Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana.
Currently, SLND is currently not listedtraded on manyseveral centralized exchanges,: butFTX, theGate.io, MEXC Global exchange has it. You can also buy it on the Raydium and Serum DEXes on Solana and you can store it in a Phantom or Solaflare Wallet which you can also use to interact with the Solend dApp.
- Call options liquidity mining program (more details soon)
- Upgrading Solend’s oracles so more long-tail assets can be listed
- Governance
- Isolated and permissionless pools
- Integrations with other Solana DeFi protocols
Since launch, Solend has focused on being the fastest and easiest-to-use lending protocol. Now with the help of the community, we will continue to improve Solend with the following:
Call options liquidity mining program (more details soon)
Upgrading Solend’s oracles so more long-tail assets can be listed
Governance
Isolated and permissionless pools
Integrations with other Solana DeFi protocols
SLND is currently not listed on many centralized exchanges, but the MEXC Global exchange has it. You can also buy it on the Raydium and Serum DEXes on Solana and you can store it in a Phantom or Solaflare Wallet which you can also use to interact with the Solend dApp.
There is a max supply of 100,000,000 SLND tokens. 10% of the supply was sold to investors and another 5% was put aside for potential future sales, 25% was given to the core team and founders, 30% was distributed to people that bonded SLND-USDC liquidity pool tokens and the remaining 30% was put into a treasury that the token owners control. The tokens of the investors and team members have a 3 year vesting schedule that will start in 2022. Sadly the supply isn't being distributed to users of the platform but instead was only sold or distributed to founders and existing token holders.
SLND is currently not listed on many centralized exchanges, but the MEXC Global exchange has it. You can also buy it on the Raydium and Serum DEXes on Solana and you can store it in a Phantom or Solaflare Wallet which you can also use to interact with the Solend dApp.
There are 100M SLND tokens. SLND’s distribution is as follows:
Seed investors have a 3-year vesting schedule with the first third vesting October 1, 2022, and the rest vesting monthly after. The team also has a 3-year vesting schedule with the first third vesting June 1, 2022 or later (based on join date). There is no lockup for IDO participants.
60% of SLND is allocated to the community. Breaking it down, half of that is allocated for the liquidity mining program and the other half is allocated to the Solend Treasury, owned and governed by the Solend DAO. 5% of SLND is allocated to the IDO, coming from the treasury. The Solend Treasury will own the IDO funds and LP position (details in IDO section.)
25% of SLND is allocated to the core team.
15% of SLND is allocated to investors. Only 10% was distributed in the seed round, but an additional 5% is set aside for a potential future raise in case it’s needed.
Solend Features
The SLND Token