Reddit Posts
Solend (SLND) – Is SLND a new gem? 🚀
I made a lot of mistakes and I’m grateful for it.
Bancor removes IL protection, people are bashing Bancor, not Ethereum, why is solana different?
Mentions
I bought **Solend** (SLND) for 10 $ and sold it for 1$. Does it count? (ツ)
>I bought safemoon, staked with Voyager(lost it all), invested pretty heavily into SLND because a YouTube influencer told me it has 100x potential, bought a bunch of AXS at $150 (ouch), and more. I’ve lost thousands. Is this satire?
I made that same mistake on SLND too. Didn't dump a ton into it but I did sell some SOL close to its all-time high in order to buy it only to watch it dump to pennies. F U James at invest answers, you shill, F U
The governance thing on Solend was decided by one voter, with $700k **SLND**, not SOL, because the vote did not occur on solana. Solend and solana are seperate entities, in fact, the solana team came out on Twitter calling the actions of Solend a mistake which they do not support. Would’ve thought with your *expertise* you would’ve been able to pick up on these basic aspects of the situation lmao
I mean, the solana team have come out on Twitter and said that Solend’s choices in this situation were a mistake and they do not support the proposal and vote that occurred. I’d say that pretty strongly indicates that they’d rather SLND sticks to crypto principles than “crash” their network. Liquidators spamming would probably slow the network, but idk if “complete collapse” is a reasonable prediction. Solana has held fine through big liquidation events in the past.
Not necessarily, as I said, the vote was conducted over a very short period, they genuinely just could’ve been asleep, or not become aware of the news before it was too late. Also it takes people selling for you to be able to buy. Sure you could definitely pick up a lot of SLND quick, but to get the necessary amount in a short time frame could be difficult. I’m not saying it wasn’t that they just didn’t care, but even if they did, it certainly wasn’t designed fairly and easily for them to counteract
Solana fudders don't want you to see this https://realms.today/dao/SLND/proposal/3geE5P3D7VJRaNNDVfZciGsXgwGiao1hSNpRM6jWNa5A
TLDR: Solend, a lending protocol based on Solana, has passed governance proposal SLND2 that invalidates the controversial "emergency power/" proposal from Sunday. It will also give the team time to take less drastic measures on a large on-chain liquidation.
The news is not related to SOL but Solend (SLND) and that token is in free fall: https://coinmarketcap.com/currencies/solend/
SLND is pretty much worth nothing. The whale could've easily bought the necessary amount of SLND tokens to manipulate the vote. It's likely that he just doesn't care.
> . Then they had a single whale with over 1 million SOL make the vote “yes” Voting is not done with SOL but with SLND. SLND is currently traded at: $0.66 https://coinmarketcap.com/currencies/solend/
Solend and solana are seperate entities. SLND token has gone down, no real reason solana wouldn’t rise with the rest of the market
The vote was occurring on Solend, not solana. The whale had a shit ton of SOL tokens, but presumably not a shit ton of SLND tokens which he would’ve needed. In addition, the vote was only conducted over a period of like less than 3 hours, with a low pass threshold. Probably wouldn’t have had a chance anyway.
They didn’t vote with SOL, they voted with SLND. This vote and whole shitstorm is occurring on Solend, not solana. Important distinction which everyone is missing somehow
Fudders not talking about another DAO which is to invalidate the SLND1. https://realms.today/dao/SLND/proposal/3geE5P3D7VJRaNNDVfZciGsXgwGiao1hSNpRM6jWNa5A
Solend, a Solana-based lending platform with over $1 billion in deposits, has voted on a governance proposal to take over a whale’s account so that funds can be withdrawn instead of automatically liquidated on the open market. Disturbingly. users have been incentivized to vote with “50K SLND distributed proportionally among voters through an airdrop.” There you go. They decide hey we'll pay for vote. It is as simple as trying to control the votes
must have? what? you just made up a scenario in your head and immediately treat it as factual lol. We know its [a trader not affliated with solend](https://twitter.com/0xFA2/status/1538532586653265920) and theres speculation it could have been Alex Wice who was once one of the biggest lenders and borrowers who had a huge amount of SLND.
There's SOL and there's SLND. Isn't this limited to Solend?
It's actually worst than that, solend has a $12.5m market cap and only 1% of that was needed to approve this. You could have passed this with $125,000 of solend or by borrowing that amount which would have cost about $700/day at the current borrow apy available on solend app to borrow the SLND token.
A 1mil **SLND** wallet just voted in favour of seizing the funds. You cannot vote with SOL, because this is not a solana proposal or vote. Read my reply again, solend is a seperate entity to solana. What solend does and votes on, is not within the control of solana. Check OP’s profile on that post, or this post since it’s the same guy. He’s literally a crypto hater who is only here to manipulate people for his own benefit. He is TELLING YOU that he is manipulating you, and you’re playing right into his hand 🤦♂️. I know you’ve got your mind made up and it’s not changing, but take a second to review this situation, OP’s profile and the arguments you’ve made, unbiasedly. You don’t have to admit you were wrong, I don’t care, but just take a step back and note that you’re being blatantly manipulated. If you can’t see that when the dude is literally telling you he’s manipulating you, then maybe crypto isn’t the right space for you. For your own sake, just chill for a minute and check yourself.
