SLND6: Use Treasury to Repay Bad Debt in Kamino Pool

Solend
Solend
Published in
Nov 16, 2022

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This is a copy of the governance proposal posted at https://govern.solend.fi/dao/SLND/proposal/8vQbMBnKUyJYvDX4uKrx9gPspvweT42y4i1ecQMNj9G3

Dear Solend community,

An oracle attack on USDH on Nov 2nd resulted in $188k of bad debt (at current prices) in the Kamino pool. Hubble has offered to provide Solend with half the bad debt owed to users.

SLND6 proposes to cover the other half of the bad debt using treasury funds, ensuring that no users lose funds.

We thank the Hubble team for looking out for users of the Kamino pool.

Options

  • Vote Yes: Repay bad debt alongside Hubble in the Kamino pool.
  • Vote No: Do nothing.

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