Solana-based DeFi lending protocol Solend has Initiated another governance vote to refute the recently-approved Proposal To Takeover Whale’s Wallets.
Solana-based decentralized finance lending protocol Solend has fabricated another governance vote to refute the lately-approved suggestion that allows Solend Labs “emergency powers” to access a whale’s wallet to avoid liquidation.
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Governance vote was created on Sunday by crypto leading platform and titled “SLND1: Mitigate Risk From Whale.” To allow;
Solends to reduce the risk that the whale’s liquidation poses to the market by letting the lending the platform access the whale’s walletAnd allow the liquidations to happen over-the-counter (OTC)
The reason behind this is;
As stated by Solend, if the Solana d...