Fixed-rate reserves are a distinct reserve type within a Kamino lending market. Each fixed-rate reserve has a constant borrow rate and a fixed term (e.g.Documentation Index
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USDC 5.5% 3M) and exists alongside the floating-rate reserve for the same debt token. This section is for market managers — the curators who create reserves, set rates and terms, configure rollover and liquidation windows, and decide when fixed-rate features go live on a market.
For the allocator-side view (curators allocating capital into fixed-rate reserves), see Fixed Rates (Vaults).
Read in this order
Reserve Configuration
Anatomy of a fixed-rate reserve, the four fields that pin rate and term, and how to create one via CLI.
Market Settings
Feature flags, rollover windows, the post-maturity liquidation throttle, and the recommended enablement sequence.
Lifecycle Operations
Updating an existing reserve, what can and cannot be changed, soft and hard sunsetting, and operational notes.
Risk Considerations
Risks specific to running fixed-rate reserves and how to set parameters that mitigate them.