| Term | Definition |
|---|---|
| Allocation Admin | Limited admin role that can update weights, caps, types, and priorities on existing allocations only. See Roles & ownership. |
| Allocation Cap | Hard ceiling on tokens deployed into a single reserve. See Allocations. |
| Allocation Weight | Relative integer determining proportional share for Standard allocations. Ignored for Conditional. See Allocations. |
| AUM Fee | Annual percentage fee on total vault assets, paid to the vault admin. See Yield & fees. |
| Autocompound Farm | Farm that distributes rewards in the deposit token, automatically compounding into vault positions. See Yield & fees. |
| Borrow Order | A standing on-chain intent to borrow specific terms. One of two demand paths into a fixed-rate reserve. See Fixed Rates → Concepts. |
| Conditional Allocation | Allocation type that deploys capital only when borrow demand arrives. Recommended for fixed-rate reserves. See Allocations. |
| Crank | Permissionless off-chain bot that triggers on-chain state updates such as rebalancing. |
| Crank Fund Fee | Per-deposit fee covering the cost of the invest crank. See Yield & fees. |
| Curator | Vault creator and manager — the admin (or multisig) controlling vault operations. |
| Deposit Token | The token a vault accepts. Immutable per vault. |
| Direct Borrow | An instant atomic borrow against available reserve liquidity. The other demand path alongside Borrow Orders. See Fixed Rates → Concepts. |
| Fixed-Rate Reserve | Lending reserve with a constant borrow rate and a fixed term (e.g. USDC 5.5% 3M). See Fixed Rates. |
| Floating-Rate Reserve | Lending reserve with a utilization-based variable rate. |
| Insurance Pool | Curator-locked capital that absorbs losses before depositors. Implemented as FirstLossCapitalFarm. See Risk primitives. |
| kToken (Receipt Token) | The vault’s share token, issued to depositors. Format: kv[DEPOSIT_SYMBOL]-[SUFFIX]. |
| Lamports | Smallest unit of a token (e.g. 1 SOL = 1,000,000,000 lamports). |
| Performance Fee | Fee on vault profits, paid to the vault admin. See Yield & fees. |
| Priority | Numerical value controlling which Standard allocations are eligible as source reserves for Conditional fills. Higher = more protected. See Allocations. |
| Reserve | A specific lending pool within a market. Vaults allocate capital to reserves. |
| Squads | Solana multisig used for production vault management. See Roles & ownership. |
| Standard Allocation | Allocation type that deploys capital immediately and continuously per weight. See Allocations. |
| Sync Allocations | Permissionless action to rebalance the vault toward target allocations. See Allocations. |
| Unallocated Funds | Idle vault capital kept liquid for instant withdrawals. See Liquidity & withdrawals. |
| Vault Admin | Full-control admin role for the vault. Production vaults transfer this to a Squads multisig. See Roles & ownership. |
| Vault Farm | The farm where depositors stake their kTokens to receive reward distributions. See Yield & fees. |
| Whitelisted Reserves | Smart-contract-level constraint preventing allocation to reserves outside Kamino’s verified set. See Risk primitives. |
| Withdrawal Penalty | Security mechanism — fee on withdrawals returned to the vault to defeat yield-sniping. See Yield & fees. |
| Withdrawal Queue | Per-reserve FIFO queue for exits when reserve liquidity is committed. See Liquidity & withdrawals. |
| Withdrawal Ticket | An entry in the withdrawal queue. Has a sequence number, a queued amount, and a destination token account. |
Reference
Glossary
One-line definitions for every term used in the curator vault docs
Click any term to jump to the canonical treatment.