DeFi
Solend introduces $50M borrow limit as whale account begins debt repayment
Solend has introduced a new proposal to limit the borrowing on the platform to $50 million per account.
Oluwapelumi Adejumo 1 min read
DeFi News
Get the latest DeFi news on lending, DEXs, liquid staking, yield strategies, governance, and the protocols driving on-chain finance.
Topic stats
Coverage footprint Share of stories with a news category. This topic’s share of CryptoSlate’s published stories in that group. Each story is counted once in the group total. 7.7%
Total views Total recorded views across published stories in this archive. Views are not unique reader counts. 7.5M
Top DeFi Stories
Analysis
Celsius faces a potential short squeeze; $20M bounty out on info about possible attack
Celsius may be insolvent, there's a $20M bounty for anyone with information about a an attack, and there could be a GameStop-style short squeeze imminent. With very little information coming from Alex Mashinsky, the rumor mill is heating up.
Contributor
Hacks
Op-Ed: The latest trends in hacker attacks and how to deal with them
The fast-paced environment crypto and specially DeFi is in has led to many mistakes by several projects. These mistakes, in turn, left them ripe for hacks to take place.
Latest DeFi News & Analysis
DeFi
Solend backtracks on ’emergency power’ proposal following community backlash
Solend says the recent price recovery of SOL has given them some time to get more feedback and also seek new alternatives.
Wallets
Solend pays users to vote on proposal to liquidate whale wallet OTC and avoid “bad debt”
Solana based lending platform Solend has offered users tokens in reward for voting on a proposal to take over a whale's account holding 95% of their Solana deposits.
Hacks
Inverse Finance suffers another attack; Hacker steals $1.3 million, causes $5.8 million protocol loss
Inverse Finance said an oracle price manipulation exploit allowed a hacker to steal about $1.3 million, resulting in a loss of $5.8 million for the protocol.
DeFi
MakerDAO votes to disable Aave DAI deposit to stave off Celsius risks
MakerDAO’s decision is tied to the fact that half of DAI borrowed on Aave was from Celsius, which is currently facing liquidity issues.
Legal
Texas, New Jersey, Alabama and other US states have launched an investigation into Celsius Network
A number of states in the United States, including Texas and Alabama, are looking into the decision made by Celsius Network to suspend client withdrawals.
DAOs
TronDAO to initiate a 3 billion withdrawal to guard TRX’s value
The DAO explained that the withdrawal will help "safeguard the overall blockchain industy and crypto market."
