Kamino disclosed on November 3 that most of CEO Michael Weiss’s KMNO allocation will vest only as valuation thresholds are progressively raised, reached, and maintained. Kamino said that holding KMNO does not entitle holders to foundation revenue, distributions, or equity. The foundation has committed to investing $20 million in growth over the next 24 months, rather than making payments to token holders. Data recorded by DefiLlama shows that protocol revenue over the past 30 days was $607,996, while tracked holder revenue was $0. Kamino cautioned that plans for the future may change, including the possible launch of a KMNO support program.
