The Kamino Foundation said on Tuesday that holders of its Kamino (KMNO) token carry no claim on foundation revenue, on distributions or on equity, a clarification that formally separates the token from the entity that receives the protocol's earnings.

The statement was issued on November 3, 2026. Under the foundation's position, owning KMNO does not entitle holders to revenue generated by the Kamino protocol, to any distributions made by the foundation, or to equity in the organization.

Kamino Finance is a decentralized finance (DeFi) protocol built on the Solana blockchain, providing lending and borrowing services together with automated liquidity management. It ranks among the largest lending protocols in the Solana ecosystem. Its governance token, KMNO, launched in 2024 and functions within the protocol's governance framework.

The clarification draws an explicit boundary between holding the token and holding an economic interest in the foundation itself, the entity that receives the protocol's earnings. For KMNO holders, that boundary defines the practical scope of ownership: the token's function sits within the protocol's governance framework rather than in any entitlement to the foundation's income, distributions or equity. Foundations that issue governance tokens commonly emphasize that the tokens confer participation rights rather than equity-like claims on the issuing organization's revenue or assets, and the Kamino Foundation's statement places KMNO explicitly within that convention.

This content was first published on COINOTAG.