Kamino Launches Solana Market for GPU-Linked USDC Loans

Kamino has launched a new market on the Solana blockchain that allows users to borrow USDC (US Dollar Coin) against their GPU-loan-linked sUSDai collateral.

The market, curated by Allez Labs, offers borrowers up to 80% loan-to-value ratio, meaning they can receive up to 80% of the value of their collateral in USDC loans.

Liquidations will start at 85%, which is higher than many other DeFi lending platforms. This means that if a borrower's collateral falls below 85% of its initial value, they risk losing some or all of their borrowed funds.