Solana


Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. It is a layer 1 network that offers fast speeds and affordable costs. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

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Cryptocoins News / Blockchain  - 2 years ago

Solana Introduces Web3 Mobile Phone Saga

Solana Labs subsidiary Solana Mobile has announced the launch of the mobile phone “Saga” set for launch in 2023. The flagship Android mobile phone is a modified OSOM handset which consists of speciality crypto wallet functions and the “Solana Mobil...

by COINS NEWS - 2 years ago

Solend, the largest lending market on Solana is about to have a crippling liquidation of $170m SOL that could crash the network. To prevent this, the decentralized protocol is proposing to seize the user's funds via governance

There is a large liquidation watch on Solana's Solend protocol, where a whale has deposited 5.7M SOL ($170M and borrowed 108M USDC and USDT borrowed. This alone accounts for a huge % of borrowing on Solana, and now this position is under a liquid...