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The Solend team, the premier lending platform on the Solana blockchain, today announced new A DeFi lending and lending protocol based on the Sui blockchain. Named ‘Suilend’ new The project was built using the Move programming language, leveraging Sui’s high-performance and advanced tooling capabilities.
@SuilendProtocol Currently broadcasting on Sui! that much @solendprotocol The team went from “building a cathedral with a chisel and hammer” to creating a “rocket ship” in Sui. #move.
Give them a warm welcome and jump on the platform here! https://t.co/sHzmK2wIQy pic.twitter.com/LpM0IaoWg1
— Sui (@SuiNetwork) March 11, 2024
The Solend protocol is the 9th largest protocol on Solana, with a total trading volume locked at $212. million, making It is the leading lending protocol on blockchain. It serves over 170,000 users providing loans and advances across over 70 asset types.
Since its launch 10 months ago, Sui’s DeFi protocol has grown rapidly, currently attracting over $500 million in total locked volume, as shared in Sui’s recent blog post. With the Suilend protocol, the Solend team aims to leverage high throughput and fast settlement times that are particularly advantageous for DeFi protocols.
Rooter, Solend’s pseudonymous founder, said the team’s goal at Suilend is to build a “rocket ship” using the advanced tools provided by Sui and Move.
“Developing on Ethereum and Solana felt like building a cathedral with a chisel and hammer. That doesn’t mean you can’t build a building. exorbitant Things – Cathedrals are some of the most beautiful human achievement. but we build Rocket delivery requires advanced tools such as laser cutters and welders. That’s what Sui and Move do, providing better developer tools,” said Rooter.
According to the project announcement for X, Suilend’s mainnet launch will be accessible to current beta pass holders.
Suilend is now live on mainnet! https://t.co/VPAgs46Rov pic.twitter.com/SGDInXbW3W
— Suilend (@suilendprotocol) March 11, 2024
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