> ## 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.

# Fees

> Kamino Finance borrow/lend fee structures

## Interest Rate Spreads

| Asset(s) | Market          | Interest Rate Spreads |
| -------- | --------------- | --------------------- |
| SOL      | Main Market     | 11%                   |
| USDC     | Main Market     | 15%                   |
| USDT     | Main Market     | 15%                   |
| mSOL     | Main Market     | 15%                   |
| JitoSOL  | Main Market     | 15%                   |
| bSOL     | Main Market     | 15%                   |
| wETH     | Main Market     | 15%                   |
| tBTC     | Main Market     | 15%                   |
| JTO      | Main Market     | 15%                   |
| UXD      | Main Market     | 15%                   |
| USDH     | Main Market     | 15%                   |
| USDC     | JLP Market      | 20%                   |
| USDC     | Altcoins Market | 20%                   |
| WIF      | Altcoins Market | 20%                   |
| BONK     | Altcoins Market | 20%                   |
| PYTH     | Altcoins Market | 20%                   |
| JUP      | Altcoins Market | 20%                   |
| JTO      | Altcoins Market | 20%                   |

## Liquidation Penalties

Liquidation penalties start at 2% for immediate liquidations and scale up to 10% at the highest risk thresholds. This dynamic penalty structure rewards efficient liquidators while protecting borrowers who stay near safe LTV levels.

For more details on how liquidation penalties work, see [Position Risk & Liquidations](/docs/products/borrow-lend/position-risk-and-liquidations).