Kamino Borrow is a peer-to-pool lending market on Solana. Lenders deposit assets into shared liquidity pools to earn yield; borrowers draw overcollateralized loans against their collateral. The protocol handles rate discovery, position health tracking, and liquidations automatically — no counterparty matching required. Kamino Borrow also powers Multiply, which uses the lending market’s underlying mechanics to construct leveraged yield positions in a single transaction.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.
Overcollateralized means every loan is backed by more collateral value than the loan itself is worth. There is no credit history, no identity check, and no legal recourse — the collateral is the only guarantee. This is what makes anonymous, permissionless lending possible. Learn more
Peer-to-pool means depositors contribute to a shared pool and borrowers draw from it — no specific lender is matched to a specific borrower. The protocol intermediates automatically, enabling instant borrowing without waiting for a counterparty. Learn more
Supplying
How deposits enter liquidity pools, how kTokens work, and how supply yield is earned.
Borrowing
Collateral requirements, borrow limits, interest accrual, and how debt positions are managed.
Fixed Rates
Fixed-rate borrowing — rate certainty, term structure, conditional liquidity, and the on-chain yield curve.
Borrow Orders
Standing borrow orders that fill automatically as matching liquidity becomes available.
Markets
The structure of Kamino’s lending markets, reserve configurations, and eMode.
Liquidations
How position health is measured, when liquidations trigger, and how the penalty system works.
Concepts
The foundational ideas behind Kamino Borrow — reserves, markets, LTV, rate models, and more.