NOTES:

• Previous AUM Cap Raises, with the exception of the $60M raise in March 23rd, where filled in 1 to 2 hours

• March 23 had the biggest raise in size, that took more than 12 hours to fill

• Current April 2nd $50M raise, is not filling nearly as fast and also shows an interesting dynamic of $JLP burning

A few reasons for this AUM Cap raise:

• Pool AUM valuation is impacted by SOL/ETH/BTC price action (Currently these coins represent 65% of the pool)
• Activity and fees have been on a decline for the past 1-2 weeks
• Published APR has dropped to 49.7% and there are signs that users leveraged in the Kamino JLP pool are starting to unwind their positions