Marius | Kamino(@y2kappa):Most important question for loopers: what happens upon expiry? In a nutshell: roll over if liquidity supports, otherwise unwind enough to satisfy lender requests, then roll over the remaining. Most loans will simply be rolled over - to same or better fixed rate, or to variable, if the borrower chose so. When liquidity is not available for a roll over, we unwind just enough to satisfy the queued withdrawals and then roll over the remaining of the debt. For a token like AUTO, unwind to YLDS is without slippage, so the expiry is painless. This the most elegant design we could think of. It feels open term.

Marius | Kamino

@y2kappa

cofounder @kamino | @solana bear market survivor | prev @Bloomberg | views are my own

参加 October 2014

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Marius | Kamino@y2kappa

2026.09.25 22:56

Most important question for loopers: what happens upon expiry? In a nutshell: roll over if liquidity supports, otherwise unwind enough to satisfy lender requests, then roll over the remaining. Most loans will simply be rolled over - to same or better fixed rate, or to variable, if the borrower chose so. When liquidity is not available for a roll over, we unwind just enough to satisfy the queued withdrawals and then roll over the remaining of the debt. For a token like AUTO, unwind to YLDS is without slippage, so the expiry is painless. This the most elegant design we could think of. It feels open term.