DeFiBearishBlockonomi · 4h ago7/10
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Solana DeFi Protocols Hit Critical Liquidity Levels After KelpDAO Security Breach
KelpDAO suffered a security breach that drained significant liquidity from Solana's DeFi ecosystem, triggering a cascade of critical stress across major lending protocols. Jupiter Lend reached 99% utilization while Kamino and Marginfi experienced borrowing rates exceeding 10% as USDC liquidity evaporated, exposing systemic vulnerabilities in interconnected DeFi platforms.
$SOL