Solana-based decentralized finance (DeFi) platform Solend plans to improve risk management and decentralization with the Solend V2 lending and borrowing protocol.

Solend in an official blog announced the Solana V2 litepaper. The platform aims to produce an improved lending protocol Solend V2, combining the learnings from events that impacted its success. It will ship in stages over the coming months, the first of which has just begun audit.

Solana-based protocol Solend has encountered several problems due to events such as Solana blockchain outages, a $1.26 million Solend oracle exploit in November, and the FTX-Alameda Research crisis.

Solend V2 introduces features such as protected collateral, TWAP oracle, borrow weights, outflow rate limits, collateralization limits, isolated tier assets, and dynamic liquidation bonus. These features will address limitations in the Solend V1, especially resolving collateral and liquidity problems.