Kamino CEO token vesting tied to sustained valuations, denies revenue claim

Community Trust Score Verified 82 % Real Verified 28 votes Updated 34 minutes ago Kamino, a Solana lending protocol, disclosed November 3 that most of CEO Michael Weisz’s KMNO token allocation vests only upon reaching and sustaining progressively higher valuation milestones. The release explicitly stated that KMNO tokens do not grant holders a claim on foundation revenue, distributions, or equity. The November 3 release notes that temporary price spikes do not satisfy Weisz’s vesting requirements. Specific numerical milestones and required durations were not disclosed.

Source: The Currency Analytics