Kamino: Total borrowings in June exceeded $600 million, and liquidations were only $1.4 million

Odaily Planet Daily News Solana lending platform Kamino posted on X platform that during the market turmoil in June, Kamino only processed about $1.4 million in liquidations, while the total borrowing amount exceeded $600 million. In total, 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. Total transaction fees paid by liquidators. On the day with the largest loss, nearly 800 liquidations were processed. Total transaction fees: ~0.26 SOL, about $40; 2. Transaction fees for each liquidation - Almost all transactions in June cost 0.001 SOL or less.