OKX Announces Listing of Kamino Finance (KMNO) for Spot Trading

OKX has announced the listing of Kamino Finance (KMNO) on its spot trading markets. The listing process will begin with KMNO deposits opening at 10:00 am UTC on May 29, 2025. This will be followed by a call auction from 2:00 am to 3:00 am UTC on May 30, 2025. Spot trading for the KMNO/USDT pair will commence at 3:00 am UTC on the same day, with withdrawals available from 5:00 am UTC.

To manage market volatility during the initial phase of trading, OKX will implement specific risk control measures. For the first five minutes after spot trading begins, market orders will be prohibited, and the maximum amount per limit order will be set at $10,000. Additionally, the maximum net position per user will also be capped at $10,000. These restrictions will be lifted after the initial five-minute period.

Call Auction and Price Limit Rules

The call auction mechanism will be utilized for the KMNO/USDT spot listing. During this one-hour period, users can submit buy and sell orders at their desired prices. The total value of each user’s buy orders during the call auction must not exceed $50,000. In the last five minutes of the auction, users can place orders but cannot cancel or modify them.

OKX will apply closing price-based limit rules when a stable index price is unavailable. These rules will transition to index-based limits once a stable index price is established. The platform may adjust parameters such as N, H, X, Y, and Z or switch limit price calculation methods based on market conditions without prior notice.

About Kamino Finance

Kamino Finance is a leading DeFi protocol on the Solana blockchain, offering products in borrowing, lending, and market-making vaults. These services help users generate real yields from token pair trading fees. The asset name is Kamino Finance, with the ticker KMNO, and its contract is KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS.

For more details on the listing, visit the official announcement here.

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