Too Long; Didn't Read
Solend, Solana’s largest lending DeFi protocol, was on verge of liquidation when its value plummeted and came dangerously close to a hefty margin call. If Sol had plummeted to $22.30, it would have automatically liquidated 20% of a single user's loan. Solend took to social media sites like Twitter and Reddit to get in touch with the whale and get them to pay more collateral. But the whale refused to restructure the loan and the plan went bust. Instead of stopping withdrawals like Celsius did, Solend canceled all borrowings.