Glossary - Kamino Docs

Click any term to jump to the canonical treatment.

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.