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Loan's Three Solana Borrowing Markets Use Pyth Collateral Pricing

The markets are designed for USD Coin loans, but all three showed “Cap reached” when checked.

Mentioned assets
Three collateral tokens sit in a metal lending tray beside a price gauge / TokenPost.ai
Three collateral tokens sit in a metal lending tray beside a price gauge / TokenPost.ai

Three Solana borrowing markets on Loan use Pyth pricing to value dogwifhat (WIF), Pump (PUMP) and Wrapped SOL (WSOL) collateral for USD Coin (USDC) loans, linking loan limits and liquidations to each asset’s price.

Loan lists the three markets under Solana and labels them “Powered by Pyth.” Each market accepts one collateral token and has its own loan-to-value ratio, which limits borrowing relative to collateral value, and a threshold at which liquidation can begin.

All three markets showed “Cap reached” when checked. They are structured for USDC borrowing, but the listings did not show capacity for new loans at that point.

Loan values collateral using time-weighted prices. Those prices affect both the value assigned to a borrower’s collateral and whether a position reaches its liquidation threshold. A liquidation closes the position in the affected market without closing positions or changing balances in other markets. Borrowing, lending and withdrawals are temporarily locked while the liquidation runs.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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