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We’ll go first: recursively lend mSOL and borrow SOL. This way you triple (!) dip on staking, MNDE, and SLND rewards!
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There are tons of yield-earning strategies possible using Solend. Share your strategies below!
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These boosted rewards will last for 2 weeks.
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Follow this guide to convert Sollet ETH to Wormhole ETH!https://docs.google.com/presentation/d/15_FD5HBsAoZoO1WeTs06TYiD1ZAmHhMcmZD-39HIuSU …
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Lend out weWETH for yield or use it as collateral to borrow other assets. Also borrow weWETH against other assets. Loan to value ratio: 75% Liquidation threshold: 80% Liquidation penalty: 5% Global deposit limit: 250K weWETH
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weWETH is now listed on http://solend.fi with rewards!
@wormholecryptopic.twitter.com/vhZqcLLiYD
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Who else is building DeFi for Everyone?
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We’ve made some improvements to our mobile site. Check it out!pic.twitter.com/zsI0V7W9wy
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If you're wondering why, it's because rewards were shifted from supply to borrow earlier today.https://blog.solend.fi/shifting-rewards-to-borrow-only-28318f6ea096 …
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Update:
@ProjectLarix is joining the bug bounty payout with $100K, bringing the total bug bounty to $1.05Mhttps://twitter.com/solendprotocol/status/1468255520754905089 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Thanks to
@solana, transactions on Solend cost $0.001. DeFi isn't for the top 1% anymore, it's for everyone.Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
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As mitigation we will be implementing pyth confidence intervals into refresh reserve logic to mitigate these events from occurring in the future. At the time of liquidations, the confidence interval was ~40% wide giving a range of 200 - 520, which will be ignored in the future.
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During sharp market movements on December 4th,
@PythNetwork's feed for mSOL published incorrect prices causing wrongful liquidations on Solend. This resulted in a loss of $23K which will be refunded with a 5% bonus for buffer and inconvenience. Details will follow later today.Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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