ROAD TOWN, Tortola, British Virgin Islands – 8th, October 2024 – Bitfinex (https://www.bitfinex.com), a leading digital asset trading platform, announced today that it will list KMNO, the native token of Kamino Finance, a liquidity management solution built on Solana. Kamino Finance aims to integrate lending, exchange provisioning, and leverage into a streamlined DeFi product suite, offering concentrated liquidity management and enhanced capital efficiency through automated strategies.
Kamino Finance provides liquidity management on Solana’s decentralized exchanges. By integrating lending, liquidity provisioning, and leverage into a unified product suite, Kamino says it can automate rebalancing and compounding, reducing manual intervention. Kamino’s automated vaults aim to optimize capital deployment and help users manage liquidity efficiently while mitigating risks such as impermanent loss.
The KMNO token underpins this expansive ecosystem, offering governance rights, staking opportunities, and access to platform features.
“Kamino’s efforts to make complex DeFi activities more accessible through its innovative liquidity management solutions align with Bitfinex’s vision of mainstream adoption of digital assets,” said Henry Child, Head of Tokens at Bitfinex. “By listing KMNO, Bitfinex continues its mission to expand our diverse range of token offerings, providing our users with access to cutting-edge technologies that are shaping the future of decentralized finance.”
Deposits for KMNO will open at 10:00 AM UTC on 8 October, subject to network conditions, with trading expected to commence at 10:00 AM UTC on 10 October, contingent upon liquidity requirements being met. KMNO will be tradable against US Dollars (KMNO/USD) and Tether tokens (KMNO/USDt).
To access KMNO on Bitfinex, visit https://www.bitfinex.com/?refcode=0bC4Lljc.
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About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. Bitfinex provides access to peer-to-peer financing, an OTC market, and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on supporting experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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