Lending Protocol Solend Expansion Is Now More Active With Sui

Key Points:

• Lending protocol Solend expansion is now on the Sui blockchain, aiming to broaden its DeFi reach and contribute to Sui’s ecosystem.
• Sui collaborates with top security firms to rigorously audit Solend’s code, ensuring the highest standards of security and protection for assets.

Solend, the leading lending and borrowing protocol on Solana, is set to expand its reach by launching on the Sui blockchain, marking its first deployment beyond Solana. 

Lending Protocol Solend Expansion: Launching on Sui Blockchain

This strategic move is poised to introduce Solend’s robust decentralized finance (DeFi) offerings to a new user community while bolstering the Sui ecosystem with additional builders.

With over $140 million in total value locked (TVL) and support for more than 70 assets across 170,000 users, Solend has established itself as Solana’s largest lending and borrowing platform.

Boasting over 20 developer integrations, it remains a prominent player in Solana’s DeFi development landscape. The lending protocol Solend expansion to Sui aims to tap into a fresh user base and attract more builders to contribute to the growth of the Sui network.

As a part of Sui’s commitment to security, the Move language, intrinsic to the platform, provides unique protection for smart contracts. Collaborating with leading blockchain security firms, Zellic and Ottersec, Sui ensures rigorous audits of project codebases, including Solend’s, to meet the highest security standards on the Sui blockchain.

Sui’s appeal extends beyond security, offering top-tier performance through parallel processing for transactions, resulting in low latency and scalable operations.

With a peak throughput of up to 297,000 transactions per second and a time-to-finality of approximately 480 milliseconds, Sui has demonstrated remarkable efficiency, setting records for daily transaction volumes within just four months of operation.

The lending protocol Solend expansion to Sui signifies a strategic alliance between two thriving blockchain ecosystems, promising a broader user base and increased development opportunities in the DeFi landscape.

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