Solend to Reverse ‘Emergency Power’ Proposal in a Second Vote as Struggle to Solve Whale Liquidation Crisis Continues
Solend, a Solana-based borrowing and lending platform, will go back to the ballot box in a flash vote on whether to go ahead with Sunday’s proposal to take control of the platform’s largest account. The Solana DeFi Proto...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Solend, a Solana-based borrowing and lending platform, will go back to the ballot box in a flash vote on whether to go ahead with Sunday’s proposal to take control of the platform’s largest account. The Solana DeFi Protocol’s largest account is a $100 million+ whale’s account on the verge of potential on-chain liquidation.
The cryptocurrency borrowing and lending platforms for tokens such as SOL and USDC give its governance token holders six hours to vote on Sunday’s proposal. Voting “yea” on the platform would: 1. Invalidate Sunday’s first vote; 2. Extend voting periods to one day; ...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
Circle Brings USDC Workflows Into Banking Platform Used By Major Institutions
TL;DR Volante Technologies and Circle have announced a collaboration around stablecoin payment and settlement infrastructure. Vola...
Sentora split 50% Aave revenue, but suppliers absorb all losses
Aave DAO would own the contracts for a proposed Ethereum lending market, but Sentora would make the day-to-day decisions that shap...
Bitcoin Price at $83,000 Turns a Silk Road-Era Whale’s $70 Into $1.7M
A Bitcoin address whose coins had not moved since May 2011 shifted 20.43 BTC worth about $1.7 million earlier today, ending a 15.4...
Robinhood adds perpetual futures trading to platform, expanding beyond crypto into traditional assets
Robinhood's expansion into perpetual futures for traditional assets may enhance market accessibility and diversification, impactin...
Bitcoin Price in Limbo: Congress Lost the Vote, but Fed Sets The Tone
Bitcoin price is in a $83,000-$83,600 range, even as Polymarket showed a 61% probability that Democrats would win control of both...
Compound DAO used protocol reserves to buy $52 million worth of COMP, and delegates call it a mandate breach
A new on-chain reconstruction says COMP acquired, through Compound DAO reserves, a majority of all delegated voting power at a May...