Kamino has launched a dedicated Backpack Market on Solana that allows eligible users to deposit selected Backpack Securities tokenized equities as collateral to borrow USDC. The initial assets represent Micron, SK Hynix, SpaceX and SanDisk, and are backed one-to-one by securities or security entitlements within Backpack’s regulated structure. Kamino and Allez Labs manage the lending terms, loan-to-value limits, liquidation thresholds and pricing infrastructure of the isolated market. Borrowing capacity varies according to each asset’s liquidity and oracle coverage, while price gaps during traditional market closures remain a key liquidation risk.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
