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In the world of decentralized finance (DeFi), complex lending protocols and high fees create barriers for users seeking to borrow and lend. Suilend was built by the team behind the successful Solend lending protocol with over $400 million in total value locked (TVL). It’s launched on Sui with a clear mission to make DeFi lending simple, secure and accessible.
This article explores Suilend's innovative features, its native SEND token and its reshaping of DeFi on Sui’s blockchain. We'll delve into Suilend's history, examine its unique offerings and analyze its potential as an investment opportunity in the growing Sui ecosystem.
Key Takeaways:
Suilend is a decentralized lending protocol built on Sui that enables users to borrow and lend crypto assets. Its features include multi-asset collateral support, dynamic interest rates, risk-isolated lending pools and liquid staking.
Looking to trade Suilend tokens? Bybit now offers the SEND/USDT Spot trading pair.