Kamino Finance Cuts Liquidation Penalties by 90% as Jupiter Lend Expands

Kamino Finance announced a 90% reduction in liquidation penalties, coinciding with Jupiter Exchange’s lending platform gaining greater market traction.

JUP

Summary

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Terms & Concepts
  • Liquidation Penalty: A fee imposed on borrowers when their collateralized loan position is liquidated due to insufficient collateral.
  • Lending Protocol: A decentralized finance platform where users can lend or borrow assets, often involving collateral and interest rates.
  • Market Share: The portion of total trading or lending activity controlled by a specific platform in the cryptocurrency ecosystem.