A large wallet at the center of the governance drama at Solana lending protocol solendprotocol started to move millions of dollars worth of cryptocurrencies this morning. By shauryamalwa
The anonymous wallet had deposited 95% of Solend’s pool of SOL tokens and represented 88% of USDC borrowing, but came close to a margin call last week as theThe protocol would have automatically liquidated up to 20% of the whale’s collateral if SOL hit $22.30, and potentially led to damage in the broader Solana ecosystem. A governance vote was floated by protocol developers to take control of the account and take adequate risk management steps.
The wallet’s actions Tuesday came as the SOL price rose by 12% over 24 hours to hit $37. This means the liquidation levels are far below current levels, allowing the wallet’s user to take necessary steps to prevent unforeseen damages in the case of liquidation.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Solend invalidates Solana whale wallet takeover plan with second governance voteSolend approved a proposal to invalidate its whale wallet takeover plan to mitigate the risks surrounding the account.
続きを読む »
New Solend vote invalidates governance decision to take over whale accountA new governance vote has passed that invalidates yesterday's move, with 99% of the votes supporting the new decision.
続きを読む »
Solend users vote in favor of proposal to mitigate risk imposed by ‘whale’A “yes” vote was meant to: “Enact special margin requirements for large whales that represent over 20% of borrows and grant emergency power to Solend Labs to temporarily take over the whale’s account so the liquidation can be executed OTC.”
続きを読む »
Solana DeFi Platform Votes to Control Whale Account in Bid to Avoid Liquidation 'Chaos'Users of solana DeFi platform solendprotocol voted to 'grant emergency power to Solend Labs to temporarily take over' a large account on the cusp of liquidation. realDannyNelson reports
続きを読む »
Solana, Ether Lead Gains in Relief Rally, but Traders Say Macroeconomic Concerns RemainDespite Monday's rally in cryptocurrency prices, analysts say macroeconomic sentiment needs to improve before markets see continued recovery. shauryamalwa reports
続きを読む »