Solana Solend Loan Agreement Launches on SolendV2 with Updated Features

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 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.

What is Solana Solend?

Solana Solend is a decentralized finance (DeFi) platform built on top of the Solana blockchain network. It allows users to borrow and lend cryptocurrencies in a decentralized manner by providing collateral. Solend provides a platform for users to trade assets directly without having to go through centralized exchanges, which can be slow and expensive.

Loan Agreement on Solana Solend

The Solana Solend loan agreement allows users to borrow cryptocurrencies by providing collateral in the form of other cryptocurrencies. Users can borrow up to 80% of the value of their collateral assets. The loan agreement is governed by smart contracts, which automatically execute the terms of the agreement when certain conditions are met.
The loan agreement on Solana Solend has been launched in the first phase of SolendV2, and includes new features that enhance the platform’s functionality. These new features include loan weight, TWAP oracle machine and capital outflow rate limit.

Updated Features on Solana Solend

Loan Weight

Loan weight is a new parameter that affects the amount of collateral required for a loan. It is calculated based on the volatility of the collateral asset and the loan-to-value (LTV) ratio. The higher the volatility of the collateral asset, the higher the loan weight. This means that users will have to provide more collateral to borrow volatile assets.

TWAP Oracle Machine

TWAP oracle machine is a new feature that provides a more accurate price feed for the Solend platform. It calculates the average price of an asset over a certain time period (usually 24 hours) and provides this information to the smart contracts that govern the loan agreement. This provides a more accurate reference price for collateral assets.

Capital Outflow Rate Limit

Capital outflow rate limit is a new feature that limits the rate at which capital can flow out of the platform. This prevents sudden and large withdrawals from destabilizing the platform. The rate at which capital can flow out of the platform is tied to the amount of collateral assets in the platform. As more collateral assets are added to the platform, the rate at which capital can flow out increases.

Upcoming Changes on Solana Solend

The new parameters of LTV and loan weight will take effect on April 17. This means that users need to update their open positions to comply with the new parameters. Failure to update their positions may result in the liquidation of their collateral assets.

Conclusion

The launch of the loan agreement on Solana Solend in the first phase of SolendV2 with updated features marks a new era in decentralized finance on the Solana network. With these new features, Solend offers more functionality and security to users who want to participate in decentralized finance.

FAQs

Q: What is Solana Solend?
A: Solana Solend is a decentralized finance (DeFi) platform built on top of the Solana blockchain network.
Q: What is the loan agreement on Solana Solend?
A: The Solana Solend loan agreement allows users to borrow cryptocurrencies by providing collateral in the form of other cryptocurrencies.
Q: What are the new features on Solana Solend?
A: The new features on Solana Solend include loan weight, TWAP oracle machine and capital outflow rate limit.