Quote from: Jackl87 on Today at 11:05:43 AM

Quote from: Tellek Garing on June 22, 2022, 06:44:10 AM

Solend a decentralized loan project build on solana network almost create what could have been another sad story in the development of crypto currencies but wisdom from solana government and voters safe the day. We could have had the same story of Luna in our hand if not decisions to stop whales from dumping. Good one from solana team.

Do you mean that proposal where all the Solana holders could vote if a huge whale basically gets taken away his funds because otherwise he would have the power to basically bring the whole project down if he would have decided to sell sometime in the future? If i remember correctly a overwhelming majority voted which is no surprise because it was good for the network as a whole. I still don't know though what happends to the funds of that big whale. I mean they can not just take it away from him right? If that would be the case then this would be extremely unfair and also a very bad message for everyone that is interested into crypto.

It is a decentralized protocol. If the rules change during the game, then this is a centralized protocol. The big whale posted a deposit and took the stablecoins or other coins. It may not be profitable for him to take these coins, because he can buy more solan coins if the price drops. This is the problem with decentralized protocols. You deposit expensive collateral coins when the price is high and the risks are borne by vault holders.