Solend is on mainnet!

Solend is now live on Solana mainnet at solend.fi. You can lend and borrow in the blink of an eye! Solend has markets for SOL, USDC, ETH, and BTC. 

Deposit Limits

There’s an initial deposit limit of ~$1M per market and ~$10k per user per market. This is done to limit value at risk since Solend is brand new. These limits will be increased gradually.

For the exact limits, you can check it here.

Bug Bounty

In parallel, a $500K bug bounty program is launching on Immunefi. The details of the bug bounty program will be released soon.

If you find an issue with the programs (smart contracts), you can email them here.

ROADMAP

At Solend, they move with the speed you’ve come to love in crypto. But they still take the time to be meticulous and give attention to detail when it matters.

May

• Ideation
• Solana Season Hackathon

June

• Solana Season Hackathon continued
• devnet demo

July

• Auditing
• Protocol improvements
• Frontend improvements and bug fixes

August (early)

• Launch devnet

Which takes us to today. Going forward, we plan to deliver the following:

August

• Launch bug bounty
• Gradually increase deposit limits
• List new assets

September

• Liquidity mining program
• Launch SLND token

Q4 2021

• Isolated lending pairs
• Support for LP tokens
• Gradually transition governance to DAO

About Solend

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana.

With Solend, anyone with an internet connection can earn interest or take a collateralized loan against their assets on Solana. And it costs next to nothing.

Solend is blazing fast, dirt cheap, and unlocks a world of possibilities.

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