Kamino, a Solana lending platform, said in a post on the X platform that during the market turmoil in June, Kamino only processed about 1.40 million US dollars in liquidations, while the total amount of borrowings exceeded 600 million US dollars. A total of more than 2,500 liquidations were processed in June. Kamino's soft liquidation mechanism is designed to prevent borrowers from going bankrupt, and only about 20% of the value of user collateral was liquidated. The largest liquidation in June involved collateral worth more than $70,000. Most liquidations involved collateral worth less than $20,000.
1. The total transaction fee paid by the liquidator, which handled nearly 800 liquidations on the day with the largest loss. Total transaction fee:~ 0.26 SOL, which is about $40;
Transaction fees per clearing - Fees on almost all transactions in June were 0.001 SOL or less.
Kamino: June liquidation was only $1.40 million, total borrowing exceeded $600 million
2024-07-02 09:26:53
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