Kamino links most of CEO’s KMNO vesting to valuation while holders have no foundation revenue claim
Summary
Kamino says CEO Michael Weisz’s KMNO allocation mostly vests only if token valuation milestones are reached and sustained, though it did not disclose the thresholds or durations. The protocol also committed $20 million to growth over two years. The foundation receives Kamino’s onchain and offchain revenue, but KMNO holders have no claim on its revenue, distributions or equity; any future token-support program remains uncertain. DefiLlama data cited for the 30 days before Nov. 3 showed $5 million in fees, $607,996 in protocol revenue and no tracked holder revenue. These figures do not establish foundation earnings or future benefits to holders.
