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CoinGape
2022-06-20 04:26:38

Solana-based lending Platform Solend Steps Back from Controlling the Whale Account

Solana-based lending Platform Solend Steps Back from Controlling the Whale Account

The broader crypto lending and the staking markets have been undergoing one of the worst crises in history amid a wave of liquidations recently. On Sunday, Solana-based “decentralized” lending platform Solend initiated an SNLD1 proposal to take over a whale account with emergency powers and avoid a cascade of possible liquidations. Solend claimed that a The post Solana-based lending Platform Solend Steps Back from Controlling the Whale Account appeared first on CoinGape.

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