2022-6-20 13:13 |
Its the latest major controversy to arise due to rocky conditions in the cryptocurrency market. Solend Exposes DeFi Governance Flaws Solend is facing its biggest PR disaster yet after it...
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Solend is a DeFi lending and borrowing protocol on Solana, noted for its high scalability and composability.
The Solana network has been growing in popularity among decentralized finance (DeFi) enthusiasts. The success of many projects on the platform has drawn developers to it and with the developers have come to the investors.
Solana-based decentralized finance protocol Solend backtracked on its initial proposal to take over a whale’s wallet by allowing users to vote on whether it should proceed or find another solution.
If Solend is unable to take over the account, some believe that it could cause a meltdown, driving SOL’s price to zero.