Verify a decision

{"actor":"system:backfill","investigation_id":"06f34109-9951-47ea-ae21-df04371af154","kind":"publish","page_slug":"save","published_at":"2026-05-28T16:29:08.783Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Save","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.save.finance/","type":"other","url":""},{"credibility":3,"name":"https://solanacompass.com/projects/save","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/221272/team-behind-top-lending-protocol-launches-suilend-on-sui","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/tech/2022/06/19/solana-defi-platform-votes-to-control-whale-account-in-bid-to-avoid-liquidation-chaos","type":"other","url":""},{"credibility":3,"name":"https://fortune.com/2022/06/20/solana-defi-platform-solend-votes-to-reverse-emergency-powers-to-take-over-whale-account/","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/103330/solana-lending-dao-overturns-vote-to-take-over-at-risk-whale-wallet","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/153011/new-solend-vote-invalidates-governance-decision-to-take-over-whale-account","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/solend-invalidates-solana-whale-wallet-takeover-plan-with-second-governance-vote","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/103489/solend-whale-108m-loan-nearly-crashed-solana","type":"other","url":""},{"credibility":3,"name":"https://fortune.com/2022/06/28/binance-solana-defi-whale-account-liquidation/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/business/2022/11/02/defi-protocol-solend-struck-by-126m-oracle-exploit","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/182055/solend-exploited-attack","type":"other","url":""},{"credibility":3,"name":"https://ackee.xyz/blog/2022-solana-hacks-explained-solend/","type":"other","url":""},{"credibility":3,"name":"https://immunebytes.com/blog/solends-isolated-pools-exploitation-nov-2-2022-detailed-analysis/","type":"other","url":""},{"credibility":3,"name":"https://www.web3isgoinggreat.com/?id=oracle-attack-on-solend-costs-the-project-1-26-million","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://en.wikipedia.org/wiki/ZachXBT","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://beincrypto.com/solend-passes-counter-proposal-slnd1-criticism-forfeits-emergency-powers-overtake-accounts/","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/what-decentralization-solend-approves-whale-wallet-takeover-to-avoid-defi-implosion","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/153011/new-solend-vote-invalidates-governance-decision-to-take-over-whale-account","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.save.finance/protocol/audit","type":"other","url":""},{"credibility":3,"name":"https://docs.save.finance/protocol/bug-bounty","type":"other","url":""},{"credibility":3,"name":"https://docs.save.finance/getting-started/risks","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/save","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/solend","type":"other","url":""},{"credibility":3,"name":"https://save.finance/save","type":"other","url":""},{"credibility":3,"name":"https://blog.sui.io/solend-lending-protocol-suilend-launch/","type":"other","url":""}]}],"sources_used":[],"summary":"Save (formerly Solend) is a Solana-based algorithmic lending and borrowing protocol that has operated since 2021. The protocol has been flagged by ZachXBT and carries a history of two significant incidents: a controversial governance vote in June 2022 that briefly granted the team emergency powers to seize a user's wallet, and a $1.26 million oracle manipulation exploit in November 2022. The protocol rebranded from Solend to Save in late 2024 and continues to operate with approximately $74 million in total value locked as of mid-2026.","timeline":[{"date":"2021-01-01","event":"Solend protocol launches on Solana as an algorithmic lending and borrowing platform.","source":"Save Finance documentation","source_url":"https://docs.save.finance/"},{"date":"2022-06-19","event":"Solend passes governance proposal SLND1, granting the team 'emergency powers' to take over a whale user's wallet holding 5.7 million SOL and $108 million in stablecoin borrows. Proposal passes 97.5% in favor with only 1.13% quorum participation, within a seven-hour window.","source":"CoinDesk","source_url":"https://www.coindesk.com/tech/2022/06/19/solana-defi-platform-votes-to-control-whale-account-in-bid-to-avoid-liquidation-chaos"},{"date":"2022-06-20","event":"Community backlash prompts a second governance vote, SLND2, which passes with 99.8% approval and invalidates SLND1, revoking emergency powers. Minimum voting period extended to one day.","source":"Fortune","source_url":"https://fortune.com/2022/06/20/solana-defi-platform-solend-votes-to-reverse-emergency-powers-to-take-over-whale-account/"},{"date":"2022-06-21","event":"The whale borrower begins moving funds, transferring $25 million in USDC debt to Mango Markets, reducing systemic risk on Solend.","source":"CoinDesk","source_url":"https://www.coindesk.com/tech/2022/06/21/solend-says-whale-at-center-of-solana-defi-controversy-starts-moving-funds"},{"date":"2022-06-28","event":"Binance intervenes to facilitate an OTC liquidation of the remaining whale position, resolving the liquidation crisis without triggering a chaotic on-chain sell-off.","source":"Fortune","source_url":"https://fortune.com/2022/06/28/binance-solana-defi-whale-account-liquidation/"},{"date":"2022-10-28","event":"First attempted USDH oracle manipulation attack on Solend; arbitrage activity reverses the price manipulation in the same block, preventing a successful exploit.","source":"Ackee Blockchain","source_url":"https://ackee.xyz/blog/2022-solana-hacks-explained-solend/"},{"date":"2022-11-02","event":"Solend suffers a $1.26 million oracle manipulation exploit targeting the USDH stablecoin price feed. The Stable, Coin98, and Kamino isolated pools are drained. Affected pools are disabled.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2022/11/02/defi-protocol-solend-struck-by-126m-oracle-exploit"},{"date":"2023-08-16","event":"Solend announces that all users affected by the November 2022 oracle exploit have been fully compensated. Approximately $900,000 was recovered from the attacker; the protocol covered the remainder.","source":"Ackee Blockchain / Solend announcement","source_url":"https://ackee.xyz/blog/2022-solana-hacks-explained-solend/"},{"date":"2024-03-01","event":"The Solend team (pseudonymous founder Rooter) launches Suilend on the Sui blockchain, which becomes Sui's leading DeFi lending protocol.","source":"Sui Blog","source_url":"https://blog.sui.io/solend-lending-protocol-suilend-launch/"},{"date":"2024-08-01","event":"Solend (now operating as Save Finance) reaches over $400 million in TVL, marking its peak under the rebranded identity.","source":"Analytics Insight","source_url":"https://www.analyticsinsight.net/cryptocurrency-analytics-insight/solend-announces-new-solana-defi-protocol-with-rebrand-to-savefinance"},{"date":"2024-12-12","event":"Save Finance completes the token migration from SLND to SAVE at a 1:1 ratio, formalizing the rebrand.","source":"Save Finance","source_url":"https://save.finance/save"}]},"v":1}