Underkeel

Exit depth / JitoSOL/USDC 62.5%

Market · Morpho Blue on Base · snapshot

JitoSOL / USDC 62.5%

loss from $200k

Selling $200k of JitoSOL costs 18.6%, more than the 12.7% bonus: a single liquidation of that size loses money; it has to be split across blocks. Up to $25k the sale costs 1.0% and clearance stays positive.

borrowed
$3.9M
in this market; LLTV (liquidation loan-to-value) 62.5%
liquidation bonus
12.7%
fixed by the LLTV
clearing size
$25k
largest measured size with positive clearance
clearance at $1M
<-37 pp
bonus minus exit cost, all sources

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Exit cost against the bonus

Clearance by size

Exit cost against sale size, JitoSOL/USDC, LLTV 62.5%Exit cost with all sources at $25k: 1.0%; $200k: 18.6%; $1M: >50%. Liquidation bonus 12.68%.0%10%20%30%40%50%$25k$200k$1Msize of the sale (USD, log scale)above the bonus: a single liquidation loses moneybonus 12.7%LLTV 62.5%0.0%17.3%1.0%18.6%>50%
Exit cost against sale size, JitoSOL/USDC, LLTV 62.5%Exit cost with all sources at $25k: 1.0%; $200k: 18.6%; $1M: >50%. Liquidation bonus 12.68%.0%10%20%30%40%50%$25k$200k$1Msize of the sale (USD, log scale)above the bonus: loss12.7%bonus0.0%17.3%1.0%18.6%>50%

Source: KyberSwap Aggregator API, Morpho API · snapshot 2026-11-14 21:23 UTC

Solid line: best route, all sources including RFQ market makers (a square marks a loss). Dashed line, diamonds: on-chain pools only, drawn where it differs. Hatched: the sale costs more than the bonus. Three sizes are measured; the lines between them are a guide, not a measurement. A diamond on the top edge is off the scale; its value is written next to it.

Exit cost and clearance by sale size
SaleAll sourcesClearanceOn-chain onlyClearanceStatus
$25k1.0%+11.6 pp0.0%+12.7 ppclears
$200k18.6%-5.9 pp17.3%-4.6 pploss
$1M>50%<-37 pp>50%<-37 pploss

Clearance: bonus minus exit cost, in percentage points (pp). Positive - room for a liquidator; negative - a single liquidation of that size loses money and has to be split across blocks. Terms.

Venues

Where the sale goes

$25k
uniswapv3 66%pancake-v3 34%
uniswapv3 66% AMM pool · pancake-v3 34% AMM pool · RFQ share 0%
$200k
uniswapv3 96%
uniswapv3 96% AMM pool · pancake-v3 4% AMM pool · RFQ share 0%
$1M
uniswapv3 100%
uniswapv3 100% AMM pool · RFQ share 0%
AMM poolRFQ market maker (pmm-N: numbered by the aggregator)market-maker pool or vault

Share of the collateral each venue takes on the route's first hops (out of JitoSOL); later hops, such as WETH into USDC, are not shown. pmm-N are RFQ (request for quote) market makers KyberSwap identifies only by number.

Collateral near liquidation

Positions close to liquidation

health factor below 1.1
$745k
within 10% of liquidation
between 1.1 and 1.25
$1.7M
within 10-20% of liquidation
health factor below 1.25
$2.4M
within 20%, includes the 10% band

Collateral of the market's positions by health factor (Morpho API). It is spread over positions of different sizes; a large position is liquidated in parts across blocks, which this site does not measure.

Liquidations

This pair, last 30 days

585 liquidations of JitoSOL/USDC on Morpho Blue, Base, over the last 30 days (all LLTVs together): $109k of bonus, 100% of it through Chainlink SVR (Smart Value Recapture) auctions. Liquidations.

For curators

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A review measures JitoSOL/USDC 62.5% at the sizes of your own positions, adds a 10% and a 20% fall in the price and shows the venue split. The first one is free and private to you.

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Cite

Cite or quote this market

Cite as: Underkeel, Clearance v2, JitoSOL/USDC 62.5% on Morpho Blue, Base, snapshot 2026-11-14T21:23Z, data sha256 81b87af3. https://underkeel.xyz/markets/jitosol-usdc-62-5.html

Quote this: Underkeel (Clearance v2, snapshot 2026-11-14 21:23 UTC): selling $200k of JitoSOL into USDC costs 18.6% against a 12.7% liquidation bonus on JitoSOL/USDC 62.5% on Morpho, Base - clearance -5.9 pp; clearing size $25k. One liquidation in one transaction. https://underkeel.xyz/markets/jitosol-usdc-62-5.html

Raw data: data/exit-depth.json; how it is measured: Method; how to cite: Method.