[Kamino CEO: KMNO to be Unlocked in FDV Milestones, Buyback Considered] According to the Kamino official blog, Kamino CEO Michael Weisz released an open letter to KMNO holders stating that the majority of their KMNO allocations will only unlock after KMNO's fully diluted valuation (FDV) reaches and remains at an incremental milestone between $1 billion and $10 billion. The team will follow the same arrangement going forward. The company will not have independent equity allocations and will not issue new tokens. All on-chain and off-chain revenue and intellectual property belong to the Kamino Foundation, which will invest at least $20 million in development over the next 24 months. As the scale expands, the Foundation's support for KMNO may include buybacks and burns; the specific form and timing are yet to be determined.