Suilend SEND: Leading DeFi Lending & Governance Token

Welcome to Suilend SEND, a cornerstone of decentralized finance (DeFi) built on the high‑speed Sui blockchain! Suilend is the largest lending and borrowing protocol on Sui, combining capital efficiency, liquid staking (SpringSui), and a superfluid AMM (STEAMM) into one unified DeFi suite. Since its 2024 launch by the experienced Solend/SAVE team, Suilend has rapidly grown to billions in total value locked (TVL), attracting thousands of active wallets and delivering next‑generation money‑market features like isolated lending pools, dynamic strategies, cross‑asset support, and near‑instant transactions thanks to Sui’s architecture.

The SEND token anchors governance, community incentives, potential revenue sharing, and rewards, giving holders a direct say in the protocol’s future as it transitions toward a DAO. Whether you’re a yield‑seeking investor or a DeFi builder exploring efficient capital usage, Suilend’s multifaceted ecosystem offers powerful tools and deep liquidity for users navigating Web3 finance!

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What Is Suilend (SEND)?

Suilend is an integrated DeFi lending and financial protocol built on the Sui blockchain, designed to offer a comprehensive suite of decentralized finance services — from lending and borrowing to staking, swaps, automated market making, and rewards — all within a high‑performance, low‑fee ecosystem. Launched in March 2024, Suilend has rapidly become the largest DeFi protocol on Sui by total value locked (TVL), achieving significant adoption and usage thanks to its efficient money‑market mechanics, innovative product stack, and community‑centric design.

Suilend: A DeFi Lending Protocol on Sui Blockchain

Suilend functions as a decentralized lending protocol where users can deposit supported assets into liquidity pools to earn interest or borrow other assets against collateral — all without traditional intermediaries. Built with Sui’s Move‑based architecture, the protocol benefits from fast transaction speeds, low gas costs, and scalable performance, making yield generation and borrowing accessible to a wide range of users. It provides both main lending markets for established assets and isolated lending pools for more experimental tokens, helping to manage risk while expanding financial utility.

Beyond basic lending and borrowing, Suilend integrates complementary DeFi modules that enhance its core functionality and user experience:

• SpringSui Liquid Staking: Users can stake SUI tokens through SpringSui and receive liquid staking tokens (like sSUI), which can then be used in other DeFi activities while still earning staking rewards.
• STEAMM Superfluid AMM: This automated market maker combines deep liquidity provisioning with lending components, boosting capital efficiency and creating new opportunities for LPs.
• Integrated Swaps & Strategies: Users can swap assets and deploy yield strategies like looping (borrow‑to‑deposit) directly within the platform’s suite, streamlining complex DeFi actions into intuitive flows.

All of these elements are designed to make yield generation more accessible, capital deployment more efficient, and DeFi participation simpler and safer on Sui.

$SEND: The Native Utility and Governance Token

At the heart of the Suilend ecosystem is $SEND, the protocol’s native utility and governance token. Released in December 2024 via the pioneering Mdrops distribution mechanism, SEND is central to how the platform aligns user incentives, rewards contributions, and empowers community participation.

SEND serves several key roles within Suilend’s economic model:

• Governance & DAO Participation: $SEND holders will play a vital role in the upcoming Suilend DAO, where they can vote on protocol upgrades, risk parameters, asset listings, incentive structures, and other governance decisions that shape the future of the ecosystem.
• Revenue Sharing & Incentives: The protocol intends to share revenue — such as interest rate spreads and AMM fees — with SEND holders and stakers, creating tangible economic utility for participants who contribute to the network’s growth.
• Rewards & Ecosystem Boosts: Users interacting with Suilend — whether lending, borrowing, providing liquidity, or participating in community campaigns — can earn $SEND rewards, helping bootstrap activity and incentivize ongoing engagement.

With a total supply capped at 100 million tokens, SEND’s allocation is designed to prioritize community ownership, with a large portion reserved for incentives and ecosystem distribution. This approach supports long‑term engagement and decentralized decision‑making.

A Unified DeFi Suite: Lending, Staking, AMM, and Rewards

Suilend stands out because it combines multiple DeFi primitives into a single, cohesive ecosystem, reducing fragmentation and enabling users to stay within one platform for diverse financial activities. Rather than switching between separate protocols for lending, liquid staking, AMM liquidity, and swaps, users can access all these features under one interface.

For example:

• A user can stake SUI via SpringSui and immediately use sSUI as collateral to borrow assets on Suilend.
• Borrowed assets can be deployed into the STEAMM AMM pools to earn trading fees and incentives.
• All activities can generate SEND rewards or be subject to governance proposals once the DAO launches.

