Solend finance Gitbook

Solend is a decentralized lending platform on Solana that allows users to borrow and lend SOL and other tokens. See the latest Solend price, market cap, trading volume and …

Introduction to Solend

Solend is a decentralized lending and borrowing protocol built on the Solana blockchain. It allows users to lend their assets to earn interest or borrow assets by providing collateral.

Key features of Solend include:

1. High-Speed Transactions: Leveraging Solana’s high throughput and low transaction fees, Solend offers fast and cost-effective lending and borrowing services.

2. Decentralization: As a DeFi platform, Solend operates without intermediaries, and decisions are governed by the community and protocol mechanisms.

3. Collateralization: Users can secure loans by collateralizing their assets, and the protocol uses smart contracts to manage lending and borrowing processes.

4. Liquidity Pools: Lenders provide liquidity to pools, which borrowers can draw from. Interest rates are determined algorithmically based on supply and demand.