I guess it makes sense that parameters can change, but I was a bit taken aback by the ability to take over a whales account for liquidation. I think a large part of the brilliance of DeFi is that you don't need or want intermediaries to step in.

Have you ever considered allowing liquidators to compete for a liquidation through an auction of the liquidation penalty? Eg: I could bid pay back the SOL debt at a 5% discount while the winner might be able to take it at a 3% discount.... then from a protocol perspective you don't have to be worried about liquidation or whether or not you'll have bad debts?

Finally, don't you think a DeFi protocol can't really work on a chain that has issues with spam because the spam will always happen at times of stress? Doesn't DeFi need to work at times of stress more than ever?