Solana Risks Epic Crypto Crash | Crypto Lending Dead?



On Sunday, the crypto lending platform Solend launched a governance vote titled “SLND1 : Mitigate Risk From Whale.” It allowed Solend to reduce the risk the whale’s liquidation poses to the market by letting the lending platform access the whale’s wallet and letting the liquidations happen over-the-counter.
Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gave Solend Labs “emergency powers” to access a whale’s wallet to avoid liquidation.

#Solana #Crypto #bitcoin
~Solana Risks Epic Crypto Crash | Crypto Lending Dead?~
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