This integrated approach empowers users to maximize yield, participate in governance, and leverage their capital in multiple ways without needing to navigate disparate DeFi platforms.

In essence, Suilend (SEND) represents a highly integrated DeFi protocol on the Sui blockchain that unifies lending, borrowing, staking, AMM liquidity, and rewards into a single platform. With its native token $SEND driving utility and governance, Suilend aligns economic incentives with community participation while expanding financial access and innovation on Sui. As the ecosystem grows, Suilend aims to remain at the forefront of decentralized finance’s evolution by offering users a seamless, capital‑efficient, and incentivized DeFi experience.

Core Features of the Suilend Protocol

Suilend is a comprehensive DeFi protocol on the Sui blockchain, offering a wide range of financial tools in a single ecosystem. By combining lending, borrowing, staking, automated market-making, and integrated swaps, Suilend enables users to maximize capital efficiency while maintaining security and ease of use. Its modular design ensures that both casual DeFi users and advanced participants can benefit from streamlined operations, robust incentives, and innovative product features.

Lending & Borrowing: Earning Yield and Accessing Capital

At its core, Suilend enables users to lend digital assets to earn interest and borrow assets against collateral. This traditional DeFi functionality is executed efficiently thanks to Sui’s high-speed blockchain, which ensures low fees and near-instant transactions.

• Lending: Users can deposit supported tokens into Suilend liquidity pools and earn yield from borrowers paying interest.
• Borrowing: Users can borrow assets by locking collateral, enabling capital flexibility for trading, staking, or liquidity provision.
• Yield Optimization: Interest rates are algorithmically adjusted based on supply and demand, creating a dynamic and efficient market.

This mechanism allows participants to generate passive income while maintaining access to liquidity, creating a foundational layer of utility within the Suilend ecosystem.

Isolated Lending Pools: Managing Risk and Volatility

Suilend incorporates isolated lending pools to minimize systemic risk. Each pool operates independently, allowing users to lend or borrow specific assets without exposing the entire protocol to volatility from riskier tokens.

• Risk Containment: Volatile assets are confined to isolated pools, protecting other markets from liquidation cascades or liquidity shocks.
• Flexible Participation: Users can choose to lend or borrow in either stable or experimental pools based on their risk tolerance.
• Capital Efficiency: Each isolated pool maintains its own interest rate and liquidity parameters, optimizing returns for participants.

This approach ensures that Suilend can safely support a wide range of tokens while maintaining protocol stability.

Liquid Staking with SpringSui: Stake SUI While Maintaining Liquidity

Through its integration with SpringSui, Suilend allows users to stake SUI tokens and receive liquid sSUI tokens. These tokens retain their value while being fully usable within Suilend for lending, borrowing, or other DeFi activities.

• Dual Utility: Stake SUI to earn network rewards and still use sSUI as collateral or liquidity.
• Seamless Integration: sSUI is fully compatible with Suilend’s lending pools and Superfluid AMM.
• Enhanced Capital Efficiency: Users can simultaneously earn staking rewards and DeFi yields.

Liquid staking bridges the gap between staking and active DeFi participation, maximizing user capital.

Superfluid AMM (STEAMM): Deep Liquidity and Lending Integration

Suilend’s Superfluid AMM, called STEAMM, combines liquidity provision with lending protocols to enhance capital efficiency. Users providing liquidity can simultaneously earn AMM fees and interest from lending pools.

• Deep Liquidity: Pool participants benefit from high liquidity for swaps.
• Lending-Linked Trading: Liquidity is dynamically connected to lending markets, improving returns and reducing idle capital.
• Incentive Alignment: AMM providers can earn $SEND rewards and interest, aligning network activity with tokenomics.

STEAMM represents a next-generation liquidity solution that unifies trading and lending mechanics into one cohesive framework.

Integrated Swap and Bridge Tools: Seamless Asset Movement

Suilend integrates swap and bridge functionalities to allow users to move assets efficiently within the protocol and across the Sui ecosystem.

• Native Swaps: Users can trade supported tokens directly within Suilend with minimal slippage.
• Bridges: Assets can be securely transferred between Sui and other supported chains for cross-chain DeFi participation.
• Unified Interface: All swapping and bridging occur within the Suilend platform, reducing complexity for users.

This ensures that Suilend acts as a complete DeFi hub, enabling lending, borrowing, staking, and liquidity management without leaving the platform.

