solend

Solend has achieved a significant milestone by having over $100 million in borrowed assets.

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Solend, the top lending and borrowing protocol on Solana, is expanding to the Sui blockchain for its first launch outside of Solana.

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Marinade DAO proposes 50 million MNDE for "Marinade Earn Season 3" reward event, allocating 25 million to deepen liquidity of mSOL in DeFi through Solend strategy.

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Solend has rebranded itself as Save, and has launched several new products:

🔵 SUSD - a decentralized stablecoin protocol that allows 0% interest borrowing against SOL.
🔵SaveSOL - a liquid staking token for SOL, providing flexibility and yield. It has high synergy with LSTs and lending.
🔵DumpyDotFun - a platform for shorting memecoins.

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Suilend's Total Value Locked (TVL) hits record high of $70 million.

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Solend announced that the Season 2 comes to an end, distributing 1,100,000 $SLND to users.

The season ran from April 11th to July 12th, and deposits with a 2x multiplier were eligible for rewards if made before April 17th.

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Suilend, a lending protocol created by the Solend team, is introducing a points campaign to incentivize users to deposit assets on the platform.

As the fastest-growing lending platform on Sui, Suilend has amassed over $40 million in total value locked since its launch on March 11, 2024.

#Suilend #sui #solend #CryptoWatchMay2024 #buythedip