« Back
Solend
  • DeFi

Solana

Life-time
Contributions Received

  • $ 6,170 Community Contribution
  • 0 Contributors
  • 6,170 Votes Received
Vision
Solend is an algorithmic, decentralized protocol for lending and borrowing.
Description

DeFi is replacing the world financial system, but currently has some challenges. It's slow and incredibly expensive on Ethereum ($300 for one interaction i.e. supply/borrow/withdraw). Solana solves these problems, but doesn't have a lending ecosystem.

Solend allows anyone with an internet connection to earn interest on their assets and manage collateralized loans. It also allows users to create leverage long or short positions, use LP positions as collateral, and use interest bearing ctokens in other DeFi dapps. Solend is bootstrapping a credit market on Solana, a crucial primitive of any financial system.

Team Information

0xrooter, 0xfalcon, 0xapollo, 0xwizard, 0xcactus, 0xcombover

    • Solana Grant

      Closed  · 2021/05/01 04:00 - 2021/06/27 12:00
      • 6170.1 USDC Community contribution
      • - Contributors
      • 6170 Votes received