Suilend’s core features — lending & borrowing, isolated pools, liquid staking, Superfluid AMM, and integrated swap/bridge tools — combine to create a fully integrated DeFi ecosystem on Sui. By providing modular yet interconnected functionality, Suilend maximizes capital efficiency, minimizes risk, and allows users to access multiple layers of decentralized finance in a single platform. This positions Suilend as a leading hub for DeFi innovation on Sthe ui blockchain, empowering users and developers alike.

How Suilend Works on the Sui Blockchain

Suilend is a fully integrated DeFi protocol that leverages the Sui blockchain’s high-speed performance and low transaction costs to deliver a seamless lending, borrowing, and liquidity experience. By combining Sui’s Move-based architecture with innovative DeFi mechanisms, Suilend allows users to access multiple financial services — including lending, borrowing, staking, AMM trading, and rewards — within a single platform. Its design emphasizes efficiency, flexibility, and capital optimization, making DeFi accessible to both new and experienced users.

High-Speed, Low-Cost DeFi Transactions

One of Suilend’s key advantages is its use of the Sui blockchain, which is known for its high throughput and minimal gas fees. Transactions on Sui are processed in parallel rather than sequentially, allowing for near-instant finality and enabling complex DeFi interactions without the congestion issues common on other chains.

• Fast Execution: Lending, borrowing, staking, and swaps occur in seconds, ensuring a smooth user experience.
• Low Fees: Minimal transaction costs reduce barriers for smaller investors, democratizing access to DeFi.
• Scalable Activity: High throughput allows multiple simultaneous operations across pools and markets, supporting both retail and institutional activity.

This speed and efficiency underpin all Suilend operations, enabling users to take full advantage of the protocol’s multi-layered functionality.

Multi-Asset Support

Suilend supports a wide variety of assets, including SUI, stablecoins, and major tokens, allowing users to diversify their lending and borrowing activities. By accommodating multiple asset classes, the protocol reduces risk and increases flexibility.

• Lending: Users can deposit SUI, stablecoins, or other supported tokens into liquidity pools to earn yield.
• Borrowing: Assets can be borrowed against collateralized positions, providing liquidity for trading, staking, or other investment strategies.
• Asset Allocation: Users can mix different assets within pools to balance yield and risk exposure.

This multi-asset approach ensures that Suilend caters to diverse user needs, from risk-averse stablecoin investors to those seeking higher yields with more volatile tokens.

Dynamic Interest Models

Interest rates in Suilend are dynamic and algorithmically adjusted based on real-time supply and demand within each pool. This mechanism ensures that borrowing costs remain fair and lending rewards remain attractive under fluctuating market conditions.

• Supply-Driven Rates: When lending demand is low, interest rates decrease to attract borrowers; when demand is high, rates increase to incentivize additional liquidity.
• Borrowing Costs: Real-time calculations provide borrowers with transparent and competitive rates.
• Market Efficiency: Dynamic rates optimize capital allocation, ensuring pools maintain adequate liquidity at all times.

By using real-time interest models, Suilend maintains a balanced ecosystem that adapts to market activity, protecting lenders and borrowers alike.

Capital Efficiency: Looping and Auto-Compounding

Suilend maximizes capital efficiency through strategies like looping and auto-compounding, allowing users to amplify yield without additional capital input.

• Looping: Borrowed assets can be redeployed into lending pools, increasing exposure and potential returns.
• Auto-Compounding: Interest and rewards are automatically reinvested into the protocol, optimizing yield for users over time.
• Integrated Strategies: These mechanisms work seamlessly with Suilend’s Superfluid AMM and lending pools, enhancing returns while maintaining liquidity.

These tools enable users to maximize the utility of every token they deposit, creating a more profitable and flexible DeFi experience.

Suilend operates as a high-performance DeFi ecosystem on the Sui blockchain, offering fast, low-cost transactions, multi-asset support, dynamic interest rates, and capital-efficient strategies. By leveraging Sui’s capabilities, Suilend allows users to lend, borrow, stake, and trade efficiently while optimizing returns and maintaining liquidity. Its combination of speed, flexibility, and innovation positions Suilend as a leading DeFi hub for the Sui ecosystem, providing users with a complete, integrated financial suite.

How to Use Suilend & Earn with SEND

Suilend is a fully integrated DeFi protocol on the Sui blockchain that allows users to lend, borrow, stake, swap, and earn rewards using its native token, SEND. By combining high-speed, low-cost blockchain infrastructure with intuitive DeFi tools, Suilend enables both beginners and experienced users to maximize capital efficiency while participating in a robust decentralized ecosystem. Here’s a step-by-step guide on how to start using Suilend and earn rewards with SEND.

