Solana’s Biggest DeFi Lender Almost Got Rekt

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Tyler Moore

That eerie prospect threatened to become a nightmarish reality last week for Solend, Solana’s second-biggest decentralized finance (DeFi) outpost. Its single-largest user – a wallet with $107 million in USDC borrowed against $170 million in SOL collateral – was on the verge of liquidation and completely MIA. Developers tried Reddit posts, on-chain messages, even Twitter memes, hoping to alert the anonymous account of its impending fate.