Suilend facilitates crypto borrowing and lending on the Sui blockchain and is currently the chain's biggest lending protocol. It holds nearly $470 million in total value locked (TVL) and generated roughly $820,000 in 30-day revenue, placing it among Sui's top earners. The team plans to debut a new token called SAVE and to roll out additional products including a liquid staking token (LST) with an "infinitely liquid" design and an automated market maker to join its core lending suite. Suilend's LST design was informed by missteps experienced on Solana, aiming to avoid multi-day unstaking delays. The protocol's pseudonymous founder, Rooter, says the recent funding will allow the project to weather market shifts and provide capital to last for the next four years if needed. Rooter also noted that software development proceeds faster on Sui, enabling the team to ship multiple protocols more quickly than on their Solana roots.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2024