# What decentralization? Solend approves whale wallet takeover to avoid DeFi implosion

# What decentralization? Solend approves whale wallet takeover to avoid DeFi implosion

” What decentralization? Solend approves whale wallet takeover to avoid DeFi implosion “ On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation.  The proposal, dubbed “SLND1 : Mitigate Risk From Whale,” was…

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# Crypto lender Babel Finance halts withdrawals due to liquidity pressures

# Crypto lender Babel Finance halts withdrawals due to liquidity pressures

” Crypto lender Babel Finance halts withdrawals due to liquidity pressures “ Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn. Babel Finance officially announced June 17 a temporary suspension of redemptions and withdrawals from its products, citing “unusual liquidity pressures.” “Recently, the…

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# Bitfrost releases upgraded SALP 2.0 after protocol helped secure 0M via parachain auctions

# Bitfrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions

” Bitfrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions “ On Friday, Bitfrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed “SALP 2.0.” Projects such as Moonbeam, Unique network, OAK network, Polkadex, etc., held their parachain crowdloans…

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