Solend is an algorithmic, decentralized protocol for lending and borrowing built on the Solana blockchain. The project moved from a prototype that won the Solana Hackathon in June to a mainnet launch in August. It recently introduced a liquidity mining program that becomes claimable on Nov 15, with rewards claimable monthly until an upcoming Liquidity Mining 2.0 upgrade. The platform has seen rapid growth: deposits surged 80% to more than $360 million and borrows exceed $180 million, making it the largest lending protocol on Solana by outstanding borrowings. Solend reports over 68,000 user accounts with at least $1 in deposit, roughly 26,000 Twitter followers, and about 11,000 Discord community members. Continued community support and the liquidity-mining rollout are central to its near-term plans and user growth trajectory.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2021