Solana Solend Phase One: Loan Agreement Launched and Updates Implemented
On April 11, it was reported that the loan agreement on Solana Solend had been launched in the first phase of SolendV2, and three new functions had been updated
On April 11, it was reported that the loan agreement on Solana Solend had been launched in the first phase of SolendV2, and three new functions had been updated: loan weight, TWAP oracle machine and capital outflow rate limit. Among them, the new parameters of LTV and loan weight would take effect on April 17, and users need to update their open positions.
The loan agreement Solend has been launched in the first phase of the V2 version, with functions such as updating loan weights
On April 11th, it was reported that Solana Solend, a decentralized finance protocol built on the Solana blockchain, had launched the loan agreement in the first phase of SolendV2. This launch includes three new functions: loan weight, TWAP oracle machine, and capital outflow rate limit. In this article, we’ll explore each of these new functions and their impact on Solana Solend users.
Loan Weight: What is it and How Does it Impact Solend Users?
The first new function that Solana Solend has introduced is loan weight. This function allows borrowers to adjust the amount of collateral required to borrow funds based on the amount of outstanding loans they have. This ensures that borrowers with a higher loan-to-value (LTV) ratio have more collateral than those with a lower LTV ratio.
As a Solend user, this feature means that you can now adjust your loan weight to optimize your borrowing power. Additionally, loan weight helps to reduce the risk for lenders by ensuring that they have sufficient collateral to cover their loans.
TWAP Oracle Machine: Ensuring Fairness in Solend’s Price Oracle System
The second new feature introduced in SolendV2 is the TWAP (Time-Weighted Average Price) oracle machine. This feature ensures the fairness of Solend’s price oracle system by preventing market manipulation.
Previously, Solend’s price oracle system used a simple average of multiple price feeds. However, this made the system vulnerable to manipulation by malicious actors. With the implementation of the TWAP oracle machine, Solend users can be assured that the price feeds used in the protocol are fair and transparent.
Capital Outflow Rate Limit: Protecting Users From Volatility
The third and final new function introduced in SolendV2 is the capital outflow rate limit. This feature protects Solend users from market volatility by limiting the amount of capital that can flow out of the protocol in any given period.
The capital outflow rate limit ensures that users are protected in the event of a massive market crash, as it prevents the protocol from bleeding out its liquidity all at once. As a Solend user, this feature guarantees that you’re protected against sudden market shocks.
What Do These Updates Mean for Solend Users?
With the implementation of the new loan weight, TWAP oracle machine, and capital outflow rate limit features, Solana Solend users can take advantage of a more robust and secure protocol.
From a borrowing perspective, loan weight allows for more optimized borrowing power and improved lender protection. Meanwhile, the TWAP oracle machine ensures the fairness and transparency of price feeds, and the capital outflow rate limit protects users from market volatility.
Conclusion
Overall, Solana Solend’s updates to SolendV2 are undoubtedly positive for both borrowers and lenders on the platform. With three new features designed to optimize user experience and protect from potential market crashes, the protocol is now even more secure and reliable.
FAQs
1. What is Solana Solend?
Solana Solend is a decentralized finance protocol built on the Solana blockchain that allows users to lend and borrow funds.
2. What is SolendV2?
SolendV2 is the updated version of Solana Solend that includes new features such as loan weight, TWAP oracle machine, and capital outflow rate limit.
3. How does the capital outflow rate limit work?
The capital outflow rate limit is a feature that limits the amount of capital that can flow out of the protocol in any given period to protect users from market volatility.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/04/11/solana-solend-phase-one-loan-agreement-launched-and-updates-implemented/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Armistice Capital reports 9.9% beneficial ownership shares in Stronghold Digital Mining
It is reported that according to a document, the hedge fund Armistice Capital holds 9.9% of the beneficial ownership shares of the Bitcoin mining company Stron…
-
Roblox May Face Money Laundering Issues, According to Forbes
According to reports from Forbes, the meta universe gaming platform Roblox may face money laundering issues. According to a newly disclosed court document, more
-
Twitter Blocks Substack Links: What It Means for Journalism and the Future of Social Media
According to reports, on April 7th, Twitter users on both mobile and online platforms found themselves unable to interact with tweets containing links to the Su
-
Goldman Sachs’ Forecast for the Federal Reserve’s Interest Rate Hike
According to reports, Goldman Sachs: It is expected that the Federal Reserve will raise interest rates three times by 25 basis points in March, May and June 20…
-
What is the address for Bitcoin withdrawal (Bitcoin withdrawal)
According to BitInfoCharts, Bitcoin withdrawal addresses began appearing on February 1, 2018. However, from the end of 2017 to the beginning of 2019, the price of Bitcoin has been rising, but there has been no significant change. According to incomplete statistics, the highest price in 2019 was around $19300 as of December 31, 2020. In May 2019, the lowest price was around $18800, and it has remained high until today (as of the time of publication). The price of Bitcoin has also experienced varying degrees of correction Bitcoin withdrawalAccording to reports, the latest data monitoring shows that Bitcoin began a downward trend around 10:00 am Beijing time on April 15th. After 18:00, the currency price rebounded from around $9150 to above $9400, and quickly fell below $8800 after hitting around $9100 again at 19:00 In addition, there are rumors that some exchanges will withdraw bitcoin at a high premium in the near future. Therefore, most of the current trading platforms…
-
A Beginner’s Guide to Aptos Entrusted Pledge Function: Mortgage Your APT Tokens and Earn Rewards
According to reports, Aptos official Twitter has announced the launch of the entrusted pledge function, where users can now entrust their mortgage rights to tru
-
Trident has sold all ARBs allocated from Arbitrum
On April 25th, according to 0xScope monitoring, after Arbitrum completed the initial ARB allocation for its ecological DAO, the Arbitrum ecological chain game T
-
#Zilliqa Announces EVM Compatibility with Deployment on Main Network
On April 25th, according to the official blog, Layer1 blockchain Zilliqa announced specific arrangements and future deployments for launching EVM on the main ne
-
Square Enix releases trailer for NFT game “Symbiogenesis”
On March 16th, it was announced that Square Enix, the developer of \”Final Fantasy,\” has officially released a trailer for the latest NFT game \”Symbiogenesis\”, b
-
When is it cheaper to recharge Chinese games in US dollars
When to recharge US dollars According to CoinTelegraph, according to a new research report of the US Payment service provider Square, “recharge US dollars” is considered the most common way in the Cryptocurrency industry on April 1, 2020. As of early March this year, the company has processed nearly $1 billion worth of transactions. However, at the end of the first quarter of 2019, the total number of Bitcoin and Ethereum wallets on CashApp dropped to about 95000 addresses, which means that users can transfer their funds from one account to another and withdraw cash Is it cheaper to recharge Chinese games in US dollars? There are still many pain points in the development of the blockchain gaming industry Firstly, there is a lack of sufficient technical support; Secondly, the degree of globalization is not high. With the increasing regulation of Cryptocurrency in China, countries are increasingly willing to accept this new asset class – virtual currency (such as Bitcoin)….