Solend, ’emergency powers,’ governance vote – Making sense of it all

The broader crypto lending and the staking markets underwent one of the worst crises in history. Different networks suffered repercussions because of liquidation havoc. On 19 June, Solend Protocol, a DeFi network used for borrowing and lending crypto-assets such as Solana [SOL] was affected. Fearing extreme sell-offs, the network released initiated proposals to avoid a […]