Liquidity depth per major asset
Kamino Lend's assessment for RD-F-065 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No 2%/5% slippage depth data retrieved for collateral basket. SOL is deep-liquidity; LSTs and JLP are shallower. Liquidation stress tests show system functioned in -21% SOL drawdown.
Detail #
Kamino Lend is a lending protocol; liquidity depth (Factor 065) applies to the ability to liquidate collateral positions via DEX routes. No formal 2%/5% slippage depth data retrieved for the collateral asset basket. Key observations: (1) SOL (~$574M supply) is the highest-liquidity Solana asset, deep market depth expected. (2) LSTs (jitoSOL, mSOL) are somewhat shallower but have active redemption mechanisms. (3) JLP (Jupiter perp LP token) has specialized liquidity tied to Jupiter perp pools — 64% of Apr 2025 liquidations were JLP-collateral, $10.2M, completed without bad debt. (4) Feb 2026 stress test: at -30% shock, $606M collateral at risk / $50.5M potential bad debt suggests liquidation infrastructure is adequate but not stress-proof at extreme moves. Grading yellow due to JLP liquidity risk and absence of formal 2%/5% slippage data.
Sources #
- GovernanceKamino Lend Risk Event Analysis April 2025Kamino Lend Apr 2025 Risk Event — JLP 64% of liquidations, zero bad debtretrieved 2026-04-27
- Kamino Lend Monthly Risk Insights February 2026Feb 2026 Risk Report — stress test: -30% shock $50.5M potential bad debtretrieved 2026-04-27
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →