Solend Bloodbath: How A Single Whale Almost Brought Down The Solana Blockchain
Imagine you wake up one morning to find that your DeFi lending protocol is on the verge of a liquidation.
“What’s the big deal? Liquidations happen all the time,” you say.No big deal except it could trigger a chain of events that would potentially collapse a whole blockchain and render a cryptocurrency useless.“How did this happen again?”Long story short, you loaned 95% of your crypto deposits to a single whale.“Is this for real?”Yep. That’s what happened to Solend, Solana’s largest lending DeFi protocol when Sol’s value…