Kamino Finance is a decentralised finance protocol built on the Solana blockchain. It provides infrastructure for managing automated liquidity vaults, lending, borrowing, and leverage strategies. The platform is designed to simplify the use of concentrated liquidity by automating range settings, rebalancing, and compounding.

Kamino vaults allow users to provide liquidity without manually adjusting parameters. These vaults issue tokenised positions, which can also be used as collateral within the lending and borrowing system. The protocol integrates liquidity provisioning with DeFi lending markets to enable composable capital usage across different strategies.

Kamino Finance operates through a set of smart contracts deployed on Solana and includes features such as liquidity automation, isolated risk lending pools, and vault-based leverage. It also uses an internal points system to track user activity and engagement across its ecosystem.

Kamino (KMNO) is the native token of the Kamino Finance protocol and is issued on the Solana blockchain using the SPL token standard. It is used within the protocol to support governance, protocol-level incentives, and user participation.

KMNO functions as the mechanism for participating in the platform's governance and reward structure. It is integrated into liquidity incentives, staking programmes, and user reward distribution. Public documentation includes structured token allocations across categories such as contributors, stakeholders, community programmes, and treasury.