FIELD NOTES / 001 / LOANGAP
The space before liquidation.
A borrowing limit tells you where a position can end. LOANGAP asks a more useful question: how much room have you left before you get there?
Start with the gap, not the maximum
A lending interface can make borrowing feel like a capacity problem: enter collateral, see a number, use the available amount. But available capacity and a resilient position are different things. LOANGAP is a small Solana scenario planner built around that difference. It puts the distance to a selected liquidation threshold next to the debt amount, before any wallet interaction. The name comes from the space between a loan and its limit.
What the tool does today
Choose SOL, JupSOL, cbBTC or USDC as a reference asset. Enter a collateral quantity and a starting loan-to-value ratio. The app calculates collateral value, modeled USDC debt, a liquidation reference price and a price buffer. Public Kamino oracle prices can be refreshed; a manual USD price is also available. The liquidation threshold and borrowing APR are editable assumptions. They are not a live offer, a market-specific borrowing limit or a promise that the asset is accepted in a particular lending market.
A position you can check by hand
Imagine 100 SOL at an assumed price of $100. That is $10,000 of collateral. At a starting LTV of 30%, the modeled debt is 3,000 USDC, assuming $1 per USDC. Set the hypothetical liquidation threshold to 80%. Before interest, the model reaches that threshold when each SOL is worth $37.50: $3,000 divided by 100 SOL and then by 0.80. The modeled price buffer is 62.5%. It describes this simplified position, not a guaranteed execution boundary.
Move both sides of the balance sheet
A falling collateral price is only one source of pressure. Debt can accrue interest, and its USD reference value can change. The stress-test controls let you reduce collateral price, increase the USDC reference price and include or exclude modeled interest. In the example above, a 20% collateral fall produces $8,000 of collateral and 37.5% LTV before interest. With a constant 8% APR for 30 days, simple interest adds about 19.73 USDC; the stressed LTV becomes about 37.75%. A 20% fall in collateral does not mean a 20-percentage-point increase in LTV.
Know what is inside the model
Starting debt equals collateral quantity times its USD reference price times starting LTV. Interest uses a simple constant APR multiplied by days divided by 365. The scenario then applies the selected price shocks. The model excludes compounding, protocol fees, liquidation bonuses, debt risk weights, collateral yield, execution slippage and changing market terms. Actual protocols can use market-specific rules and oracles. A live position can behave differently from this calculator.
Why this matters around memecoins
Memecoin activity often sits next to a broader Solana portfolio: SOL, stablecoins and other assets supporting the next decision. LOANGAP does not pretend every memecoin is borrowable collateral. It gives that broader capital decision a visible stress test. Raising the assumed starting LTV closes the gap. Changing an assumption should change the plan, not disappear behind a polished number.
Take the assumptions with you
Export the scenario as JSON to keep the inputs, results, price source mode and timestamps together. No wallet connects and no loan is opened. The site does not collect a lending fee, route an order or hold funds. Any actual borrowing happens in the protocol you independently choose after checking its current terms. No LOANGAP token or contract address has been announced.
A tool for thinking before signing
The useful output is not a green light. It is a clearer explanation of what would have to change for the position to become pressured. Leave the inputs visible. Test an unpleasant scenario. Keep the room you intended to keep.
Sources and technical references: Kamino API reference, Kamino: token volatility and liquidation risk.
Independent product notes. Educational information, not financial advice. Memecoins can lose all value.
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