Category: Forex News

Bybit Web3 Teams Up with Kamino for Solana Ecosystem Growth

By Published On: March 12, 20241.8 min readViews: 2010 Comments on Bybit Web3 Teams Up with Kamino for Solana Ecosystem Growth

A leading blockchain platform, Bybit Web3, has revealed a strategic partnership with Kamino Finance, a quickly expanding decentralized finance (DeFi) network on Solana. The goal of this partnership is to further Bybit Web3’s vision of an equal, straightforward, and open future for the Web3 ecosystem.

Bybit Web3 is committed to building a decentralized environment that promotes openness and cooperation. Through this collaboration with Kamino Finance, Bybit users will have the chance to investigate and interact with the growing Solana ecosystem.

Bybit users will have access to Kamino Finance’s top DeFi services—lending, leverage, and liquidity, thanks to this partnership.

Since its founding in 2022, Kamino Finance, which is well-known for its exceptional performance, has enabled over $5 billion in trading volume and exceeded $800 million in Total Value Locked (TVL). Because of this, Kamino Finance has a significant role in the Solana DeFi market.

The unique access to Kamino tokens ($KMNO) that our cooperation gives Bybit Web3 users before their general release is a standout feature. The Solana Fiesta campaign will be hosted by Bybit’s Airdrop Arcade, giving players the chance to win $KMNO tokens when the Token Generation Event (TGE) takes place.

As the only participating DApp that hasn’t released its token yet, Kamino Finance offers a special chance for Solana Fiesta attendees to get involved with the company.

Bybit’s co-founder and CEO, Ben Zhou, showed enthusiasm about the collaboration by saying, “We are thrilled to join forces with Kamino Finance, a true trailblazer in the DeFi arena. Bybit Web3 is committed to offering users access to cutting-edge DeFi products and services, and Kamino Finance perfectly aligns with this vision.”

He added, “This partnership will play a pivotal role in revolutionizing traditional finance and empowering users to engage in the future of DeFi.”

Marky, a co-leader of Kamino Finance, emphasized how Bybit Web3 helps the Web3 community make DeFi available to more people. 

Marky said, “This collaboration presents an exciting opportunity for our supporters to connect and explore the innovative features Kamino has to offer. It aligns perfectly with our mission of prioritizing user experience and fostering a thriving DeFi ecosystem.”

Also Read: Bybit Web3 & Solana Ecosystem Revolution 2024

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