+ Something big just changed on Kamino’s @solsticefi Market and most people are confused instead of prepared.

Here’s what’s actually happening;
• New PT maturities are now live for 1JUN26
That means PT-USX and PT-eUSX can now be used as collateral again and the whole fixed-yield structure resets around a new timeline.
and the same time, the 9FEB26 maturities expire Monday
Important part most people miss: positions do NOT auto-roll. If nothing is done, they simply settle.
• After maturity, a migration path will be provided into the new 1JUN26 setup , so this isn’t “new farming hype”, it’s a transition phase.
• What really matters here isn’t the APY numbers
It’s understanding how PT and YT behave when maturities change and why the yield conditions are different this time.
• Also don’t ignore risk
Using PT as collateral + looping works only if you understand timing, maturity, and how spreads change.
Otherwise it can go wrong fast.
Note: this isn’t about telling people what to do,
It’s about helping the community understand what just changed before they react blindly.