Kamino把Solana借贷、vault和杠杆策略结合为信用协调层，KMNO主要承担奖励增益和参与激励。
Investment View
观察重点是借贷需求、reserve spread、预言机与清算表现，以及KMNO奖励和供应增长的平衡。
YouTube paid members only
This report slide deck is available only to paid members of the BCELAB YouTube channel. Join the channel on YouTube, then verify your membership here to view the slides.
Report Type
Crypto Economy Analysis
Version
v1
Analysis Date
2026年6月18日
Language
zh
Disclaimer: This report is generated through AI-powered analysis and market data. This is not investment advice. All investment decisions should be made at your own risk.