ChainCatcher news, the Solana ecosystem lending protocol Solend announced that it will be rebranded as Save (Solana's permissionless savings account). In addition to the rebranding, Solend also announced three new products: the decentralized stablecoin SUSD, the liquid staking token saveSOL for SOL, and the meme token shorting platform dumpy.fun.

ChainCatcher news, the Solana ecosystem lending protocol Solend announced that its second quarter incentive campaign will end today at 21:00. This campaign will distribute 1.1 million SLND, and all collateral deposits made between April 11 and July 12 are eligible for rewards. Deposits made before April 17 and maintained until now will receive double rewards. Users can check and claim their rewards on July 15 at 21:00.

ChainCatcher news, the Solana lending protocol Solend announced a partnership with Bobaoppa to airdrop to Saga users and users on the Solana Mobile 2 pre-order leaderboard. It is reported that Bobaoppa is a meme project launched by Huang Licheng.

ChainCatcher news, the Solana ecosystem lending protocol Solend announced on social media that it will airdrop to users who withdraw from marginfi and deposit into Solend. The specific amount of the airdrop will be proportional to the dollar value transferred by the user, and the funds must be held for a period of time to qualify. More details will be shared soon.

ChainCatcher message, announced by the Solana ecosystem lending protocol Solend, that the new project Suilend launched on the Sui chain will go live in the first quarter of 2024 and will provide "rewards" to Solend users. The Solana ecosystem lending protocol Solend announced on the X platform that it is expanding its business to Sui by launching the new project Suilend.

ChainCatcher news, according to official sources, the Solana ecosystem lending protocol Solend has announced that Solend is expanding its business to the public chain Sui by launching a new project.

ChainCatcher news, