Suilend is a Lending/Borrowing platform built on the Sui ecosystem. Developed by the team behind Save (formerly known as Solend), a prominent lending protocol on Solana that once reached a Total Value Locked (TVL) of $900 million, Suilend aims to become a leading Lending/Borrowing solution on Sui, similar to Save's success on Solana. Currently, Suilend has not launched its token but is running a point-earning event for users who frequently participate in borrowing activities on the platform.

Suilend operates similarly to conventional Lending/Borrowing projects, allowing users to collateralize assets and begin borrowing. The process is straightforward and user-friendly:

1. Connecting a Wallet: Users access the platform at suilend.fi and connect their Sui wallet, such as Coin98 Super Wallet or OKX.

2. Collateralizing Assets: Users select the asset they wish to collateralize and click Deposit. They then choose the asset they want to borrow in the Borrow section. If no borrowing occurs, users earn interest based on their collateralized assets.

Before participating, users should consider two key metrics:

• Loan to Value (LTV): This ratio indicates the maximum amount a user can borrow based on the collateral. For instance, with a 70% LTV, users can borrow an amount equivalent to 70% of their collateral's value. If market fluctuations push the LTV above the limit, part of the collateral may be liquidated to restore a safe LTV level. It is advisable to maintain an LTV of 50% to minimize liquidation risks.

• Deposit APR and Borrow APR: These indicate the return on lending (Deposit APR) and the interest rate for borrowing (Borrow APR). A higher Deposit APR compared to the Borrow APR means users can borrow without paying interest.

Suilend offers several notable features:

• High Transaction Speed and Low Fees: Built on the Sui network, Suilend enables fast transactions with low fees for borrowing and collateralizing assets.

• Experienced Team: The development team, formerly from Save, has a strong background that may guide Suilend toward similar success.

• Asset Variety: Due to the limited number of assets on Sui, Suilend collaborates with Wormhole to introduce wrapped tokens for major assets like ETH, SOL, and USDC.

• Competitive Interest Rates: Suilend stands out by offering higher Deposit APRs than Borrow APRs, with borrowing rates between 1% and 5%, compared to 2% to 15% on other platforms.

In summary, Suilend is poised to establish itself as a prominent player in the Lending/Borrowing space within the Sui ecosystem, leveraging its experienced team and user-friendly features.

Suilend is a Lending/Borrowing platform built on the Sui ecosystem. Developed by the team behind Save (formerly known as Solend), a prominent lending protocol on Solana that once reached a Total Value Locked (TVL) of $900 million, Suilend aims to become a leading Lending/Borrowing solution on Sui, similar to Save's success on Solana. Currently, Suilend has not launched its token but is running a point-earning event for users who frequently participate in borrowing activities on the platform.

Suilend operates similarly to conventional Lending/Borrowing projects, allowing users to collateralize assets and begin borrowing. The process is straightforward and user-friendly:

1. Connecting a Wallet: Users access the platform at suilend.fi and connect their Sui wallet, such as Coin98 Super Wallet or OKX.

2. Collateralizing Assets: Users select the asset they wish to collateralize and click Deposit. They then choose the asset they want to borrow in the Borrow section. If no borrowing occurs, users earn interest based on their collateralized assets.

Before participating, users should consider two key metrics:

• Loan to Value (LTV): This ratio indicates the maximum amount a user can borrow based on the collateral. For instance, with a 70% LTV, users can borrow an amount equivalent to 70% of their collateral's value. If market fluctuations push the LTV above the limit, part of the collateral may be liquidated to restore a safe LTV level. It is advisable to maintain an LTV of 50% to minimize liquidation risks.

• Deposit APR and Borrow APR: These indicate the return on lending (Deposit APR) and the interest rate for borrowing (Borrow APR). A higher Deposit APR compared to the Borrow APR means users can borrow without paying interest.

Suilend offers several notable features:

• High Transaction Speed and Low Fees: Built on the Sui network, Suilend enables fast transactions with low fees for borrowing and collateralizing assets.

• Experienced Team: The development team, formerly from Save, has a strong background that may guide Suilend toward similar success.

• Asset Variety: Due to the limited number of assets on Sui, Suilend collaborates with Wormhole to introduce wrapped tokens for major assets like ETH, SOL, and USDC.

• Competitive Interest Rates: Suilend stands out by offering higher Deposit APRs than Borrow APRs, with borrowing rates between 1% and 5%, compared to 2% to 15% on other platforms.

In summary, Suilend is poised to establish itself as a prominent player in the Lending/Borrowing space within the Sui ecosystem, leveraging its experienced team and user-friendly features.