Whale Liquidation Risks

I would like to start the conversation with regards to the recent Solend situation.

I don’t think it’s productive to focus on criticizing the Solend team are community. What I think would be productive is to discuss how Jet should respond should we find ourselves in a similar situation.

Mango has a writeup worth reviewing.

And @jrmoreau posted a thread specific to Jet.

What are your concerns or ideas on how we should respond if we find ourselves in a similar situation?

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Thank you for opening up this discussion. Loved reading through @jrmoreau’s thread too.

Because market conditions can change so quickly, I think we can all agree that it’s important to have a well-thought out plan in place for situations like this. Leaders of “Web2” companies spend countless hours thinking about business continuity and risk management, so why shouldn’t we do the same?

Other big learning from this situation is that governance should never just be an afterthought. Jet is absolutely crushing it here!