BlockBeats news, on April 20, following the KelpDAO rsETH hack, chain-wide DeFi ecosystem ripple effects began to emerge, with stablecoin borrowing rates and utilization rates rising across multiple lending protocols in the Solana ecosystem, including:
On Jupiter Lend, the USDC supply is $421 million, with $340 million lent out. After excluding protocol reserve liquidity, utilization has surged to approximately 99%, leaving almost no available liquidity; the borrowing rate is currently at 4.36%.
On the Kamino Prime Market, the total supply of USDC is approximately $186.8 million, with approximately $178.8 million borrowed, resulting in a utilization rate of nearly 96%, and the current borrowing interest rate is 8.92%.
On Kamino Main Market, the total supply of USDC is approximately $172 million, with about $164 million borrowed, resulting in a utilization rate of approximately 95.75%. The current borrowing interest rate is 10.2%.
Save Finance (formerly Solend) loan utilization has risen above 70%, with the loan interest rate currently at 3.9%.
The utilization rate for USDC lending on Marginfi has risen to 88.32%, with the lending rate currently at 7.65%.