Kamino Finance Snapshot Reveal
Exciting news from Kamino Finance as they’ve disclosed details for their Season 1 snapshot, scheduled for March 31st, with a whopping supply of 10 billion tokens and a circulating supply pegged at 10%. This means 1 billion tokens are up for grabs, with 7% initially distributed to the community through a linear-based point system. Here’s the kicker: owning 1% of the points on the leaderboard could net you 1% of the drop. The pre-announcement of the snapshot is a game-changer, albeit a controversial one, as it heavily favors whale wallets poised to invest millions to dominate the farming landscape. Despite the potential imbalance, the ability to sell points on Wales Market offers a silver lining for smaller farmers, making every effort still worthwhile.
Jupiter’s Live Voting
Jupiter’s platform is buzzing with its first live voting event, where I participated in casting a vote for Sharkify, a platform I’ve been actively farming on. The voting process showcases the dynamic ecosystem Jupiter is cultivating. Despite the intense competition from other promising platforms, Sharkify’s eligibility for voting underscores the importance of community support and active participation.
JUP All-Time High
JUP has hit an all-time high, a testament to the community and the value generated by locking in tokens on the platform. This rally reflects the growing confidence in Jupiter’s ecosystem and its potential to reward users generously.
Awaited Announcements and Future Prospects
As we anticipate further announcements, notably from GetGrass, which hinted at a significant update, the landscape of crypto farming and investment continues to evolve. While some developments may favor the more substantial investors, the opportunities for individual farmers and smaller investors remain plentiful, provided they navigate these waters with strategic insight.
