Introducing 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 built on Solana, and thus absorbs all of its amazing properties. Solend is blazing fast, dirt cheap, and unlocks a world of possibilities.

Welcome to a new paradigm for DeFi.

Protocol network effects

This has profound implications for the Solana ecosystem. As a core DeFi primitive, Solend contributes to the protocol network effect, in which all protocols on Solana become better.

Tokens integrated into Solend are suddenly so much more useful. They can be used to earn interest, or used as collateral for a loan. This can be applied to LP position tokens, unlocking a huge amount of collateral. This also enables users to go leverage long with recursive borrows, or short another token (now critics can put their money where their mouth is!)

What is Solana?