Kamino Finance is a Defi lending and borrowing protocol launched by Hubble Protocol on August 30, 2022, on the Solana blockchain. Kamino exists on the Solana blockchain as a sophisticated Concentrated Liquidity Market Maker (CLMM) optimizer. At the onset, it partnered with the popular decentralized exchange (DEX), Orca, a platform for buying crypto on Solana. Kamino uses three main features - "Auto-swap," "Auto-compound," and "Auto-rebalance" - to eliminate manual intervention on investments. This relieves the concern of having to constantly buy, sell, and reinvest your assets, on the user-end.

SOLANA SUCCESS: UNIQUE INFRASTRUCTURE, HACKATHONS, AIRDROPS

The convergence of Web3 technologies and Non-Fungible Tokens (NFTs) has inaugurated a revolutionary epoch for digital art and collectibles, reshaping the creation, purchase, and sale of unique digital assets. This dynamic fusion marries the decentralized ethos of Web3 with the distinctive ownership and verification capabilities offered by NFTs, transforming the dynamics of creative and collector communities.

The approval of Bitcoin Exchange-Traded Fund (ETF) has sent ripples through the global crypto space, and the trading markets, sparking debates and discussions about its potential impact. The United States Securities and Exchange Commission (SEC) approved 11 US spot Bitcoin ETFs in January, 2024 after rejecting several applications. Since its approval, spot Bitcoin trading volumes have continue to soar to an all-time high. As of  January 18, 2024, cumulative Bitcoin spot trading volumes surpassed $11bn. Asset managers, Blackrock and Fidelity, currently hold the spot for largest inflows, with each bringing in more than $400mn each.

As Bitcoin and other cryptocurrencies boomed in popularity over the last few years, Non-Fungible Tokens (NFTs) have emerged as a groundbreaking force— growing to an estimated $40+ billion valuation as of 2021. NFTs have evolved beyond Bored Apes and pixelated art. NFTs have revolutionized how we experience everything across music, TV shows, and movies, providing a means for fans to feel more connected to their idols through exclusive ownership of these NFTs. Creatives no longer need to rely solely on album sales and streaming platforms to actively generate revenue.

There is a possibly presumed notion that “Africa is always late to the party”. For this read, we will consider this presumed notion of Africa as a point of focus. Now, this is not a direct reference to African parties, neither is the notion merely presumed - because in most cases, this presumption is correct, especially with particular consideration to innovation and technological adoption. Most do not immediately associate the continent with fast-paced technological evolution, industrialization, or economic prosperity - In a lot of cases, these prejudices are valid. Of course, a continent rich in natural resources, cultural heritage, and human capital has to have some sort of silver lining. The Web3 party is a novel instance - one where AFRICA IS EARLY!

By Nehkee

By Nehkee

The blockchain industry is filled with mind-bending complexity. Anyone who has spent a few minutes Googling or attending a webinar knows that learning about it is like drinking from a fire hose. That is why the first piece of advice I give anyone entering the space is, “Find your tribe.”