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What is Solend (SLND)? Lending platform benefits after drama of marginfi rivals
Solend is a lending platform that allows users to easily borrow or lend a variety of assets support in the Solana ecosystem. In addition, Solend is also a platform that benefits from the drama of rival marginfi and SolBlaze. Let’s learn about Solend with Coin68 through the article below!
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**What is Solend (SLND)? Lending platform benefits after drama of marginfi rivals
What is Solend?
Solend is a lending platform that allows users to easily borrow or lend a variety of assets support in the Solana ecosystem. In addition, Solend also develops many features such as cToken, Margin, Point ,… to bring the best DeFi experience to users.
Solend recorded a cash flow of more than USD 18.6 million on April 11, 2024 as drama between marginfi’s rival and Liquid Staking platform SolBlaze on Solana. In addition, Solend also launched the Season 2 liquidity incentive program and all deposits from users will accumulate points that can be exchanged for the platform’s SLND tokens in the future