According to Jinse Finance, Solana lending platform Kamino announced on X platform that during the market volatility in June, Kamino only processed liquidation of about $1.4 million, while the total borrowing amount exceeded $600 million. In June, Kamino processed over 2,500 liquidations in total. Kamino’s soft liquidation mechanism aims to prevent borrowers from going bankrupt, and only about 20% of the value of user collateral is liquidated. The largest liquidation in June involved collateral worth more than $70,000. Most liquidations involved collateral worth less than $20,000.
- The total transaction fees paid by the liquidator, who processed nearly 800 liquidations on the day of the maximum loss, is ~0.26 SOL, which is about $40.
- Transaction fees for each settlement - In June, the fees for almost all transactions were 0.001 SOL or lower.
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