Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M

By CryptoNews - 1 year ago - Reading Time: 1 minutes

Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M

 
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation.
Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate positions of anyone who has a debt above this limit regardless of their collateral value until the borrowed amount reaches USD 50m. A reduction of USD 500,000 per hour would be targeted....
Read More: Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M

Original source: CryptoNews