Solend on Solana network proposes to steal user's fund to prevent liquidation
Solend on Solana network proposes to steal user's fund to prevent liquidation of 5.7 million Solana worth near $170 million.
Source: techstory.in
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Solend, the largest lending market on Solana is about to have a crippling liquidation of $170m SOL that could crash the network. To prevent this, the decentralized protocol is proposing to seize the user's funds via governance
There is a large liquidation watch on Solana's Solend protocol, where a whale has deposited 5.7M SOL ($170M and borrowed 108M USDC and USDT...
Source: reddit.com