Odaily Planet Daily News: The lending protocol Solend has been slow to liquidate due to congestion in the Solana network, resulting in a large number of positions not being liquidated in a timely manner. In the SOL loan pool, users owe the protocol $29.7 million USDC, while the SOL collateral is only $32.6 million. The LTV is as high as 91.1%, which has exceeded the 85% liquidation threshold. The protocol must sell nearly $2 million in SOL collateral to get the loan back below the liquidation threshold. (theblock)