Because Institutional Yield loans exist off-chain, the transparency framework is designed to give depositors as much visibility as possible into the health and composition of the loan portfolio, through multiple independent channels.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.
Real-time loan data
The lending operation provides per-loan data directly from its systems. This data is sourced from an industry-standard loan management and collateral tracking platform used by major institutional counterparties.What depositors can see
| Data point | Granularity | Source |
|---|---|---|
| Collateral asset | Per loan | Lending operation |
| Loan amounts | Per loan | Lending operation |
| Collateral value | Per loan (collateral value at current market price) | Lending operation |
| LTV per loan | Per loan | Calculated from loan amount and collateral value |
| Portfolio-weighted average LTV | Aggregate | Calculated from per-loan data |
| Number of active loans | Aggregate | Lending operation |
| Total collateral value | Aggregate | Lending operation |
Monthly attestation
An independent accounting firm conducts monthly attestations of the Institutional Yield portfolio. The attestation covers:- Loan balances outstanding — total and per-loan amounts verified against the lending operation’s records
- Collateral coverage ratios — independent verification that collateral values match reported positions
- Portfolio health metrics — assessment of overall portfolio status
Additional oversight
The lending operation also reports to the Financial Market Authority (FMA) in Liechtenstein, providing additional regulatory oversight beyond the independent attestation.Comparison to other institutional lending products
| Mechanism | Kamino Institutional Yield | Typical off-chain lending |
|---|---|---|
| Per-loan data | Available — loan amounts, collateral values, LTV per loan | Rarely disclosed |
| Real-time data | Continuous feed from lending operation systems | Usually monthly or quarterly reports only |
| Independent attestation | Monthly (independent accounting firm) | Quarterly or annual |
| Regulatory oversight | Top-tier jurisdiction (FMA) | Typically unregulated |