> For the complete documentation index, see [llms.txt](https://docs.x.place/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.x.place/xplace/collateral.md).

# Collateral

#### Overview

Collateral is the engine of XPlace. Deposit your crypto, earn daily yield, and automatically unlock a credit line — all powered by Kamino Finance, the leading decentralised protocol on Solana blockchain.

***

#### How It Works

1. **Add funds**— Deposit supported assets
2. **Earn** — Your assets generate daily yield, powered by Kamino Finance
3. **Borrow** — A credit line is instantly unlocked based on Loan-To-Value of your Collateral
4. **Spend** — Use your credit line via the Credit mode, anywhere in the world

Your assets never stop working. They earn yield and back your credit line simultaneously

***

#### Supported Assets

You can deposit:

* **Layer-1 tokens:** SOL – 65% LTV, ETH (wETH) – 70% LTV, BTC (cbBTC) – 70% LTV
* **Stablecoins:** USDT – 80% LTV
* **Liquid staking tokens:** jitoSOL – 50% LTV

***

#### Yield

Yield on Collateral is generated through Kamino Finance, a decentralised lending protocol on Solana. Your assets are deployed into Kamino's Collateral, earning real yield from on-chain borrowing demand.

* Yield accrues hourly and is reflected in your balance in real time
* Rates vary by asset and market conditions
* You earn yield even while your assets are acting as collateral

***

#### Security

All deposits are managed **entirely by smart contracts** and underlying **lending protocols** on the Solana blockchain.

***

#### Summary

| Action            | Result                                     |
| ----------------- | ------------------------------------------ |
| Deposit crypto    | Earn daily yield                           |
| Use as collateral | Get Credit Power (50%–80% of deposit)      |
| Withdraw anytime  | Funds released from smart contract         |
| Security          | 100% on-chain, XPlace has no direct access |


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.x.place/xplace/collateral.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.