Kamino - Remove Utilization Caps - 06 Jan 2025

Kamino's removal of utilization caps on their SOL lending could impact the price of Kamino (KMNO) positively. By removing these caps, Kamino allows more SOL to be borrowed, possibly increasing liquidity and usage of its platform. This change might boost user confidence and attract more investors. More borrowing freedom might also lead to higher APYs, drawing in new users. Increased activity can lead to more demand for KMNO tokens. Monitoring the lending environment and overall sentiment will be key in assessing the price impact. Source.2/ With ~3.3M SOL supplied into Kamino, the protocol plays a key part in the economy of SolanaKamino's SOL growth has largely been fuelled by the Multiply product, through which over $600M SOL is borrowed at the time of writingHowever, to create a predictable borrowing…