Suilend (SEND)

Lending

Suilend allows users to lend their crypto assets to earn interest or borrow assets by providing collateral.

Swapping

Users can swap different crypto tokens easily within the platform.

Strategies

Suilend offers various DeFi strategies to help users optimize their crypto holdings.

Additional Features

The platform includes tools like SEND for sending tokens, a Bridge for cross-chain transfers, and a Leaderboard to track performance.

More details can be found on their website: https://suilend.fi/

Pros

• Suilend is part of Sui's DeFi Suite, offering lending, swapping, and strategy features all in one platform.
• It provides easy access to decentralized finance tools like lending and swapping tokens.
• The platform includes additional features such as a leaderboard and claim options, enhancing user engagement.
• Suilend supports wallet connection for seamless interaction with the platform.
• It has documentation and community support available through Twitter and Discord.

Cons

• No specific cons are listed in the available information.

Founders of Suilend

Suilend was created by the team behind Solend (now known as Save), which is the most battle-tested lending protocol on Solana. The founders of Solend brought their experience to build Suilend as the largest lending protocol on the Sui blockchain. Specific individual names of the founders are not provided in the available information.

Investors in Suilend

Suilend has raised a total of $6 million in funding across two rounds in 2024. The main investors include:

• Robot Ventures (led the latest $4 million round in December 2024)
• Delphi Ventures
• Mechanism Capital
• DeFi Alliance
• Karatage
• Other notable investors: Big Brain Holdings, Figment Capital, AllianceDAO, Bodhi Ventures, Comma3 Ventures, Mysten Labs, Starkiller Capital, Quantstamp, Side Door Ventures, Nonce Classic, MrBlock, Ambush

Additionally, prominent angel investors such as Balaji Srinivasan and DCFGod have supported Suilend.

These investors back Suilend as it builds the largest and fastest-growing lending protocol on the Sui blockchain, leveraging its experience from Solend and focusing on DeFi innovation.

Halal Status

No, there is no specific information available confirming that Suilend is halal. The project details do not mention compliance with halal principles.