> For the complete documentation index, see [llms.txt](https://solend-finane.gitbook.io/us/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://solend-finane.gitbook.io/us/introduction-to-solend.md).

# Introduction to Solend

##                                        [Solend](https://solend.fi/)

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## Solend: DeFi Lending And Borrowing On Solana

* Solend is a leading decentralized finance (DeFi) lending and borrowing platform built on Solana. Users can earn interest, borrow against, leverage long and short crypto assets on the platform.
* Aave and Compound, which are similar DeFi platforms built on Ethereum, have seen strong adoption. AAVE & COMP governance tokens have a combined value of \~$6 billion (\~$8 billion fully diluted).
* Although Solend currently has less than 10% of the Total Value Locked (TVL) of either Aave or Compound, the platform is experiencing exponential growth after launching its governance token, SLND.
* Solana's cheap transaction fees and high throughput make it a preferred destination for DeFi, especially smaller transactions. Solend will likely benefit as an early leader in the Solana ecosystem.
* Solend's SLND governance token is an attractive way to gain exposure to Solana's DeFi market. Onerous DeFi regulations will likely not appear in the near term, benefitting DeFi first movers.

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