Kamino CEO vesting tied to valuation, holder revenue claim denied

Community Trust Score Verified 87 % Real Verified 39 votes Updated 1 minute ago Kamino, a Solana lending protocol, disclosed November 3 that most of CEO Michael Weisz’s KMNO allocation vests only as progressively higher valuation milestones are reached and sustained. The announcement also stated that token holders have no claim on foundation revenue, distributions, or equity. A temporary price spike does not satisfy the vesting requirement for Weisz’s allocation.

Source: The Currency Analytics