Recommended Watch: 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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    Francisco Gimeno - BC Analyst After Terra/Luna and other debacles, any issue with other protocols or networks is potentially seen as very bad. Solana (its lending protocol Solend) has made some movements to avoid control from whales, but showing also how difficult is to hold the idea of decentralisation here. And the consequences are just starting. Solana is yet a good protocol, and in continuous development, with better fundamentals than many other protocols, but at this time of FUD we don't need this issue around. We believe Solana can go over it and transform in time to essentially evolve to be part of what we call the Crypto.2 network. Well, watch this to understand better, and let us know what you think.