Considering building a KMNO position. One of the strong avenues on Solana. It seems to have everything it needed but lacks steam due to no buybacks implementation details.
Competitors metrics comparison👇
Kamino
$191M FDV per $1B TVL
$51M Mcap per $1B TVL
Earnings: $17M, Holders: 50% not impl
Morpho
$259M FDV/TVL
$85M Mcap/TVL
Earnings: -$22M, Holders -22M incentives
Aave
$132M FDV/TVL
$117M Mcap/TVL
Earnings: $105M, Holders: $45M
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