Solend Team Proposes to ‘Take Over’ a Solana Whale Account Facing Liquidation That Could Affect the DEX’s Liquidity

Summary: The team at Solend is concerned that a Solana whale might be liquidated, causing a cascade of liquidations that would hurt the platform’s liquidity. The Solend team has attempted to contact the SOL whale to no avail. They have since proposed to grant Solend Labs emergency power to temporarily take over the account so that the liquidation can be executed through an OTC trade, safeguarding the price of SOL and preventing further liquidations. The team at the Solend decentralized […]