Solend Backpedals on Proposal to Take Over Solana Whale Account, Cites Community Feedback and Improved Crypto Market Conditions

Summary: The Solend team has done a one-eighty-degree turn on an approved proposal to take over a Solana whale account facing liquidation that could have strained the platform’s liquidity. The team at Solend has explained that the decision to invalidate the first proposal was made due to community feedback and improved crypto market conditions. The team at Solend has initiated a new proposal to invalidate the one that passed only yesterday, providing the team emergency powers to take over a […]