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Kamino Protocol Reports Zero Bad Debt After $5.5M Liquidation Event
11/24/2025, 21:06
AI SUMMARY
●• Kamino processes $5.5M in liquidations with zero bad debt incurred
●• System resilience proven during 14% drop in Solana price last week
●• Median user loss contained to 0.08% of position size during the event
Solana-based lending protocol Kamino has released a detailed overview of the liquidation events that occurred between November 19-21, during which the price of SOL dropped by 14%. The protocol processed $5.5 million in liquidations across over 4,000 events with zero resulting bad debt.
The report indicates that the system functioned as designed, with the median user loss limited to just 0.08% of their position size despite the significant market deleveraging.