Solend (SLND)

What is Solend?

Solend is a decentralized, algorithmic protocol for lending and borrowing in Solana.

Lending and borrowing has proven to be key in a DeFi ecosystem. However, current products are slow and expensive. In Solana, Solend can scale to be 100 times faster and 100 times cheaper. Solend aims to be the easiest to use and most secure solution in Solana.

Outstanding Features

Solend is a hundred times faster and cheaper than Aave or Compound, making DeFi accessible to everyone as it was intended.

What is the unique selling point?

Transaction fee

On Ethereum, the cost problem when you perform financial tasks such as borrowing and borrowing property can cost up to $50. A number for retail investors is quite significant, even reducing your motivation when trading. Solend is developed on the basis of Solana blockchain, so transaction fees are very cheap.

Ability of extension

After solving the cost problem, expanding the utilities inside the product, or connecting more with other protocols is also one of the advantages that Solana blockchain technology brings to Solend.

Advantages of features on Solend

Solend has a very user-friendly and easy-to-use dashboard (dashboard) that meets Solend’s original product building criteria.

When depositing assets into Solend, you will receive a portion of the interest automatically calculated by the algorithm.

Governance on Solend will gradually be transitioned back to a decentralized autonomous organization ( DAO ) to empower the community to participate in project governance. This makes the community more motivated to accompany and develop the project.

Network Effects – Network Effects

Lending platform (Solend) – a proven piece of the puzzle that is very important in circulating liquidity, throughout the DeFi ecosystem of any blockchain, Solana is no exception.

Tokens when integrated into Solend will open many useful features for the tokens themselves on the Solana ecosystem. Investors who hold or mortgage them will have additional profits depending on the purpose of borrowing. These tokens can be taken away to provide liquidity, opening up a lot of collateral opportunities.

Gradually, the above will create a win-win relationship. In it, investors get more profits and the tokens of the projects also benefit. These factors combined contribute to creating a positive chain reaction on DeFi projects on Solana.

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