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The Vault
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🚨 DeFi liquidity stress spreads to Solana
Following the KelpDAO rsETH hack, Kamino’s Prime Market USDC (~$178M) reached 100% utilization with zero available liquidity. Supply APY climbed to 8%.
This appeared to be yield-seeking capital flowing into Solana amid EVM chain turmoil, but the rapid borrowing created temporary liquidity pressure.

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