Re:Solend is now voting to reverse the decision to interfere...
by itsoktocry on Monday June 20, 2022 @11:41AM
(#31811646)
>So - the guy with the $170m position… his wallet has been recently active so it isn’t a case of lost keys… he’s running a short on Solana?
My understanding is he "owes" interest on loans he's received using Solana as collateral, so the account is at risk of being liquidated. Of course, no one wants that when many people are already underwater at current prices.
What's funny is literally one day after voting to take over this account, prices are rising and now they "have time" to find a better solution? Brilliant governance, all around.
My understanding is he "owes" interest on loans he's received using Solana as collateral, so the account is at risk of being liquidated. Of course, no one wants that when many people are already underwater at current prices.
What's funny is literally one day after voting to take over this account, prices are rising and now they "have time" to find a better solution? Brilliant governance, all around.