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Suilend
Suilend is a decentralized lending and borrowing protocol on the Sui network. It enables users to supply assets to earn yield or borrow assets against their collateral. The platform is designed with a focus on security and risk management, utilizing isolated pools for different assets and supports a wide range of assets, including stablecoins, major cryptocurrencies, and various ecosystem tokens.
Distributed
Description
Suilend is a decentralized finance (DeFi) lending protocol on the Sui blockchain that allows users to lend and borrow digital assets, earning interest on supplied assets and paying interest on borrowed ones. The platform provides a detailed dashboard showing key metrics like total deposits, total borrows, and Total Value Locked (TVL). To manage risk, assets are categorized into a 'Main Market' (with assets like SUI, USDC, wBTC, suiETH) and 'Isolated Pools' for other tokens, which segregates risk by asset type, each with specific Loan-to-Value (LTV) ratios and APRs. Suilend also incorporates features like staking options, rewards in different tokens, Account NFTs representing a user's position, and has conducted security audits to ensure the safety of the protocol, aiming to be a core component of the Sui DeFi ecosystem.Grant Funding
VC Funding
None
2024
$0
$6M