Solend company info

What does Solend do?
Solend (CRYPTO:SLND) is a decentralized lending and borrowing protocol on Solana. It allows users to lend and borrow assets at competitive interest rates, and to earn interest on their deposited assets. Solend is also a permissionless protocol, which means that anyone can use it without having to create an account or go through any KYC procedures. Solend is now operational on the Solana mainnet, facilitating a range of assets like SOL, USDC, USDT, and ETH. Its user-friendly platform boasts compelling features, including remarkably high interest rates, exceptionally low fees, rapid transaction processing powered by the Solana blockchain, and a user-friendly interface that simplifies lending, borrowing, and interest-earning within the DeFi space. Solend is also a community-driven protocol. The Solend Foundation is a non-profit organization that is responsible for the development and governance of the protocol. The foundation is made up of members of the Solend community, and it is committed to making Solend the best lending and borrowing protocol on Solana. Solend's primary aims encompass establishing a decentralized and permissionless lending and borrowing protocol on the Solana blockchain, characterized by high interest rates and minimal fees. It focuses on enhancing the user experience by simplifying lending, borrowing, and interest-earning processes, all while fostering a community-driven model where governance and decision-making are vested in its user base.
Solend company media
Company Snapshot

How many people does Solend employ?

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Employees
20+

What is the market cap for Solend?

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Market Cap
$21.31M

Where is the head office for Solend?

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Head Office
San Francisco, California

What year was Solend founded?

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Year Founded
2021
What does Solend specialise in?
/DeFi /Solana Ecosystem

What are the products and/or services of Solend?

Overview of Solend offerings
Borrowing: Solend allows users to borrow crypto assets against their collateral.
Lending pool automation: Solend allows users to automate their lending and borrowing to optimize their returns.
Lending: Solend allows users to lend their crypto assets to earn interest.
Liquidity mining: Solend rewards users with SLND tokens for providing liquidity to the protocol's lending pools.
SLND token buyback and burn: Solend uses a portion of its revenue to buy back and burn SLND tokens, which reduces the supply of SLND and increases its value.
Staking: Solend allows users to stake their SLND tokens to earn rewards and participate in the governance of the protocol.