Liquidity depth per major asset
Save (formerly Solend)'s assessment for RD-F-065 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Lending protocol — DEX 2%/5% slippage depth not primary metric. Liquidation depth proxy: Nov 2022 SOL congestion event demonstrated that SOL collateral ($32.6M) against a $29.7M USDC loan could not be fully liquidated due to network congestion, resulting in $6M bad debt. Long-tail isolated pools (Stable, Coin98, Kamino) had insufficient on-chain liquidity to resist oracle manipulation (Nov 2022 USDH exploit: $1.26M). Main pool has deeper liquidity; isolated pools are thin.
Sources #
- URLDeFi Protocol Solend Struck by $1.26M Oracle Exploit — CoinDeskCoinDesk: Solend Nov 2022 $1.26M oracle exploit — isolated pools thin liquidity enabled USDH manipulationretrieved 2026-05-17
- Solend accrues $6 million in bad debt from a single underwater loan — The BlockThe Block: Solend accrues $6M bad debt from single underwater SOL loan; congestion prevented timely liquidationretrieved 2026-05-17
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →