DeFi projects are very popular and it's one of the famous concepts that is used in the cryptocurrency sector. It's an emerging technology that eliminates traditional finance systems and their intermediaries and also reduces the power of centralized institutions from financial transactions. The components are cryptocurrency, Blockchain technology and software that allow people to transact financially with each other.
With this initiative, Kamino Finance is created to offer users the easiest possible way of providing liquidity and earning yield on-chain. Their one-click auto compounding concentrated liquidity strategies became the most popular LP products on Solana. Currently, Kamino is the first of its kind of Defi protocol that unifies multiple features of lending, liquidity and leverage into a single, secure DeFi product suite.
Some utilities of Kamino platforms are users can borrow and lend their assets freely, it provides leveraged liquidity to concentrated liquidity DEXs, can build their own automated liquidity strategies, use concentrated liquidity positions as collateral etc. Besides its multiple utilities and significance in the market, listing in prominent exchanges like Bitget, Bybit etc. are giving them a significant advantage in representing its projects very well and demonstrating amongst the large number of user base.
https://coinmarketcap.com/currencies/kamino-finance/