1. Connect Wallet & Explore the Platform

The first step to using Suilend is to connect a compatible Sui wallet, such as Sui Wallet, Suiet, or other supported wallets. This wallet acts as the bridge between your assets and the protocol, enabling secure transactions and interaction with smart contracts.

• Access Lending & Borrowing Markets: Once connected, users can browse available assets, view interest rates, and select which tokens to lend or borrow.
• Explore AMM Pools & Swaps: Navigate the Superfluid AMM (STEAMM) to trade tokens or add liquidity for additional rewards.
• Check Rewards & Incentives: The dashboard shows current $SEND rewards for lending, borrowing, or providing liquidity, helping users track earnings.

This step ensures users are familiar with the platform and understand the available financial instruments before committing funds.

2. Lend to Earn Yield

One of Suilend’s primary features is the ability to deposit assets into lending pools and earn interest. Lenders provide liquidity to the protocol, which borrowers can access while paying interest.

• Select Assets to Lend: Users can deposit SUI, stablecoins, or supported tokens into the respective pool.
• Earn Real-Time Interest: Interest accrues automatically based on the dynamic supply-and-demand model of each pool.
• Flexible Withdrawals: Assets can usually be withdrawn anytime, though some pools may have specific requirements depending on liquidity conditions.

Lending not only earns interest in real time but may also generate additional SEND rewards for active participation, boosting overall returns.

3. Borrow and Manage Risk

Suilend allows users to borrow assets against deposited collateral, providing liquidity without selling holdings. This feature is useful for leveraging positions or participating in other DeFi strategies.

• Use Collateral Prudently: Deposit assets to secure a borrowing limit and maintain a safe collateralization ratio.
• Monitor Liquidation Risk: Borrowing too much relative to collateral can trigger liquidations, so it’s essential to track ratios closely.
• Dynamic Rates: Interest rates adjust in real-time, so borrowers benefit from favorable market conditions while staying informed of cost changes.

Responsible borrowing lets users unlock capital for additional yield opportunities without risking their deposited assets.

4. Stake or Provide Liquidity to Boost Rewards

Beyond lending and borrowing, Suilend offers liquid staking through SpringSui and Superfluid AMM liquidity provision, allowing users to maximize capital efficiency and earn extra rewards:

• Stake SUI: Receive sSUI for staked SUI while retaining liquidity to use in lending or AMM pools.
• Provide Liquidity: Deposit tokens into STEAMM pools to facilitate trades and earn trading fees plus interest from linked lending pools.
• Earn $SEND Incentives: Active participants in staking or liquidity provision are rewarded with $SEND tokens, adding a layer of earning potential.

By combining these strategies, users can layer yield streams and optimize returns while contributing to network liquidity and growth.

Using Suilend is intuitive yet powerful. By connecting a Sui wallet, lending assets, borrowing responsibly, and staking or providing liquidity, users can earn yield and maximize rewards in $SEND. The protocol’s integration of lending, AMM pools, and liquid staking creates a capital-efficient DeFi ecosystem, empowering users to grow their assets while actively participating in the Suilend community.

Suilend SEND is more than just a token — it’s the governance and incentive backbone of a sophisticated DeFi hub on the Sui blockchain. The Suilend protocol unifies lending, borrowing, liquid staking, and AMM trading into a seamless financial suite optimized for speed, capital efficiency, and user rewards.

With SEND tokenomics designed to prioritize community ownership and future DAO governance, holders are positioned to shape the direction of the protocol and potentially benefit from revenue‑sharing mechanisms as the ecosystem matures. Whether you’re earning interest on idle assets, borrowing to access liquidity, or engaging in deeper DeFi strategies, Suilend’s suite offers tools built for both new and seasoned users alike. As with all decentralized finance projects, exercise prudent risk management, use official interfaces, and stay informed before participating.

Imagine a DeFi platform that doesn’t just chase token prices but anchors digital finance in the real world. That’s Credefi, powered by the native CREDI token — a lending ecosystem where crypto meets real‑world assets, delivering stable returns and meaningful financial impact. In a space crowded with speculative yield farms, Credefi stands apart by enabling lenders to finance European SMEs (small and medium‑sized enterprises) using real collateral like real estate and future receivables, blending traditional finance’s stability with blockchain’s transparency and automation.

Explore Suilend, engage with its community, and discover how SEND can enhance your DeFi experience on Sui!