop on April 30. Photo: Coinbase
According to a notice posted on April 26, two lending protocols NFTfi and Kamino announced a Token Airdrop event for the user community on April 30.
Kamino - Multi-product DeFi platform on Solana
Kamino is a DeFi protocol that provides users with many products such as Lending/Borrowing , providing liquidation and leveraged trading on the Solana blockchain with a total asset under management (AUM) of more than 1.3 billion USD at the time of writing. . Kamino was built with the goal of providing a full suite of DeFi products to help users maximize profits within a single interface.
In March, Kamino announced a Snapshot for Season 1 to conduct the Airdrop and after many days of waiting, the project also confirmed the KMNO Token Airdrop date will be on April 30.
For further details, please read the full blog: https://t.co/Y7O9MWAszl
— Kamino Foundation (@KaminoFdn) April 26, 2024
Note that this is not applicable to US or UK persons, nor persons in OFAC, or any other restricted jurisdictions
This is the final tweet
The KMNO Token will be used for users to participate in Staking on Kamino and in the future if Kamino establishes protocol governance, KMNO holders can vote on project decisions.
Proposals are about to be voted on on Kamino
KMNO has a Max Supply of 10 billion. At the time of launch, KMNO's circulating supply is estimated to be 1 billion Token, accounting for 10% of the total supply. Of which 7.5% will be distributed to users via the Airdrop event.
Additionally, 35% (including 7.5% initial allocation) of the total KMNO supply will be reserved for the community and funding the Kamino stack building team, 10% for providing liquidation to KMNO, 20% to core contributors. 35% for stakeholders and advisors.
Allocation to core contributors, shareholders and advisors will be locked for 12 months after KMNO Token launch then unlocked linearly over 24 months.
KMNO Token allocation
With 7.5% of the supply in this Airdrop for participants to earn points in Season 1 and gratitude to long-time users.
Airdrop criteria | Number of NFTFi Token | % Total supply |
Season 1 participants | 700,000,000 | 7% |
Longtime user | 50,000,000 | 0.5% |
total | 750,000,000 | 7.5% |
Readers can check the number of Airdrop Token here .
According to defillama statistics, Kamino is the protocol with the 3rd largest TVL on Solana with 1.066 billion USD, ranking above competitors such as marginf i, Raydium ,...
Protocols with the largest TVL on Solana. Source: defillama (April 27, 2024)
NFTfi - Non-Fungible Token lending protocol on Ethereum
NFTfi is a peer-to-peer Non-Fungible Token lending protocol, with the vision of providing a decentralized and neutral payment layer that increases liquidation for Non-Fungible Token collectibles
According to the announcement posted on the evening of April 27, NFTfi confirmed that it will Token the NFTFI token airdrop next Tuesday, April 30 at 7:30 PM (Vietnam time).
The$NFTFI Airdrop portal is going live on Tuesday, April 30th at 12.30 UTC (noon).
— NFTfi Foundation (@NFTfiFoundation) April 26, 2024
Eligible users will have 41 days to claim their$NFTFI . All details in this blog post. https://t.co/1WdKiJAA2F
(Content may not be available in your location, or if you are using a VPN) pic.twitter.com/bwawwGIeoB
The NFTFI Token has the main function to vote on project governance proposals, decide on future community and fund activities on:
Non-Fungible Token Collateral Type ;
Platform fee adjustment;
Develop Token feature.
Introducing$NFTFI . Advancing Non-Fungible Token Finance, together.
— NFTfi Foundation (@NFTfiFoundation) April 8, 2024
Purpose, distribution, and release schedule in this blog post: https://t.co/luILUFSndd
(This content may not be available in your location, or if you are using a VPN) pic.twitter.com/099Ua5qXkC
NFTFI is an ERC-20 Token of Ethereum, with a Max Supply of 2 billion.
The initial circulating supply of NFTFI is estimated to be 310 million Token, representing 15.5% of the total supply. Of which, 7% will be allocated to users receiving Airdrop, the rest will be unlocked for the NFTfi Foundation and used to develop the ecosystem.
Besides, 16.1% of total NFTFI supply will be reserved for core contributors, 25% for community and rewards, 23.3% for NFTfi Foundation and ecosystem, 35.6% for contributors. invest.
In addition to the initial 15.5% of Token unlocked, the rest are subject to Token Lockup regulations and will be fully unlocked in 2028.
NFTFI Token allocation
NFTFI Token Lockup schedule
This Airdrop will be available to individuals who meet the NFTfi requirements including OG Points, Season 1 and Season 2 earning program participants distributed according to the table below:
Airdrop criteria | Number of NFTFi Token | % Total supply |
OG Score | 40,000,000 | 2% |
Earn Season 1 points | 80,000,000 | 4% |
Earn points Season 2 | 20,000,000 | first% |
Total | 140,000,000 | 7% |
Eligible people can claim the Airdrop from April 30 to June 10.
Immediately after claiming the Airdrop, this NFTFI Token will automatically be Staking and after 41 days, users can receive their Token with a Staking reward.
Currently Non-Fungible Token lenders on the NFTfi platform earn more than $15 million in profit from more than $550 million in total loan volume .
Statistics on borrowing and lending data on NFTfi. Source: Dune - @nftfi-team (April 27, 2024)
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