RWA Sonar
← All protocol dossiers

Source fetched 2026-09-26T00:55:53Z

METAx × Kamino

Configuration was decoded for this exact token Evidence for this stage was checked 2026-09-26T00:55:51Z. The protocol or product source names this exact token. Configuration decoding is not execution proof.

Source-described use: Post this exact mint as collateral in a configured Kamino market and borrow an eligible debt asset against it.

Open METAx token report · Open xstocks-backed issuer dossier

Exact token and source-described action

Solana token address
Xsa62P5mvPszXL1krVUnU5ar38bBSVcWAB6fmPCo5Zu
Actions described by source
collateral, borrow
Source-reported integration status
live
Access limits
Issuer eligibility and the protocol’s geographic restrictions apply; direct issuer redemption remains KYC-gated.
Direct links
Open market / product ↗ · Protocol documentation ↗

Proof status: a source listing does not prove execution

Achieved proof stage
decoded
Source proof status
exact-token-registry
Source fetched
2026-09-26T00:55:53Z
Activity observed
Reported market metrics, if shown, are source-reported parameters or activity indicators, not independently executed trades.
Account existence
checked (2/2 referenced accounts)
Configuration decoded
Performed — Reserve risk configuration (status, maximum LTV, liquidation threshold, liquidation bonus) of 1 collateral reserve read from the chain; debt-side terms and executions are not decoded. Decoded at slot 450519999 with stocks/lib/kamino-accounts.mjs (offsets verified against @kamino-finance/klend-sdk 12.0.0).
Read-only execution simulation
Not performed

Source evidence

Referenced accounts and owners

RoleAddressExistence checkExpected ownerObserved program owner
collateral-reserveAJPrye7NZGex2rUZhRwiAPJYxai1Ptb7DNWR3yYjtk3GexistsNot establishedKLend2g3cP87fffoy8q1mQqGKjrxjC8boSyAYavgmjD
lending-market5wJeMrUYECGq41fxRESKALVcHnNX26TAWy4W98yULsuaexistsNot establishedKLend2g3cP87fffoy8q1mQqGKjrxjC8boSyAYavgmjD

The source data records observed owners. Where the source publishes no expected owner, the expected owner is not established. Account existence and owner confirm the published reference; they do not decode configuration or prove that a user action can succeed.

Recorded parameters

Maximum LTV
35%
Liquidation LTV
45%
Liquidation penalty
Not reported
Configured / observed size
$0.75
24 h volume
Not reported
24 h transactions
Not reported
Oracle
Not reported

Markets and configured addresses

Custody and default outcomes

Borrower default / seizure

The lender can seize and sell; redemption is gated

The token is a transferable bearer ledger-based security, so the contract can transfer or sell it after default while the mint is open. Direct redemption for cash is not autonomous: the lender must pass KYC/AML and the issuer may reject a request on negative findings.

Protocol hack custody

Clawback may reverse a theft

The permanent delegate and pause authority can technically contain or reverse a hacked transfer. Assistance is discretionary rather than a protocol right, and the same powers can reverse the protocol's own custody or liquidation outcome.

Access or key loss

Issuer action can rescue a stranded token

The permanent delegate can technically move or burn a balance in an inaccessible account. A replacement or redemption still depends on the issuer accepting the claimant, completing compliance checks and exercising that power.

These conclusions come from the issuer and control recipe from the matched legal template. They are not protocol simulation results.

Lender exit after receiving the token

Conditional market exit — A source-listed collateral market and observed on-chain pool indicate a possible route, but execution was not independently tested and issuer controls, transfer conditions, or thin liquidity may prevent full realisation.

Observed DEX liquidity
$870,870.58
Issuer redemption established
yes
Key limit
Possession of the token does not itself establish eligibility, issuer recognition, redemption access, or enough executable market liquidity.