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Ethereum World News
2022-06-21 17:55:25

Solana Lending Platform of Solend Initiates New Proposal to Limit Per Account Borrowing to $50M

Solana Lending Platform of Solend Initiates New Proposal to Limit Per Account Borrowing to $50M

Summary: The Solend team has initiated a proposal to introduce a per-account borrow limit of $50 million. The limit will be rolled out gradually, starting with the per-account borrow limit at $120 million and reducing it till $50 million is reached. Solend recently rolled back a proposal to take over a Solana whale account facing possible liquidation that could have affected the platform’s liquidity. The Solana whale is reportedly repaying the debt on Solend and taking out collateral. The team […]

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