Kamino Launches sUSDai Collateral Market on Solana With GPU-Loan Link

The design choice worth noting is the gap between the 80% borrow limit and the 85% liquidation threshold — a deliberately thin buffer that leaves little room for collateral price slippage before positions unwind. That matters because sUSDai's backing is GPU-backed loans, an asset class whose marks are neither continuous nor publicly verifiable in the way a liquid token's are. The market's real test is whether that five-point cushion holds through a stressed mark, and who absorbs the gap if it doesn't.