Suilend, a decentralized lending protocol on Sui, lets users deposit and borrow crypto with algorithmic interest rates and over-collateralization.
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Suilend, created by the Solend team, is a decentralized lending platform on the Sui blockchain. Users can deposit cryptocurrencies into pools to earn interest, which then allows others to borrow those assets. Interest rates are algorithmically determined by supply and demand. Loans are secured through over-collateralization, and the protocol is non-custodial, giving users complete control over their funds via smart contracts. Suilend focuses on security and ease of use for decentralized lending and borrowing.
As of now, Suilend is trading at 0.6776 USD, with a 24-hour trading volume of approximately 1.16M USD. The SEND to USD price is updated in real time. Over the past 24 hours, Suilend has increased by 6.87%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 33.04M USD. Currently, there are 48 755 741 SEND in circulation out of a maximum supply of 100 000 000 SEND.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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