Kamino's AUTO Market fixed-rate lending product exceeds $20M in total loans.
DeFi & Yields ·
Kamino's AUTO Market has surpassed $20M in total fixed-rate loans, with its Fixed Rate Multiply product leading the expansion. Fixed Rate Multiply enables borrowers to obtain one-click leverage paired with a defined cost of capital, addressing a core mechanic in onchain lending where interest rates are typically variable or subject to market volatility. The milestone reflects growing adoption of fixed-rate borrowing instruments on Kamino, though specific details about the composition of loans across different collateral types, maturity terms, or user cohorts remain undisclosed. The exact pace of growth and whether $20M represents a plateau or an inflection point in the product's trajectory is not yet clarified.