Tag: solend

Jul 28 2022

Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%

Jul 28 2022 Published at CryptoSlate under tags  crime flash loan hacks nirvana solana

Solana-based DeFi protocol, Nirvana Finance lost $3.5 million to a flash loan attack on July 28. 1/ On 28 July, adaptive...

Jun 24 2022

Solend and Bancor Drama: Did These DAOs Violate the Ethos of Crypto? – Ep. 366

Jun 24 2022 Published at Unchained Podcast under tags  2022 bancor bitcoin blockchain crypto

Derek Hsue, cofounder at Reverie, discusses the recent controversial decisions by Solend DAO and Bancor, the importance of establishing processes for black swan events, and whether decentralized governance truly exists. Show highlights: what situation prompted Solend to feel it was in jeopardy what Solend DAO’s response was to that situation why Derek views it as “the nuclear option” why the proposal sparked an...

Jun 23 2022

Is Solana Truly Decentralized? Solend’s Actions Sparks Debate

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. With the market crash, many networks in the market have suffered due to declining prices, having to put in various measures to ensure longevity. The most recent happened...

Jun 21 2022

Solana Lending Platform of Solend Initiates New Proposal to Limit Per Account Borrowing to $50M

Jun 21 2022 Published at Ethereum World News under tags  solana solana (sol) solend

Summary: The Solend team has initiated a proposal to introduce a per-account borrow limit of $50 million. The limit will be rolled out gradually, starting with the per-account borrow limit at $120 million and reducing it till $50 million is reached. Solend recently rolled back a proposal to take over a Solana whale account facing possible liquidation that could have affected the platform's...

Solend introduces $50M borrow limit as whale account begins debt repayment

Jun 21 2022 Published at CryptoSlate under tags  defi solana solend usdc

Solana-based DeFi protocol Solend has initiated a new proposal to limit the borrowing on the platform to $50 million per account; this is its third proposal in the last few days as it grapples with liquidity issues. The protocol is looking to prevent a future recurrence of these issues...

Jun 20 2022

Solend Backpedals on Proposal to Take Over Solana Whale Account, Cites Community Feedback and Improved Crypto Market Conditions

Summary: The Solend team has done a one-eighty-degree turn on an approved proposal to take over a Solana whale account facing liquidation that could have strained the platform's liquidity. The team at Solend has explained that the decision to invalidate the first proposal was made due to community feedback and improved crypto market conditions. The team at Solend has initiated a new proposal...

Solend backtracks on ’emergency power’ proposal following community backlash

Jun 20 2022 Published at CryptoSlate under tags  daos decentralization defi solana solend

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. The decision was made after the crypto community extensively criticized its...

Solend Community Votes to Backtrack on Whale Takeover Plot

Jun 20 2022 Published at Crypto Briefing under tags  analysis solana solend

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...

Jan 26 2022

The Chopping Block: Why the Lack of a Fee Market Created ‘Bread Lines’ on Solana

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: Analyzing the market drawdown Twitter-native NFTs + Crypto Coven...

Jan 23 2022

Sep 26 2021

Aug 19 2021

Top Updates From the Solana Ecosystem | August Week 2

Last week was a bullish week for Solana as its native token (SOL) set a new all-time high of $74.04 (which was surpassed this week). The token rallied by 83.7% in the last 7 days and was trading at $71.90 in the last 24 hours. Here are the exciting updates from the Solana ecosystem from last week....

Jun 28 2021

Top Updates From the Solana Ecosystem | June Week 4

It was another great week for the Solana blockchain platform as the project recorded the addition of more DeFi and dApp projects on its platform. The Solana ecosystem also announced the winners of the recently concluded Solana Season Hackathon. However, Solana (SOL), was also able to quickly recover from the crash which the cryptocurrency market...

Jun 17 2021

Top Updates From the Solana Ecosystem | June Week 2

Last week was another great week for Solana as the project announced the successful completion of the Solana Season Hackathon. In addition, the number of DeFi and dApp projects built on its platform continues to rise. Here are some recent exciting updates from the Solana ecosystem. Solana Completes $314.15 Million Private Token Sale Solana Labs...

Jun 08 2021

Top Crypto News: 06/08

After making a daily high of $36,190, Bitcoin underwent a roughly 9% correction today and is trading at $33,670. Notably, if BTC is unable to sustain $30,000, then it could lead to critical support at the $28,000 and...

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