Michael Weisz
@WeiszM
CEO @kamino, Entrepreneur, Innovator, paving the road to financial independence for millions of people.
229 Following 2.3K Followers
Today, I’m sharing my first letter to the KMNO community as CEO
Since joining @kamino , I’ve been asked a version of the same question by longtime KMNO holders and people getting to know us for the first time. As Kamino grows, where does the value we create go?
It’s a fair question, particularly as we work to bring Kamino into banks, brokerages and wallets, through which our goal is to allow millions of people to earn on their capital or borrow against assets they already own.
The answer starts with how Kamino was built. The Kamino Foundation owns the intellectual property and receives all revenue, including revenue from institutional partnerships. KMNO is the only token. The founders, our investors, the team and I have our upside tied to the same token our community holds. None of us has a separate equity allocation.
What we do with the revenue matters, too. We’re committing at least $20 million over the next two years to expand the assets people can use on Kamino, and bring Kamino's credit and liquidity infrastructure to more of the platforms consumers already use today.
I wrote my first letter to KMNO holders to put those decisions on the record. I also share why I chose to make most of my own KMNO allocation vest only when it reaches and sustains a series of valuation milestones.
One Kamino. One KMNO.
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I'm excited to be speaking at @solana Breakpoint in London next month.
I'll be sharing more detail on our vision and what we're building at Kamino. We will cover the gamut; tradfi assuets and customers coming on chain making yield and liquidity easier to access, fixed-rate onchain credit markets, and more.
Tokenized assets will unlock a multi-trillion dollar credit market that couldnt exist without it. New collateral offers new lending origination. @kamino we're building the infrastrucutre to make it all happen right here on @solana
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All markets will be onchain. First slowly, then it will feel like it’s happening all at once. The efficiency, costs of capital, distribution and growth, and net new opportunities to deploy risk capital w liquidity are pulling all types of use cases on chain. @kamino @solana are ushering in a wave of new assets and liquidity onchain.
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Kamino Accelerates U.S. Institutional Expansion, Taps Private Markets and AI Leaders to Build the Future of Onchain Credit
Borrow lend protocols have been historically built for only open term loans. Kamino just launched a robust and thoughtful design for a fixed rate & term DeFi lending product.
thx! Post is spot on.
We're well positioned for tokenized equities and more exciting news to come on that front soon.
What might be even more exciting is looking further ahead to all of the assets that institutional and wealth investors have been allocating to, but lack liquidity and distribution. Kamino is going to be the deepest source of liquidity. Stay tuned.
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Just finished accumulating a bigger solana:KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS position on the open market.
Very bullish on the overall trend of tokenized equities, and I genuinely believe the supply here grows another 100x from here, led by @solana.
I've been thinking a lot about how to best position for this. I'm a big fan of what Backpack, Securitize and co are doing, but I'm still hesitant on the business model and monetizability of the issuers, especially at these valuations.
Much more interesting to me are the businesses and protocols actually built on top of that layer, the ones that benefit massively from this secular trend.
DEXs are the obvious play here, but what has excited me far more is @kamino.
I'm usually not overly excited about lending businesses, but they made the move into tokenized equity lending early and have been dominating market share ever since. As I expect this market to grow orders of magnitude from here, there's a realistic path for Kamino to massively expand their business in a positive-sum way, and a real shot at rivaling Morpho. Especially since I expect tokenized equities to keep being led by Solana, which Kamino has already proven it can dominate.
Beyond that, the recent hire of @WeiszM is massive, and in my opinion still overlooked. If you want to dominate the upcoming institutional adoption and the influx of trillions in capital as an onchain financial business, you need someone at the top who not only speaks the TradFi language, but has the background and network to actually get the right things moving and open the right doors.
Let's see how this evolves, but definitely one of the more interestingly positioned DeFi protocols right ahead of a massive DeFi supercycle.
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incredibly excited for @kamino to usher in a wave of new users and new assets that have longed for new infra enabling distribution, credit, and liquidity for all sorts of RWAs. Thinking way bigger than just crypto and stocks.
