Solana Refutes Whale Wallet Takeover Attempt with Another Governance Vote: Crisis Averted? Solana’s decentralized wing, Solend, made news on a calm Sunday evening after it rolled out a governance vote, “SLND1: Mitigate Risk From Whale.” The proposal aimed to address concerns around a large whale wallet potentially destabilizing the platform. Through this, the Solend team sought to gain emergency powers.

However, the initial move sparked immediate backlash. As the community condemned the move, calling it the opposite of what DeFi should be and outright illegal, the Solend team initiated a second governance proposal vote to address the criticism. Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gave Solend sweeping powers over the whale's assets. This reflects a significant shift in Solend's approach.

Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives the team control over large wallets. The urgency stemmed from the potential liquidation of the whale's position and its potential impact on the entire Solana ecosystem.

El protocolo de préstamos financieros descentralizados (DeFi) con sede en Solana, Solend, ha creado otra votación de gobernanza para invalidar la propuesta original, demonstrating a commitment to community feedback and decentralized principles. This second vote signifies Solana's dedication to upholding the values of DeFi and preventing a perceived whale wallet takeover, preserving the integrity of the network and reassuring users about the governance process. Stay updated on the latest developments in the Solana DeFi space and the outcome of this crucial governance vote.