Solana-based decentralized finance (DeFi) platform Solend plans to improve risk management and decentralization with the Solend V2 lending and borrowing protocol. Solend in an official blog announced ...
Tag: Solend
What is Solend and how does it work
Solend is a decentralized lending and borrowing protocol built on Solana. It is lauded for expanding the methods available for Solana users to boost financial gains. Filling a large gap in the Solana ...
Solend accrues $6 million in bad debt from a single underwater loan
Solend, a lending protocol on Solana, has accrued a bad debt of more than $6 million from a large underwater position. After a sharp fall in the price of solana (SOL) — down about 50% in the las...
SOL raises interest rates to overcome Solend liquidity crises
Investors on Solana, a top blockchain platform, are in a state of panic after the apparent fall of the FTX cryptocurrency exchange. The other centralized exchange eventually stopped stablecoin trades ...
Solend struggling to liquidate SOL loan due to congestion
A large lending position on Solana-based lending platform Solend is now underwater but infrastructure issues are preventing it from being properly liquidated. As a result, the protocol faces the risk ...
A new DeFi hack! A $1.26 million exploit hits Solana’s Solend
The Crypto market in general and decentralized finance (Defi) in particular has seen so many attacks in recent years. This is considered to be one of the main reasons why the crypto market is in a dow...
Solend Suffered $1.26 Million Attack, Know More
Solend Suffered $1.26 Million Attack, Know MoreNovember 2, 2022Solend Suffered $1.26 Million Market Manipulation AttackSolend, a Solana-based lending protocol, on Wednesday suffered $1.26 million mark...
Crypto crime spree continues with Deribit and Solend hacks
The world of crypto is a minefield of hacks, scams, and rug pulls. The maxim “not your keys, not your coins” advises against trusting centralized exchanges but, as today’s news about crypto exchange D...
Solana-Based Lending App Solend Gets Hacked for $1.26 Million in ‘Oracle Attack’ – Defi Bitcoin News
The Solana-centric lending application Solend lost $1.26 million in an oracle attack, according to Solend’s official Twitter account on Wednesday. A number of affected pools were disabled, and Solend ...
Solend founder says SBF wants to ‘profit at all costs’
Solend (SLND) founder 0xrooter has described FTX founder Sam Bankman-Fried as a “profit maxi” who wants to “profit at all costs.” SBF is a profit maxi: profit at all costs — 🙏🚫 Rooter (hiring!) (@0xro...
Solend Founder Calls Out Alameda and ‘SBF Ideology’ in IDO Manipulation
The founder of the Solana-based lending and borrowing platform Solend has alleged that Alameda Research manipulated its IDO. Rooter, the Solend founder, alleged that during its IDO in November 2021, A...
The Backstage Events Of Solana Whale Liquidation Unveiled By Solend Founder
During an interview with a news website, Rooter (founder of Solend) revealed some details regarding what was going on behind the scenes of Solana Whale liquidation. Rooter said in this interview that ...
Solend founder reveals what happened behind the scenes during its whale liquidation event
The founder of Solend, Rooter, revealed to CryptoSlate what happened behind the scenes while the crypto looked on as it voted to take control of a user’s account in order to liquidate its funds OTC. U...
How a Solend Whale With a $108M Loan Nearly Crashed the Solana Network
Solend, a decentralized lending protocol on the Solana network, has narrowly avoided having 95% of the SOL deposits in its lending pool liquidated. At the center of the controversy is a large account ...
Solana whale moves $25M of USDC debt from Solend to Mango Markets
The Solana (SOL) whale that was subjected to the potential takeover by a recent Solend governance vote has gotten in touch with the lending protocol and moved $25 million worth of USD Coin (USDC) debt...
Solana whale shuffles $25 million to reduce risk to DeFi protocol Solend
The Solana whale who came on the verge of getting liquidated last week has started moving their funds to mitigate risk to the Solana-based DeFi protocol Solend, where all their funds were previously h...
