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

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

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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.

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.

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.

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.

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.

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

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.

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.

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…

Solend invalidates SOL Whale wallets takeover plan with its new governance vote so if Solend is unable to take over the account, some expect a possible meltdown and the SOL price reaching zero so let's read more today in our latest blockchain news. The Solana-based DEFI lending protocol Solend invalidates SOL whale wallets in a