2022-6-21 15:05 |
Solana-based decentralized finance protocol Solend backtracked on its initial proposal to take over a whale’s wallet by allowing users to vote on whether it should proceed or find another solution. origin »
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On 19 June, Solend Protocol, a DeFi network used for borrowing and lending crypto-assets such as Solana [SOL], was hit by a liquidation crisis. The crisis came around due to fears of liquidation that The post Solend Network: Will a new vote, proposal mean differing fortunes for SLND appeared first on AMBCrypto.
2022-6-20 11:30 | |
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Solend, a Solana-based lending platform with over $1 billion in deposits, has voted on a governance proposal to take over a whale’s account so that funds can be withdrawn instead of automatically liquidated on the open market.
2022-6-20 00:54 | |
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Solend is a DeFi lending and borrowing protocol on Solana, noted for its high scalability and composability.
The Solana network has been growing in popularity among decentralized finance (DeFi) enthusiasts. The success of many projects on the platform has drawn developers to it and with the developers have come to the investors.
Its the latest major controversy to arise due to rocky conditions in the cryptocurrency market. Solend Exposes DeFi Governance Flaws Solend is facing its biggest PR disaster yet after it...
If Solend is unable to take over the account, some believe that it could cause a meltdown, driving SOL’s price to zero.