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Solana Solend Launches Loan Agreement in First Phase of SolendV2: What You Need to Know

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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

Solana Solend Launches Loan Agreement in First Phase of SolendV2: What You Need to Know

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

Are you interested in the Solana blockchain ecosystem updates? On April 11, it was reported that the loan agreement on Solana Solend had been launched in the first phase of SolendV2. Three new functions were updated, including 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. Let’s dive deeper into the details.

What Is Solona Solend?

Solana Solend is a decentralized finance platform built on the Solana blockchain ecosystem. It offers many services, such as borrowing and lending, margin trading, and yield farming. Additionally, Solona Solend aims to provide users with fast, cheap and secure transactions with its light-speed network.

What Is the Loan Agreement on Solana Solend?

The loan agreement is a significant feature that Solana Solend offers its users. It allows users to borrow or lend cryptocurrencies in the Solana blockchain ecosystem. Borrowers can use their collateral to secure loans, while lenders can provide liquidity to earn interest rates.

What Is SolendV2?

SolendV2 is the upgraded version of the Solona Solend platform, with three new functions updated, including loan weight, TWAP oracle machine, and capital outflow rate limit. With these new features, the platform aims to provide more efficient and secure transactions.

What Are Loan Weight, TWAP Oracle Machine, and Capital Outflow Rate Limit?

Loan weight measures the amount of collateral required to borrow a cryptocurrency from Solana Solend. The higher the loan weight, the more collateral one needs to borrow. The TWAP oracle machine provides reliable and accurate price information for each asset listed on Solona Solend. Finally, the capital outflow rate limit limits the amount of capital that can flow out of the platform, ensuring its stability.

What Are the New Parameters of LTV and Loan Weight?

The new parameters of LTV and loan weight will come into effect on April 17. LTV is the loan-to-value ratio, an important factor that affects the loan weight. With the new parameters, borrowers will need to provide more collateral to borrow stablecoins such as USDT or USDC, while less to borrow cryptocurrencies such as SOL.

What Should Users Do After the Update?

After the update, users need to update their open positions. They should check the new requirements of LTV and loan weight to ensure their open positions have enough collateral. If not, they must deposit more collateral or withdraw their assets.
In conclusion, Solana Solend continues to provide innovative services to the users of its blockchain ecosystem. With the launch of the loan agreement in the first phase of SolendV2, borrowers and lenders can enjoy even more efficient and secure transactions. Users need to update their open positions before April 17, following the new parameters of LTV and loan weight.
# FAQs:
Q: What makes Solana Solend different from other decentralized finance platforms?
A: Solana Solend offers fast, cheap, and secure transactions with its light-speed network. Additionally, it provides innovative services such as borrowing and lending, margin trading, and yield farming.
Q: What is the loan-to-value ratio, and how does it affect loan weight?
A: The loan-to-value ratio measures the amount of collateral required to borrow a cryptocurrency from Solana Solend. It affects loan weight, meaning the higher the loan-to-value ratio, the higher the collateral requirement.
Q: What should users do if their open positions do not meet the new requirements of LTV and loan weight?
A: Users must deposit more collateral or withdraw their assets to update their open positions before April 17.

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