Solana Community Takes Over Whale's Assets
Solana's (SOL) crypto borrowing and lending protocol, Solend, has voted to take full control of a whale's assets on the platform to avoid immense liquidation risks.
Source: techtimes.com
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Decentralized protocol for lending Solana votes to take control of whale's account
Dangerous precedent in the solana ecosystem
Source: forexlive.com
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