Post by SherkhanMM about Kamino ($KMNO)

$KMNO

Went through Kamino's new AUTO/wYLDS fixed-rate Multiply page (simulator and info tabs, no wallet connected). Numbers shown: max leverage 4.5x, Max LTV 78%, liquidation LTV 80%, average leverage taken 3.74x, borrow 5.75% fixed for a 30-day term, 2.00M liquidity available, AUTO/wYLDS oracle at 1.02.

The math that the page doesn't show: at 4.5x the starting LTV is ~77.8%, so a ~2.8% drop in the AUTO/wYLDS oracle reaches the 80% liquidation LTV. At the average 3.74x the buffer is ~8.4%. Since AUTO is backed by consumer auto loans, the realistic risk is not daily volatility but a NAV markdown after defaults.

Questions:

1. Is the AUTO oracle NAV-based (reported by Hastra/Figure), how often does it update, and what is the largest single markdown so far?

2. Before the 3-day rollover window, is the next fixed rate shown in advance? And what is the exact auto-repay fee formula if a position can't roll?

Suggestion: show "price drop to liquidation" next to the leverage slider. Small thing: the Multiply page's browser tab title still reads "Solana Concentrated Liquidity Layer".