Saber announces launch of cSOL/cmSOL Solend pool!
Saber is proud to announce the second of the Solend cToken pools, cSOL/cmSOL!
Saber is excited to work with Solend on increasing access to yield-bearing assets for users across Solana.
According to Solend:
“cTokens are a yield-bearing deposit receipt. Let’s unpack that. It means you can convert USDC into cUSDC to get a tradeable token that’s also earning interest through Solend. You can hold this token in your wallet to continue earning interest, or you can send it to someone else, and they’ll be earning interest.
cTokens open up a world of possibilities for developer integrations. Because cTokens are just regular SPL tokens, they’re easily composable and compatible with just about everything! If you’re working on something that uses Solend cTokens, check out our Developer Portal and Grants program!”
Find Solend’s cToken announcement here, swap your SOL and mSOL tokens into cTokens here, and start generating Saber LP yield by depositing your cTokens into Saber here.
About Saber Labs
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
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About Solend
Solend is an algorithmic, decentralized protocol for lending and borrowing.
