> ## Documentation Index > Fetch the complete documentation index at: https://kamino.com/docs/llms.txt > Use this file to discover all available pages before exploring further. # Market Config Reference > Every editable field on the LendingMarket account This is the canonical reference for `LendingMarket` — the on-chain struct that holds market-level settings. Field names below use snake\_case as they appear in the JSON returned by `download-lending-market-config` (which mirrors the on-chain Rust struct directly). For guidance on which fields to set, see [Market settings](/curators/markets/market-settings) and the topic-specific guides linked below. ## Identity and naming | Field | Type | Description | | ---------------- | ------------------------ | ------------------------------------------------------------------------------------------- | | `version` | u64 | Program version, fixed at init | | `bump_seed` | u64 | PDA bump seed. Set at init | | `name` | UTF-8 string (≤32 bytes) | Human-readable market name. Editable via `update-lending-market-name` or full config update | | `quote_currency` | UTF-8 string (≤32 bytes) | Reference unit prices are denominated in. Almost always `"USD"` | ## Ownership | Field | Type | Description | | ----------------------------- | --------- | ---------------------------------------------------------------------------------------------------------------------------------------- | | `lending_market_owner` | Pubkey | Active market owner. Authorized for all updates | | `lending_market_owner_cached` | Pubkey | Staging slot for ownership transfer. The current owner sets it; only that pubkey can finalize the swap via `update-lending-market-owner` | | `emergency_council` | Pubkey | Optional separate authority for emergency-only handlers (e.g., `socialize_loss`) | | `proposer_authority` | Pubkey | Authority that can propose certain config updates without holding full owner privileges | | `immutable` | u8 (bool) | If `1`, all owner-side updates are permanently disabled. **Irreversible.** | ## Feature flags | Field | Type | Description | | ------------------------------------------------- | --------- | ------------------------------------------------------------------------------ | | `borrow_disabled` | u8 (bool) | If `1`, new borrows are rejected market-wide. Existing positions continue | | `emergency_mode` | u8 (bool) | If `1`, market-wide emergency mode | | `autodeleverage_enabled` | u8 (bool) | If `1`, enables auto-deleverage market-wide. Per-reserve flag must also be set | | `price_triggered_liquidation_disabled` | u8 (bool) | If `1`, blocks all price-triggered liquidations | | `mature_reserve_debt_liquidation_enabled` | u8 (bool) | If `1`, allows liquidations of mature fixed-term debt | | `obligation_borrow_debt_term_liquidation_enabled` | u8 (bool) | If `1`, enables term-based liquidation flow specifically | ## Withdrawal queue | Field | Type | Description | | -------------------------------------- | --------- | -------------------------------------------------------------------------------------------------- | | `withdraw_ticket_issuance_enabled` | u8 (bool) | If `1`, users can call `enqueue-to-withdraw` | | `withdraw_ticket_redemption_enabled` | u8 (bool) | If `1`, users can call `withdraw-queued-liquidity` | | `withdraw_ticket_cancellation_enabled` | u8 (bool) | If `1`, users can call `cancel-withdraw-ticket` | | `min_withdraw_queued_liquidity_value` | u64 | Minimum USD value (scaled fraction) for a single ticket. Below this, `enqueue-to-withdraw` reverts | See [Withdrawal queue](/curators/markets/withdrawal-queue). ## Borrow orders | Field | Type | Description | | -------------------------------- | --------- | ----------------------------------------------------- | | `borrow_order_creation_enabled` | u8 (bool) | If `1`, users can call `set-borrow-order` | | `borrow_order_execution_enabled` | u8 (bool) | If `1`, lenders can call `fill-borrow-order` | | `min_borrow_order_fill_value` | u64 | Minimum USD value (scaled fraction) for a single fill | See [Borrow orders](/curators/markets/borrow-orders). ## Obligation orders | Field | Type | Description | | ------------------------------------ | --------- | -------------------------------------------------- | | `obligation_order_creation_enabled` | u8 (bool) | If `1`, users can call `set-obligation-order` | | `obligation_order_execution_enabled` | u8 (bool) | If `1`, executors can call `fill-obligation-order` | See [Obligation orders](/curators/markets/obligation-orders). ## Fixed-term rollover | Field | Type | Description | | -------------------------------------------------------- | --------- | ----------------------------------------------------------------------------------------------- | | `fixed_term_rollover_window_duration_seconds` | u64 | Window before maturity allowing fixed→fixed rollover. `0` disables | | `open_term_rollover_window_duration_seconds` | u64 | Window before maturity allowing fixed→open rollover. `0` disables | | `obligation_borrow_migration_to_fixed_execution_enabled` | u8 (bool) | If `1`, allows open→fixed migration anytime | | `obligation_borrow_rollover_configuration_enabled` | u8 (bool) | If `1`, allows borrowers to pre-configure rollover behavior | | `min_partial_rollover_value` | u64 | Minimum USD value for a partial rollover. `0` requires full rollovers only | | `term_based_full_liquidation_duration_secs` | u64 | Time after maturity before full (close-factor-bypassing) liquidation is available. `0` disables | See [Fixed rate reserves](/curators/markets/fixed-rate-reserves). ## Liquidation tunables | Field | Type | Description | | --------------------------------------------------- | ---------- | ------------------------------------------------------------------------- | | `liquidation_max_debt_close_factor_pct` | u8 (0–100) | Maximum portion of debt liquidatable per round | | `max_liquidatable_debt_market_value_at_once` | u64 | Hard ceiling on market value liquidated per liquidation | | `min_full_liquidation_value_threshold` | u64 | Below this debt market value, the close-factor cap is bypassed | | `insolvency_risk_unhealthy_ltv_pct` | u8 (0–100) | LTV threshold for the insolvency-risk auto-deleverage path | | `min_value_skip_liquidation_ltv_checks` | u64 | Below this market value, skip LTV health checks during liquidation | | `min_value_skip_liquidation_bf_checks` | u64 | Below this market value, skip borrow-factor health checks | | `individual_autodeleverage_margin_call_period_secs` | u64 | Default grace period (seconds) between margin call and forced liquidation | See [Liquidations](/curators/markets/liquidations) and [Auto-deleverage](/curators/markets/auto-deleverage). ## Elevation groups ```jsonc theme={null} "elevation_groups": [ { "id": 1, "ltv_pct": 90, "liquidation_threshold_pct": 92, "max_liquidation_bonus_bps": 200, "allow_new_loans": 1, "max_reserves_as_collateral": 8, "debt_reserve": "" } // ... up to 32 entries ] ``` | Field | Type | Description | | ---------------------------- | ---------- | --------------------------------------------------------------- | | `id` | u8 (1–32) | Group identifier. `0` is the "no group" sentinel | | `ltv_pct` | u8 (0–100) | Group LTV; replaces per-reserve LTV for in-group positions | | `liquidation_threshold_pct` | u8 (0–100) | Group liquidation threshold | | `max_liquidation_bonus_bps` | u16 | Cap on liquidator bonus inside the group | | `allow_new_loans` | u8 (bool) | `0` blocks new borrows in the group; existing positions persist | | `max_reserves_as_collateral` | u8 | Maximum distinct collateral reserves a group-position may hold | | `debt_reserve` | Pubkey | Single permitted debt asset for the group | See [Elevation groups](/curators/markets/elevation-groups). ## Position thresholds | Field | Type | Description | | -------------------------------- | ---------------------- | ------------------------------------------------------------- | | `min_initial_deposit_amount` | u64 | Minimum amount required for a brand-new deposit to a reserve | | `min_net_value_in_obligation_sf` | u128 (scaled fraction) | Minimum USD value an obligation must hold after any operation | | `global_allowed_borrow_value` | u64 | Maximum total borrow value across all users on the market | ## Fees | Field | Type | Description | | ------------------ | ---- | -------------------------------------------------------------- | | `referral_fee_bps` | u16 | Referral fee in basis points, shared with registered referrers | ## Oracle policy | Field | Type | Description | | -------------------------------------- | ---------- | ---------------------------------------------------------------------------------------------------- | | `price_refresh_trigger_to_max_age_pct` | u8 (0–100) | Percentage of `maxAgePriceSeconds` at which off-chain bots refresh proactively. `0` = on-demand only | ## Runtime / read-only These fields are program-managed and not user-editable: | Field | Type | Description | | --------------------------------------------------------------------------- | ------ | ----------------------------------- | | `version` | u64 | Program version | | `bump_seed` | u64 | PDA bump | | `reserved0`, `reserved1`, `padding1`, `padding2`, `elevation_group_padding` | varies | Struct alignment / future-use slots | ## Reading the live config ```bash theme={null} yarn kamino-manager download-lending-market-config \ --lending-market ``` For market + every reserve in one call: ```bash theme={null} yarn kamino-manager download-lending-market-config-and-all-reserves-configs \ --lending-market ``` ## Reference * [Market settings](/curators/markets/market-settings) — the workflow for editing these fields * [Reserve config reference](/curators/markets/reserve-parameters) — per-reserve fields * [CLI command index](/curators/markets/cli-command-index) — all market-related commands