Hey there, crypto enthusiasts! If you’ve been keeping an eye on the Solana blockchain, you’ve probably heard the buzz around Kamino Finance and its latest update. On August 7, 2025, Kamino kicked off Season 4, marking a big shift in how users can earn rewards with the KMNO token. Let’s dive into what this means for you and how you can make the most of this exciting new chapter in decentralized finance (DeFi).

What’s New with Kamino Season 4?

Kamino Season 4 is all about shaking things up with a fresh rewards system. Gone are the days of earning points—now, you’ll accrue rewards directly in KMNO by depositing into positions that offer active Season 4 rewards. The season runs for a fixed 3 months and comes with a hefty 100,000,000 KMNO maximum allocation. Check out the sleek announcement image below to get a feel for the vibe:

This overhaul is designed to encourage long-term participation, with rewards becoming claimable at the end of the season under a vesting structure we’ll explore later. It’s a smart move to align the interests of users and the platform, don’t you think?

How Does the Rewards System Work?

The new system is pretty straightforward. When you deposit into positions with active Season 4 rewards, you’ll earn KMNO in real-time. These rewards are reflected in the product’s Annual Percentage Yields (APYs), giving you a clear idea of what you’re earning. Once you’ve secured your share of the 100M KMNO allocation, it’s yours to keep—no dilution here!

You can track your progress through the Season 4 Hub, where all rewarded positions are listed. The “My Overview” tab is your go-to spot to check your total earnings, active positions, daily KMNO gains, and staking details. It’s all about transparency, which is a big win for users.

Focus on Earn Vaults

One of the highlights of Season 4 is the emphasis on Earn Vaults. These let you passively lend your assets into Kamino Lend without the hassle of managing positions to maximize yields. At launch, rewards are directed exclusively to these vaults, with allocations growing as more deposits roll in. Plus, the smart contracts behind Earn Vaults have been rigorously tested and audited by top firms like CertoraInc and osec_io, ensuring they’re secure and reliable. It’s a user-friendly way to dip your toes into lending on Solana!

Staking and Boosts

If you’re into staking, Season 4 has a treat for you. Staking KMNO acts as an APY multiplier, meaning the more you stake and the longer you hold, the bigger your rewards boost. Any boosts you earned in previous seasons carry over, though they’re adjusted to 1/10th of their original value (e.g., a 200% boost becomes 20%). No action is needed to transfer them—Kamino’s got you covered!

The Vesting Twist

Here’s where it gets interesting. Season 4 ends in 3 months, but your rewards don’t unlock immediately. Instead, they enter a 6-month vesting period. You’ve got options:

• Claim a portion instantly and forfeit the rest.
• Wait and claim later, losing a smaller amount over time.
• Hold off until the full 6 months to claim everything plus a bonus from the vesting pool.

The catch? Early claims feed into a bonus pool for those who wait it out. The penalty decreases exponentially, so the sooner you claim, the more you forfeit. It’s a clever incentive to stick around!

Why It Matters

With over $4B in assets deployed, Kamino is a heavyweight in Solana’s DeFi scene. Season 4 is poised to drive the next wave of growth, offering a more structured and rewarding experience. Just a heads-up: rewards aren’t available to users in the US, UK, or restricted jurisdictions, so check your eligibility.

Community Reactions

The crypto community is already chiming in. Users like autisticGCR have been vocal about wanting token supply adjustments, suggesting cuts to the community and grant allocations. Meanwhile, others like ArtueroY are curious about points for activities like swaps between seasons. It’s clear Kamino’s updates are sparking lively debates!

Final Thoughts

Kamino Season 4 is a bold step forward, blending simplicity with strategic incentives. Whether you’re a seasoned DeFi pro or just starting out, this season offers a chance to earn KMNO while supporting a leading Solana platform. Head over to the full announcement to dig deeper, and let us know your thoughts in the comments!

Ready to jump in? Explore the Kamino app and start earning today!