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Steel lattice -- industrial infrastructure.
LiquidationCover
Absorbs part of a lending liquidation on Marginfi, Kamino or Solend.
Pool TVL
$1.52M
Active
214
Triggered
4
Base APR
4.1%
How this cover triggers
1
Subscribes to Marginfi, Kamino and Solend liquidation events for the holder's account.
2
When a covered position is liquidated, a configurable share of the realised loss is paid from the pool.
3
Pyth price at the liquidation slot anchors the loss computation.
Trigger
Liquidation event on a covered lending position.
Oracle
Protocol liquidation event + Pyth
Payout
Configurable cover ratio of the realised loss.
Parameters
- Venues
- Marginfi / Kamino / Solend
- Cover ratio
- configurable 25% – 80%
- Oracle
- event + Pyth price
- Reference
- Sherlock audit-grounded cover