What is Suilend (SEND)?

TLDR Suilend (SEND) is a decentralized lending protocol on the Sui blockchain, designed to streamline borrowing, lending, and yield strategies within its DeFi ecosystem.

1. Core Function – Enables users to lend/borrow assets with features like zero-fee loans and automated yield strategies.
2. Ecosystem Integration – Part of Sui’s DeFi suite, interoperable with platforms like SpringSui and STEAMM.
3. Innovation – Offers one-click DeFi strategies to simplify complex yield farming.

Deep Dive

1. Purpose & Value Proposition

Suilend aims to solve fragmented DeFi experiences by offering a unified platform for lending, borrowing, and yield optimization. Built by the team behind Solend (Solana’s leading lending protocol), it leverages Sui’s high-speed, low-cost blockchain to provide zero-fee borrowing and competitive APRs for lenders.

Its Strategies feature (launched August 2025) automates yield farming, letting users deploy preset onchain strategies without manual management—addressing accessibility gaps in DeFi.

2. Ecosystem Fundamentals

Suilend is a pillar of Sui’s DeFi growth, contributing to over $10.3M in ecosystem revenue (SEND Dashboard) alongside partners like SpringSui. Key features include:
- Real-time transparency: Public dashboards track treasury balances ($9.1M) and buybacks ($2.6M).
- Cross-protocol synergy: Users can collateralize assets on Suilend to farm yields on integrated platforms (e.g., STEAMM liquidity pools).

3. Key Differentiators

Unlike traditional lending protocols, Suilend focuses on modularity—its SDK allows developers to build custom financial products atop its infrastructure. This flexibility, combined with Sui’s parallel execution engine, enables near-instant settlement and scalability, critical for high-frequency DeFi activity.

Conclusion

Suilend is a Sui-native DeFi hub blending lending primitives with automated strategies, backed by transparent treasury management and cross-protocol interoperability. As Sui’s ecosystem matures, will Suilend’s focus on simplicity and integration drive broader adoption of its one-click yield tools?