Suilend
Suilend is the largest lending protocol on the Sui blockchain, offering a comprehensive DeFi suite including lending, borrowing, leverage, liquid staking, and a superfluid AMM.
Overview
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.
The Problem
New blockchain ecosystems like Sui often lack mature, integrated DeFi money markets that combine lending, borrowing, staking, and liquidity provision. This fragmentation limits capital efficiency and user experience. Additionally, early DeFi protocols face challenges in governance participation and aligning incentives between users and the protocol.
The Solution
Key Features
Infinite Liquid Staking via SpringSui
Enables users to stake SUI tokens while maintaining liquidity and flexibility.
Superfluid AMM (STEAMM)
Integrates deep liquidity with lending functionality for efficient capital use.
mDrop Token Distribution
Innovative mechanism for distributing the SEND governance token to align community incentives.
Key Strengths
How Developers Use Suilend
Building Lending and Borrowing Features on Sui
Developers integrate Suilend’s SDK to add lending and borrowing capabilities to their dapps, enabling users to earn interest or leverage positions.
Implementing Liquid Staking Solutions
Projects use SpringSui’s liquid staking to offer users staking rewards without sacrificing token liquidity.
Launching AMM Pools with Lending Integration
DeFi platforms deploy STEAMM to provide superfluid liquidity pools that combine swapping and lending for enhanced capital efficiency.
Works Well WithSuiEthereumSolana
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Pricing
Free | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via GitHub and Discord |
| Analytics |
Resources
Suilend provides extensive documentation covering its DeFi suite, tokenomics, SDK integration, security audits, and governance mechanisms. These resources support developers and users in understanding and integrating the protocol’s features.