Solana DeFi Platform Votes to Control Whale Account in Bid to Avoid Liquidation 'Chaos'

Solana DeFi Platform Votes to Control Whale Account in Bid to Avoid Liquidation 'Chaos'


The unprecedented governance vote, Solend’s first, will grant Solend Labs “emergency powers” to liquidate the whale’s vulnerable assets (around $20 million in SOL) via over-the-counter (OTC) trades instead of decentralized exchanges – where decentralized finance (DeFi) liquidations usually occur – if the price of SOL drops too low.

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