Wednesday, April 17, 2024
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The group behind Solend, the highest lending platform on the Solana blockchain, is: announced At present is their presentation new A DeFi lending and borrowing protocol utilizing the Sui blockchain. Named “Suirendo”, new The challenge is constructed utilizing the Transfer programming language, leveraging Sui’s excessive efficiency and superior tooling capabilities.

Solend protocol is the ninth largest in Solana with $212 whole quantity locked Make 1,000,000 That is the first lending protocol on the blockchain. We serve over 170,000 customers who lend and borrow throughout over 70 asset sorts.

Since its launch 10 months in the past, Sui’s DeFi protocol has grown quickly and now has over $500 million in whole locked quantity, as shared in a latest article on Sui. blog post. With the Suilend protocol, the Solend group goals to benefit from the excessive throughput and quick settlement occasions which are particularly helpful for his DeFi protocols.

Rooter, the pseudonymous founding father of Solend, mentioned the group’s objective with Suilend is to construct a “rocket ship” utilizing the superior instruments supplied by Sui and Transfer.

“Growing on Ethereum and Solana felt like constructing a cathedral with a chisel and a hammer. That’s to not say it will possibly’t be constructed. great Cathedrals are a number of the most vital of them stunning human achievements.However we need to construct This requires superior instruments reminiscent of laser cutters and welders. That is what Sui and Transfer provide with higher developer instruments,” he mentioned.

In response to the challenge’s announcement on X, Suilend’s mainnet launch is at present accessible to Beta Cross holders.

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