Solend Whale Moves $25M to Another Platform Despite Canceled Plans to Seize Their Wallet
Solend – a DeFi lending protocol built upon the Solana blockchain – attempted to take over a whale account that supposedly could put the protocol in trouble due to its colossal size of collateral at r...
Solend Faces Backlash For a Not-so-DeFi Move
Solend, the DeFi lending platform on Solana has been facing critical reviews from the entire cryptocurrency community for its actions to protect its platform. Announcements from the project have been ...
Solend Safeguards Its Users And Funds! But Is Solana Now In A Trouble?
The folks from the crypto town have been probing the credibility of Solana, ever since it had its first DDoS attack. Fast forward to this date, the top-tier blockchain has been a victim of a number ...
Solend, ’emergency powers,’ governance vote – Making sense of it all
The broader crypto lending and the staking markets underwent one of the worst crises in history. Different networks suffered repercussions because of liquidation havoc. On 19 June, Solend Protocol, a ...
Solana: Solend blocks a whale, then reconsiders
Solend’s DAO, a DeFi protocol on Solana’s blockchain, initiated a vote to block the operations of a large user. Solana DeFi: Solend platform blocks the activities of a whale A very strange day yeste...
Solend introduces $50M borrow limit as whale account begins debt repayment
? Want to work with us? CryptoSlate is hiring for a handful of positions! Solana-based DeFi protocol Solend has initiated a new proposal to limit the borrowing on the platform to $50 million per accou...
Solana Community voted against Solend controlling the Solend Whale wallet
DeFi is in trouble. Solana’s Defi Platform, Solend, tried to take control of the Solend Whale wallet in order to prevent the major SOL holder from liquidating the project. Thankfully, the Solana commu...
What’s the take of Ripple CTO David Schwartz on the Whale Liquidation Crisis on Solend?
One of the major issues that crypto firms are facing amidst ongoing market crashes is the liquidation crisis due to a lack of securities and various other reasons The eruption broke out on Twitter fol...
Solana-based Solend Protocol Introduces Borrowing Limit, Reduces Max Liquidation
As CoinGape reported, the Solana-based “decentralized” lending protocol Solend has been grappling to avoid a liquidity crisis amid the SOL price crashing and the whale accounts having huge margin call...
New Solend vote invalidates governance decision to take over whale account
Solend, a lending and borrowing protocol on Solana, has reversed yesterday’s controversial DAO decision to take control of its largest user account. A new governance vote has passed that invalid...
Solend Community Passes Counter Proposal After SLND1 Criticism; Forfeits Emergency Powers to Overtake Accounts
Two community proposals by Solana-based decentralized finance (Defi) protocol Solend were voted on recently to mitigate risks from whales that operate on large margin positions. However, the second pr...
Solana’s Solend DeFi Platform Votes to Curb Liquidation Risks – crypto.news
Members of the Solend ecosystem are now voting on a governance proposal dubbed SLND2, which aims to achieve three major objectives, including curbing the risk of automatic on-chain liquidation of coll...
Users of DeFi app Solend block attempt to take over ‘whale’ account
The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Decentralized finance platforms are going to extreme lengths to limit the fallout from a sell-off in cryptocurr...
Solend users vote in favor of proposal to mitigate risk imposed by ‘whale’
Users of Solend, a decentralized protocol for lending and borrowing on Solana, today voted overwhelmingly in favor of a proposal aimed at mitigating risk imposed by a specific user with a big margin p...
Solend Users Vote For “Forced Takeover” Amidst Whale Liquidation Crisis
After voting for a “forced takeover” for a whale account, Solend users have revisited the ballots to decide that Sunday’s “Emergency Powers” plan must be invalidated. Extreme Measures – “Whale”...
Solend Initiates Second Governance Votes to Invalidate Initial Takeover
With the current delicate nature of the digital currency ecosystem, Solend is doing all it can to pacify all of its stakeholders while dealing with a liquidation threat from a whale account. The Solan...