Solend approves Whale Wallet OTC Takeover to avoid “Bad Debts”
Key Takeaways
According to the proposal, If SOL drops to $22.30, the whale’s account could be liquidated for up to 20% of their borrowings (around $21M).Solend states that the intent is to allow the liquidation to be handled gracefully via OTC.C
According to the proposal, If SOL drops to $22.30, the whale’s account could be liquidated for up to 20% of their borrowings (around $21M).Solend states that the intent is to allow the liquidation to be handled gracefully via OTC.C