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.
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