Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M

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Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M

   Altcoin News DAO decentralization DeFi Governance lending Solana    June 21, 2022  |  0

 
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation.
Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate positions of anyone who has a debt above this limit regardless of their collateral value until the borrowed amount reaches USD 50m. A reduction of USD 500,000 per hour would be targeted….
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