Solend Blog bSOL Listing in Main pool

bSOL has been added to the main pool. It initially has an LTV of 0% and borrows disabled.Historically LSTs have been held back from being listed in the Main pool due to insufficient liquidity to support safe borrowing. But since the launch of staked deposits, all LSTs using SPL stake-pool effectively share liquidity. This is because LSTs can be redeemed for a staked account, which can then be staked directly with another LST. So even though bSOL on its own has low liquidity, it can be converted to other LSTs to plug into their liquidity.However, there’s still one problem: the upgrade key for the SPL Stake Pool program is a single wallet. In the wrong hands, it could be used to maliciously upgrade the program to enable exploits, for example by minting unlimited tokens and draining the pool. As we understand, the wallet is securely stored, but the Main pool listing criteria requires asset upgradability to be nonexistent or behind a multisig.Given there are imminent plans for the upgrade key to be burned, bSOL has been listed with an LTV of 0% and borrows disabled. LTV will be increased after the key is burned. This allows users to reserve deposit capacity while presenting no risk to the Main pool.Yours truly,Solend TeambSOL Listing in Main pool was originally published in Solend on Medium, where people are continuing the conversation by highlighting and responding to this story.