Add as a preferred source on GoogleLoan's Three Solana Borrowing Markets List $575,000 in Combined Caps
All three Pyth-priced markets are marked “Cap reached,” though the caps include pending loans and accrued interest.
Loan’s three Solana borrowing markets use Pyth collateral pricing and carry a combined $575,000 borrowing cap, with each market listed as “Cap reached” under different collateral and liquidation rules.
The three Solana borrowing markets let users borrow USD Coin (USDC) against dogwifhat (WIF), Pump (PUMP) or Wrapped SOL (WSOL). The WSOL market has a $350,000 cap, the PUMP market a $150,000 cap and the WIF market a $75,000 cap.
Borrowers can take out loans worth up to 70% of their collateral’s value in the WSOL market, 62% in PUMP and 49% in WIF. Loan uses time-weighted prices to value the collateral. Liquidation can begin when a loan reaches 75% of collateral value for WSOL, 70% for PUMP or 60% for WIF. Positions in the three markets are liquidated separately.
The “Cap reached” labels do not mean the full $575,000 has been borrowed. Loan counts outstanding debt, accrued interest and pending loans toward each market’s cap.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.