[psKama]

> This whale is probably just happy to default on the loan and get liquidated at this point.

It's too bold to assume this. This whale is probably so angry right now because they ruined his/her plan causing him/her million of dollars. 1) Find an opportunity to drive the price of SOL down due stupid DeFi design lacking 101 Economy knowledge. 2) Go short on SOL 3) Use the opportunity to cause a slippage of 46% in price which further triggers chain liquidation which causes the price even to go further down and most likely cause Solend to shut down creating more and more panic sell. 4) Make crazy profit.

Solend to call themselves "decentralized" now is just a joke.

[SilasX]

If they wanted to do that, they would have deposited stablecoins and borrowed Solana.

[UncleEntity]

Unless they had a plan that only worked by doing it the way they did it.

People don’t really make crazy profits by following the herd, they see something everyone else misses and bet big.

[SilasX]

What is that replying to? What I suggested isn’t “following the herd”, and does attempt to profit off of something others didn’t notice. And unlike the plan the parent gave, this one actually results in a short position in SOL and which allows you to dump the SOL on the market at a time of your choosing, rather than whether it happens to fall far enough and the interest has accumulated enough.

The position of the whale, under the parent’s plan, is a clumsier version of what I described because it leaves an unknown lag before the SOL gets dumped.

> Unless they had a plan that only worked by doing it the way they did it.

I don’t know many short gambles that actually take a long, and which deliberately introduce uncertainty in when an asset is dumped on the market. And if this is your best defense of its merits (“maybe this is the only way it would work”), you’re offering nothing but unbacked speculation (that mistakenly read me as suggesting they “follow the herd”, no less).