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What are the steps to recover funds after a liquidation event in Solend's cryptocurrency lending platform?

avatarAbhinav AroraDec 25, 2021 · 3 years ago3 answers

Can you explain the process of recovering funds after a liquidation event occurs in Solend's cryptocurrency lending platform? What are the necessary steps to follow?

What are the steps to recover funds after a liquidation event in Solend's cryptocurrency lending platform?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    After a liquidation event in Solend's cryptocurrency lending platform, the first step to recover funds is to assess the situation and determine the amount of funds that were lost. Once you have this information, you can proceed to the next step.
  • avatarDec 25, 2021 · 3 years ago
    To recover funds after a liquidation event in Solend's cryptocurrency lending platform, you need to contact the platform's support team and provide them with the necessary details. They will guide you through the recovery process and assist you in retrieving your funds.
  • avatarDec 25, 2021 · 3 years ago
    In the case of a liquidation event in Solend's cryptocurrency lending platform, the recovery process involves submitting a claim to the platform's liquidation fund. The fund will then distribute the recovered funds among the affected users based on their losses. It's important to follow the instructions provided by Solend and provide all the required documentation to ensure a smooth recovery process.