Introduction to Solend
Solend is an algorithmic protocol that allows users to earn interest, borrow, leverage long or short on Solana. It claims to be fast, cheap and secure, and aims to be the easiest to use solution …
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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