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Difference between revisions of "Solend"
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Solend is an algorithmic, decentralized protocol for lending and borrowing built on Solana. On Solana, Solend can scale to being faster and cheaper. Currently, Solend is the most popular lending and borrowing protocol on Solana (according to DeFiLlama). | [[File:Solend.png|thumb|Solend]] | ||
Solend is an algorithmic, decentralized protocol for lending and borrowing built on Solana. On Solana, Solend can scale to being faster and cheaper. Currently, Solend is the most popular lending and borrowing protocol on Solana (according to DeFiLlama). | |||
==== ''' | ==== '''Uses:''' ==== | ||
* Earn interest | * Earn interest | ||
* Borrow | * Borrow | ||
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* 25% of SLND is allocated to the core team. Vesting for the team begins on 1st June 2022, depending on when they joined. | * 25% of SLND is allocated to the core team. Vesting for the team begins on 1st June 2022, depending on when they joined. | ||
* 15% of SLND is allocated to investors. Only 10% was distributed in the seed round, and an additional 5% is set aside. These tokens begin vesting at 1st October 2022. | * 15% of SLND is allocated to investors. Only 10% was distributed in the seed round, and an additional 5% is set aside. These tokens begin vesting at 1st October 2022. | ||
[[Category:Protocols]] | |||
[[Category:Lending]] | |||