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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

Continue reading on https://cryptonews.com/news/solend-puts-forward-3rd-proposal-that-would-reduce-borrow-limit-usd-50m.htm


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