Kamino CEO Michael Weisz says project will spend at least $20m over two years

The story so far: Kamino CEO Michael Weisz strategy

Kamino CEO Michael Weisz said in a community letter that the Kamino Foundation holds the project's IP and revenue, KMNO is its only token, and Kamino will spend at least $20m over two years. He now says most of his KMNO allocation unlocks only when FDV reaches $1bn-$10bn milestones, with the team on the same terms…

1. 13 Oct 202603:10 UTC

   Kamino CEO Michael Weisz says he will keep KMNO holders updated like a listed company

   Kamino's new CEO Michael Weisz told the Empire podcast he wants the protocol to become the main lending and liquidity infrastructure for on-chain assets, connecting asset managers and distribution platforms via API. He said he will communicate with KMNO holders much as a listed company does, sharing hiring, partnerships and product updates.

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2. 2 Nov 202621:23 UTC

   Kamino CEO Michael Weisz says project will spend at least $20m over two years

   Kamino CEO Michael Weisz said in a community letter that the Kamino Foundation holds the project's intellectual property and all revenue, and that KMNO is its only token, with no separate equity. He said Kamino will spend at least $20m over two years to widen the assets it supports and bring its credit and liquidity infrastructure to more platforms.

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3. 2 Nov 202621:28 UTC

   Kamino CEO Michael Weisz says team KMNO unlocks tied to FDV milestones

   Michael Weisz, CEO of the Solana lending protocol Kamino, says most of his KMNO allocation will unlock only once KMNO's fully diluted valuation reaches milestones between $1bn and $10bn and holds there, with team members adopting the same arrangement. The Kamino Foundation will invest at least $20m in development over 24 months and may consider buybacks and burns as it scales.

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