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Solend Safeguards Its Users And Funds, As Whale Takes In-Charge! But Is Solana (SOL) Now In A Bigger Trouble?

coinpedia.org

  The folks from the crypto town have been probing the credibility of Solana, ever since it had its first DDoS attack. Fast forward to this date, the top-tier blockchain has been a victim of a number of congestions and troubles. In a very recent event, Solana's lending and borrowing protocol Solend. Has been in question …

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Bitcoin SOL
$ 187.63

Timeline of Solana


Solend's Governance Proposal Overturns Vote To Take Over Risk Whale - DCForecasts

Solend's governance proposal overturned the vote to take over the risk-whale wallet and take over the DEFI lending protocol's wallet got invalidated after a follow-up vote as we can see more today in our latest cryptocurrency news. The decentralized autonomous organization governing Solend which is a Solana-based lending platform invalidated a previous vote which allow


Solana-based NFT marketplace Magic Eden reaches $1.6 billion valuation - The Block

The Solana-based marketplace for non-fungible tokens (NFTs) plans to launch on more blockchains in the near future. The post Solana-based NFT marketplace Magic Eden reaches $1.6 billion valuation appeared first on The Block.


Solana-based Solend Protocol Introduces Borrowing Limit, Reduces Max Liquidation - Coingape

As CoinGape reported, the Solana-based “decentralized” lending protocol Solend has been grappling to avoid a liquidity crisis amid the SOL price crashing and the whale accounts having huge margin calls. Earlier, the Solend protocol planned to overtake the whale accounts with emergency powers.


Solend Community Passes Counter Proposal After SLND1 Criticism; Forfeits Emergency Powers to Overtake Accounts - BeInCrypto

Two community proposals by Solana-based DeFi protocol Solend were voted on recently to mitigate risks from whales that operate on large margin positions. The post Solend Community Passes Counter Proposal After SLND1 Criticism; Forfeits Emergency Powers to Overtake Accounts appeared first on BeInCrypto.


Solend Backpedals on Proposal to Take Over Solana Whale Account, Cites Community Feedback and Improved Crypto Market Conditions - EWN

The Solend team has done a one-eighty-degree turn on an approved proposal to take over a Solana whale account facing liquidation that could have strained the platform's liquidity. The team at Solend has explained that the decision to invalidate the first proposal was made due to community feedback and improved crypto market conditions.


Solend Users Vote For “Forced Takeover” Amidst Whale Liquidation Crisis - Crypto Daily

After voting for a “forced takeover” for a whale account, Solend users have revisited the ballots to decide that Sunday's “Emergency Powers” plan must be invalidated.  Extreme Measures - “Whale” Account Takeover The crypto market downturn is causing ripples throughout the industry, causing many DeFi protocols to take drastic measures to protect liquidity.


Solana DeFi Platform Voted To Control Whale Accounts: Report - DCForecasts

The Solana DEFI platform Solend voted to control whale accounts and the users granted emergency powers to Solend Labs to take over the whale account temporarily so let's read more today in our latest Solana news. The users of the Solana-based lending service Solend voted on Sunday to force a takeover of the protocol's biggest


Altcoins Show Momentum, Solana Jumps 14% - FinanceMagnates

Last week, the crypto market cap dipped below $850 billion for the first time in almost 18 months. However, the recent jump in digital assets like Solana, Cardano, and Polkadot has pushed the total market cap of cryptocurrencies to above $900 billion.


Solend backtracks on 'emergency power' proposal following community backlash - CryptoSlate

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. The post Solend backtracks on 'emergency power' proposal following community backlash appeared first on CryptoSlate.


Solana's Solend DeFi Platform Votes to Curb Liquidation Risks - Crypto news

Members of the Solend ecosystem are now voting on a governance proposal dubbed SLND2, which aims to achieve three major objectives, including curbing the risk of automatic on-chain liquidation of collateralized assets during margin calls, according to a blog post…

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