# Solend invalidates Solana whale wallet takeover plan with second governance vote

# Solend invalidates Solana whale wallet takeover plan with second governance vote

” Solend invalidates Solana whale wallet takeover plan with second governance vote “ Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives Solend Labs “emergency powers” to access a whale’s wallet to avoid liquidation.  On Sunday, the crypto lending platform launched a governance vote titled…

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# 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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