Risk assets stabilize after morning selloff, Solana lending rates firm near 8%

Risk assets stabilize after morning selloff

Risk assets stabilize after morning bond-driven selloff After the morning slide that took BTC below $79,000 (see morning edition), majors recovered modestly through the afternoon as long-end Treasury yields eased back from session highs. The setup is fragile: equity vol remains elevated and the bond selloff is being read as a macro liquidity event, not crypto-specific. SOL outperformed BTC on the bounce, consistent with weekend positioning patterns where institutional desks are less active.

Staking flows hold positive despite price action Spot data on Solana staking products through the afternoon shows net inflows remained positive even on a down-tape session. That continues the pattern we flagged this morning — allocators are sizing on infrastructure, not price. Worth watching whether the trend holds into next week, when traditional allocator desks resume full activity.

Lending utilization on Solana ticks higher USDC utilization rates across the major Solana lending venues moved up through the afternoon as the price drawdown drove demand for stablecoin liquidity. Kamino's USDC supply APY firmed near 8.2%, with Loopscale slightly above. Borrow-side spreads widened, consistent with reduced risk appetite. None of the major protocols showed stress on liquidation queues.

Numbers (afternoon update)

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