Suilend

Suilend is the leading decentralized finance (DeFi) lending protocol built on the Sui blockchain. Launched in March 2024 by the team behind Save (formerly Solend), it offers a comprehensive DeFi suite designed for efficiency, security, and seamless user experience. The protocol enables users to earn interest, borrow assets, leverage long or short positions, swap tokens, liquid stake SUI via SpringSui, and provide liquidity through STEAMM, a superfluid automated market maker (AMM). This integrated approach positions Suilend as a one-stop DeFi platform on Sui.

Suilend addresses the need for a robust and scalable money market on Sui, a relatively new blockchain ecosystem. By combining lending, borrowing, and liquidity provision with innovative features like infinite liquid staking and a superfluid AMM, it solves liquidity fragmentation and capital inefficiency common in early-stage DeFi ecosystems. The introduction of the SEND token in December 2024, distributed via a novel mdrop mechanism, further aligns community incentives by enabling governance participation and potential revenue sharing.

Since launch, Suilend and its associated protocols have achieved significant adoption, surpassing $1 billion in total value locked (TVL) and attracting over 50,000 monthly active wallets by early 2025. The protocol is backed by prominent investors including Robot Ventures, Delphi Ventures, and DeFi Alliance. Developers can integrate with Suilend using its open SDK and comprehensive documentation, enabling seamless incorporation of lending, staking, and AMM functionalities into their own dapps or services. The protocol’s modular design and audited smart contracts provide a secure foundation for DeFi innovation on Sui.