@AllezLabs profile picture
Allez Labs @AllezLabs
Joined June 2024
  • Posts 765
  • Following 141
  • Followers 1,666
330 Photos and videos
Vault stayed PYUSD-heavy, reflecting the same rotation: → @SentoraHQ Ethena PYUSD Prime: $250.3M (new) → @SentoraHQ PYUSD: $142.3M (-26.7%) → @RockawayX RWA USDC: $26.0M (-40.3%) → @SteakhouseFi USDC: $22.5M (-26.5%) → @AllezLabs USDC: $16.0M ( 23.0%) The new PYUSD Prime vault funds the Ethena Multiply strategy; the prior USDG Ethena Prime shrank to $7.5M.
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The June headline liquidation count is one early-June cascade: 47,478 of 48,905 events over Jun 3-6, tied to the SOL drawdown. These were tiny partial fills that trimmed leveraged positions back toward health (avg $118), not large forced closures. Activity subsided as SOL steadied.
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Full breakdown, including the SOL liquidation cascade and on-chain exit-depth stress test, is in the report. Full report: allez.xyz/reports/kamino/kam…
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Monthly @kamino Lend Insights - June 2026 June was a broad contraction month. Total supply fell -14.4% to $2.29B as SOL slid through early June and the book deleveraged in an orderly way. Continues
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The market map: Ethena is now Kamino's #2 market at $528.5M ( 9.4%), behind Main at $887.7M (-20.6%). Ethena, OnRe and Solstice continue growing. The more established books led the contraction: Main -20.6%, Prime -26.8%, Maple -29.1%.
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The month's headline capital shift was the @Ethena market moving its borrowed stablecoin from USDG to PYUSD, an incentive-driven swap. → PYUSD in: $197.8M → USDe in: $39.2M → USDG out: -$243.4M → USDC out: -$87.4M A near-mirror swing on both the supply and debt sides.
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Every category contracted on the supply side: → Stablecoins: 47.8% (-8.6%) → LSTs: 19.2% (-16.5%) → RWAs: 18.0% (-19.6%) → SOL: 10.4% (-11.4%) → BTC: 2.5% (-48.2%) Stablecoins held the largest share, but LSTs and RWAs fell hardest and BTC nearly halved off a small base.
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SOL opened June near $81 and fell to a $62.5 trough on June 5 before rebounding to $73.54, still below May's close. Supply tracked it lower and did not recover when price did: balances kept sliding into month-end even as SOL bounced.
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Kamino Lend June snapshot: → Supply: $2.29B (-14.4%) → Debt: $0.94B (-13.4%) → SOL: $82.45 -> $73.54 (-10.8%) → Volume: $4.82B ( 28%) → Interest: $4.11M (-23%) → Liquidations: 48,905 Balances contracted across every category. The liquidation count looks huge but is one early-June cascade of tiny partial fills, covered below.
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The @HyperliquidX Market is now live on @Kamino. Supply @sunrise $HYPE as collateral, borrow USDC against it. Initial HYPE deposit cap: 100,000 HYPE (~$6.25M) 👇
Kamino
@kamino
Jul 2
Introducing the HYPE Market on Kamino, curated by @AllezLabs. Supply $HYPE, the native token of @HyperliquidX, as collateral and borrow USDC in a fully isolated market natively on Solana.
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As risk curator, Allez Labs sets the HYPE Market's parameters directly, calibrated to HYPE's liquidity depth and collateral quality. Parameters may adjust as the market matures.
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$HYPE is volatile; supplying carries smart-contract, liquidation and market risk. Not investment advice, not a guaranteed return. Get your own Kamino Market allez.xyz/markets

Allez Labs | DeFi Risk & Strategy

Institutional-grade risk infrastructure, analytics, and strategic advisory for decentralized finance.

allez.xyz
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Steady lads, we are raising the cap limit! @solsticefi Yield Looping Vault has crossed $2M TVL and capacity just increased. Let's take a look at the strategy details 👇
Allez Labs
@AllezLabs
Jul 1
Replying to @AllezLabs
So we did. aUSX is our curated @SolsticeFi Yield Looping Vault, on @ExponentFinance @Kamino: → TVL at its $2M cap. → Deployed to PT-USX PT-eUSX Kamino looping. Looping just with eUSX, and ramping up this week with the PTs. Vault is on: app.exponent.finance/en/stra…
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The vault began looping eUSX on @kamino and will start looping PTs soon. Current holdings: → 69% PT-USX via @ExponentFinance → 23% USX via @solsticefi → 8% non-allocated and instant liquidity
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Details at allez.xyz/vaults/aUSX
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🥇 USX by @SolsticeFi has quietly become one of Solana's fastest-growing dollars. 2026 so far: 67% YTD to $510M.
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For those with lower risk appetite there's Allez USX, a USX lending vault on @kamino: → Today supplies to the single USX reserve. → Ready to lend across other Solstice products. With $30k in USX incentives over the coming months. Access vault: kamino.com/earn/lend/allez-u…

Kamino | Solana DeFi Protocol

Kamino is an open source credit and liquidity protocol built on Solana. The protocol enables institutions and retail users to generate returns on their assets and borrow against their crypto collat...

kamino.com
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Capital at risk: smart-contract, leverage, market and fee risk. Crypto is unregulated. Not available in the EU/EEA. Full strategy, allocation and risks on the factsheet: allez.xyz/earn/aUSX

Allez Labs | DeFi Risk & Strategy

Institutional-grade risk infrastructure, analytics, and strategic advisory for decentralized finance.

allez.xyz
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