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RE: RE: Solana Lender Solend Is Facing A Whale Liquidation Crisis
25
@finguru
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1 min read
Haha, I deliberately mentioned it as a "leading" and "Decentralized" ๐ Right now, it's none of them!
But all it takes to approve the takeover of addresses and all their assets is the vote of 1 single wallet?
Not one single upvote. The platform has a handful of "whales" that favoured the takeover of the wallet and then changed their decision. Obviously Solend is one of those whales. But later on they clarified that they didn't take part in the any of the voting. Still doesn't change the fact that they have immense power to takeover user's funds.
Posted Using LeoFinance Beta
