Rooter (co-founder of Solend) and Edgar (co-founder of MarginFi) join us to debate last week's mSOL depeg and how to implement risk management. Last week's mSOL depeg led to liquidations throughout Solana DeFi and a heated debate between the Solend and MarginFi teams. In this episode, we discuss what happened, where Solend and MarginFi disagree, the oracle debate, why liquidator profitability matters, points systems vs token launches and more!

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(00:00) Introduction

(01:18) The mSOL depeg and Liquidation Debate

(32:15) Merinade Plug

(33:26) Two Risk Management Philosophies

(40:26) Why Liquidator Profitability Is So Important

(50:38) Addressing the Twitter Drama

(01:06:25) Professional vs Lazy LPs & Token Governance

(01:12:49) Solana Airdrops and Points

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Marinade is the most optimal way to stake on Solana. Unleash your staked SOL liquidity with their liquid staking token, mSOL, or use their new product called Marinade Native to get the best of Marinade's automated liquidated staking without the DeFi or peg risk! Check out Marinade today at https://marinade.finance/!

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Follow Edgar: https://twitter.com/edgarpavlovsky

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Resources

Tarun's new article on risk management

https://www.gauntlet.xyz/resources/how-to-measure-risk-models-part-i

MarginFi

https://twitter.com/marginfi

https://app.marginfi.com/

Solend

https://twitter.com/solendprotocol

https://solend.fi/

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.