03:50 Jun 22, 2022 Solend's Proposal SLND3 Approved
Solana ecosystem lending protocol Solend's proposal SLND3 was approved. The proposal addresses the liquidation of the giant whale by proposing to introduce a per-account borrow limit of $50M, temporarily reduce the maximum liquidation close factor from 20% to 1% and reduce the liquidation penalty for $SOL from 5% to 2%.
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