A Kamino Vault is a programmable lending product. You deploy it for a single deposit token, route capital across Kamino lending reserves, and issue share tokens to depositors. As the curator, you control allocation strategy, fees, risk parameters, and rewards — all on-chain, transparent, and depositor-facing. This section is the operational reference for curators running vaults. If you’re new to the model, start with Concepts. If you have a workflow in mind, jump to Guides.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.
Start here
How vaults work
The vault primitive: share tokens, allocation, depositor flow, and the curator’s role.
Create a vault
Deploy your first vault, configure fees, and complete post-creation setup.
Concepts
Read once to understand the system.Allocations
How capital is distributed across reserves — Standard vs. Conditional, weights, caps, and priority.
Liquidity & withdrawals
Unallocated buffer, instant vs. queued exits, and the withdrawal queue primitive.
Yield & fees
APY model, performance and AUM fees, withdrawal penalty, crank fee, and farm rewards.
Roles & ownership
Admin types, the multisig model, and how Squads-based execution works.
Risk primitives
The Insurance Pool and Whitelisted Reserves — the two protections you offer depositors.
Permissioned vaults
Gate vault deposits behind a per-user allowlist. KYC, accredited-investor, and counterparty-gated configurations.
Fixed Rates
Allocating into fixed-rate reserves: the rate grid, term premium, and the curator’s strategy surface.
Guides
Task-oriented walkthroughs in the order you typically run them.Setup
Create a vault
Deploy the vault and set fees, mins, and penalties. Optionally enable Whitelisted Reserves at creation (UI/SDK).
Transfer admin to multisig
Move your vault to Squads multisig control before any subsequent state-changing operations.
Configure allocations
Add, edit, and remove reserve allocations.
Configure fixed-rate allocations
The FR-specific allocation walkthrough — Standard, Conditional, priority. Skip if you have no FR exposure.
Enable Whitelisted Reserves
Restrict your vault to protocol-verified reserves. Required for UI listing.
Set up the Insurance Pool
Lock skin-in-the-game capital, trigger the Kamino match, configure emergency-withdrawal multisig.
Enable permissioning
Switch the vault into permissioned mode and manage the depositor allowlist via kperm.
Operate
Collect fees
Withdraw pending fees, give up fees, and update fee rates.
Reference / fallback
Configure farms
Post-creation farm setup. Skip if your vault was created via SDK or UI — farms are typically created automatically there.
Data & API
Vault data
Query vault state, metrics, and historical performance.
Allocation data
Read current allocations and historical allocation changes.
Depositor data
Query depositor positions and shares.
Rewards data
Query farm reward programs and incentive data.
Reference
Parameters
Complete parameter reference for vaults, allocations, and farms.
Glossary
One-line definitions for every term used in this section.
All vault operations are managed via manage.kamino.com and executed through Squads multisig once the vault is in production. Programmatic operations are available via the TypeScript SDK and the Kamino CLI.