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All growth since July is from @kamino.
New CEO @WeiszM is incredible. Perhaps best new tradfi x defi crossover exec since last cycle.
@6thManVentures recently put on a core position in KMNO, and we plan to fight for and support this protocol, team and brand with all our might.
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Kamino is going to melt your face this cycle
We are excited to welcome Galaxy Curation to Kamino.
Galaxy is launching their first curated lending vaults on Solana, with USDC and USDT strategies built on Kamino.
For users, this means direct access to a Galaxy-managed lending strategies on Solana: deposit USDC or USDT, and Galaxy manages how that capital is allocated across Kamino’s credit markets to target risk-adjusted yield from onchain borrowing demand.
The opportunity goes well beyond bringing financial assets onchain; institutional capital needs the same core market functions that underpin traditional finance: capital allocation, credit risk management, liquidity, and distribution. Kamino has spent four years building that infrastructure on Solana, and Galaxy bringing its lending and risk framework onchain is a clear example of what that foundation enables.
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Excited to share that I’ve joined Kamino as CEO.
There's a generational moment happening across financial services and capital markets - infrastructure is shifting on-chain, ushering in a new era of access, distribution and liquidity for every kind of asset. Kamino is positioned to be a core player in that future, and I'm honored to lead our next chapter.
Tokenization worked. But what’s missing is what comes after you put an asset on-chain. That requires liquidity, credit, distribution and infrastructure.
Kamino has spent four years building that foundation.
Thanks to everyone who has been part of this journey @kamino, @y2kappa, @solanaguvnor, @KyleSamani, @solana, @calilyliu, @mcagney, and so many others who’ve had a hand in my joining Kamino.
Below is my thesis on the future of finance.
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We are thrilled to announce Michael Weisz (@WeiszM) as the new CEO of Kamino
After more than a two decades in fintech & private markets, Michael joins Kamino to lead us into our next chapter of institutional growth, and expand Kamino to the US market
A letter from Michael below
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Yieldstreet CEO and founder, @WeiszM recently sat down with @Edison_Partners Managing Director and host Chris Sugden to discuss the democratization of investing. Listen to the full podcast below:
Greycroft co-founder Ian Sigalow on investing $1B in this market by @cookie
You heard it here…. 60/40 is dead. Diversify your portfolio with Alternatives. Get real assets, real estate, private credit, art, and more. @Yieldstreet. Watching markets crater but private credit performing… feels good.
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“What we’re seeing is investors are taking more of a risk-off approach,” @Yieldstreet Founder @WeiszM says on the markets. “They want returns, they’re going to value, … and they’re looking for less volatility.”
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Beware the market volatility and media hype. Yieldstreet founder and President @WeiszM reminds investors to avoid being emotional while deploying their investment strategy.
We're excited to be in Augusta as @TigerWoods takes the green this week in the quest for his next green jacket at @TheMasters 😉 #golf# #sixman# #green# #win# #winningtime# #themasters#
When he says jump, we say how high? @Tesla CEO @elonmusk has purchased a 9% stake in @Twitter. It sent shares $TWTR up 30%, and #Dogecoin# has rallied 9%. As #Decentralization# becomes more of a possibility for the app, who would be best to lead the company in its next chapter?
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Erica and I are delighted to partner with YieldStreet to support the remarkable work of @UnitedHatzalah — which is on the Ukrainian border with field hospitals and more to serve the refugees. @WeiszM @Yieldstreet @MilindMehere
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Recently, I spoke with @theseanscoop from @investmentnews about our new #crypto# offering. We’re continuing to provide assets for alternative investments through the @PanteraCapital Early Stage Token Fund I. Read more about my conversation with Sean here:
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Continuing to pull back the curtain on alternative investments, we are excited to offer our investors access to #crypto# through the @PanteraCapital Early Stage Token Fund I. I spoke with Frank Chaparro from @TheBlock__ about the offering here:
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