You can’t vote with SOL because this is not occurring on solana, which this entire thread seems to have missed. The proposal and voting is occurring on solend, in which the SLND token would be used to vote. Solana or Solana’s users don’t get a say in what a protocol built on it’s chain does.
Bc you use SLND to vote …it’s it’s own app
Isn't the vote done by $SLND? Currently priced at $0.65 I checked on their discord and they said it's in $SLND, I didn't participate so not sure.
I mean in that case, you could buy the consensus for about $800'000 so it's not like many people even participated. SLND tokens aren't worth much.
Voting is done with SLND tokens, not SOL. SOL is just the collateral in this case.
The platform in question is a decentralized lending platform called Solend. It runs as an application on Solana's network. They voted with their governance token SLND to handle the liquidations off chain. People using the platform should understand that large platform decisions are made by governance token holders. Most of Reddit doesn't understand this because they've never used a lending dapp. Another big misunderstanding is that Solana will suffer from liquidation bots forever halting network activity. It happened about 3 times in the past year, and once they roll out a couple upgrades (one of them being QUIC implementation), liquidation or mint bots will no longer degrade overall network performance. That update should happen this year. Solana has already updated several times after the last network halt, and is running smoother than it ever has before. This vote is precautionary because people who use the network know, and have collectively agreed, that until the network has implemented QUIC, certain specific actions are better avoided to preserve the network functionality and market integrity.
You're still spreading misinformation. The wallet in question that begins with 6HF as in your screenshot did not control the vote with 1 million SOL as you claim, but with 1 Million SLND: https://i.imgur.com/ijaN0ie.png https://coinmarketcap.com/currencies/solend/
That's the problem if you can buy votes. SLND is currently traded at $0.67, so to rig the vote you only really need $670'000.
SLND is used for governance: https://coinmarketcap.com/currencies/solend/
I'll never get rid of my SLND !!!! Down 90% since I fomo'ed in. Thanks YouTube shitcoin shill - great advice !
"the network was overloaded as a result of bots flooding the network throughout the outage. In particular, Solana suffered reduced network performance, resulting in the failure of a number of transactions. Solend (SLND), the largest lending protocol in Solana, acknowledged that many Solend transactions failed while users were also adversely impacted by the liquidation problem."
nope. in avax and sol i can actually use defi without kneecapping me. i can instantly switch my supply from solend to francium to apricot and pay less than a penny. you can deposit mSOL (staked solana at 6.67%) right now on solend and collect SLND and MNDE for the deposit. You can then borrow SOL using the mSOL as collateral at a cost of around 6.2% and collect more SLND tokens. You can deposit that borrowed SOL at an APY of around 8.62% on francium so you will actually be making more SOL off the borrow and collecting free SLND tokens while still collecting mSOL staking rewards from marinade.
you can trade your stake in for mSol at https://marinade.finance/ you get mSol back for your stake. mSol is the same thing as Sol it just lets you use it while staking. So with the mSol you can deposit it on https://solend.fi/ for around 8.4% (it fluctuates). You can then borrow USDC (I wouldn't borrow anything but a stable coin) at about 4.2% (again, fluctuates, you also earn SLND when borrowing). With the USDC you can go to https://francium.io/ and lend the USDC out at 18.9% easily paying off your loan while keeping the profit AND you're still taking your Solana on top of it.
SLND and ORCA are my solana moonshots
SOLEND (SLND) is gonna rip eventually. Do some DD at tell me I'm wrong.....
Solend (SLND). It’s a lending platform on Solana. The IDO was Nov 3rd. Seems extremely promising out of all the crap I’ve seen lately. I love the ease of use with anything Solana related. This one was a no brainer for me.
Some Interesting solana ecosystem plays that just launched in the last few weeks. Check out SLND and AURY for some lending and nft Gaming plays. Both are micro caps but look super Solid and are the only thing I’ve found worthy of buying lately. Only catch is you have to get them through Raydium but it’s easy with the phantom wallet.
SLND New lending and borrowing protocol. It’s built on Solana which I believe in a lot so I support this project. For comparison Solends goal is to be like what Aave is on Ethereum. Solend has smart money following which made me more confident to invest into it. Solanas low fees and fast tps will make SLND definitely an attraction to users. It already has 2.2bn worth of assets supplied. It just had an IDO so it’s a really new project and a lot is coming up. I think the Solana network has tons of potential and Solend being one of the first in the game and hopefully they’ll succeed.
I just bought some SLND. It seems pretty sick