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%.
Source Get the most concise crypto news, research, and insights by subscribing to our free newsletter.
Related News
Solana's key SIMD-228 proposal fails to pass validator vote, token emissions unchanged Transaction fees generated on Solana network fall to lowest weekly amount since September Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Chainalysis expands Solana coverage to include Pump.fun memecoins Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 3 Days Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
March 27 Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
March 27 MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success