Cryptocurrency platform Solend to introduce a transaction limit due to the risk of collapse

Solend, a cryptocurrency lending platform on the Solana blockchain, plans to set a borrowing limit of $ 50 million for each account and reduce the maximum number of liquidations.

According to journalists, the Solend platform has put a proposal to introduce a limit to a vote of project participants, all because of the risk of liquidity shortages and a possible collapse of the SOL cryptocurrency.

The Solend community had a mixed reaction to such proposals. Users said that the platform’s limitations could be easily circumvented by creating additional accounts. «If large loans are a systemic risk, they should be secured as much as possible. Most of us are small investors, but if the platform can’t function without the whales (large investors), then we have no business being here,» wrote one user.

It is obvious that Solend is going through a rough patch. Recently, the Solend community voted in favor of a proposal to take control of the assets of the so-called whale (the user took out a $ 108 million loan from the stablecoin against 5.7 million SOL), but the new vote is not as clear. SOL), but in a new vote, the decision was canceled. It was due to a flurry of criticism on social media — users were against it. Therefore, during the second vote, 99% of respondents voted in favor of canceling the first decision. The question of how the majority in the first vote was obtained remains open.

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