# Kamino Vaults Overview

Kamino Lending Vaults deploy funds across Kamino Lend Markets, with automatic rebalancing strategies run by curators like Gauntlet. We employ our robust curation framework to drive optimized lending yields for suppliers in our vaults.

### Supplier

Users seeking yield can supply assets into Gauntlet-curated Kamino Vaults. Those assets are then deployed across Kamino Lend markets and are accessible to borrowers who deposit collateral and pay a borrow APY.

### **Curator/risk manager**

As curator, Gauntlet runs yield strategies on our vaults and oversees the risk management of each vault. We define the vault’s allocations and diligence new markets. As curator we can take the following actions:

* **Allocate user supply** across Kamino markets
* **Manage supply caps** for different markets to manage risk and optimize yield. Caps define how much of a single vault’s supply asset can be allocated to a specific market.
* **Set vault fees** to earn a proportion of the interest
* **Real-time risk management** on allocations (deallocating from markets when warranted) to drive vault sustainability, and continuous due diligence on allocated markets based on our risk criteria.

In line with their non-custodial nature, all supply and withdrawal transactions can only be completed by the user.


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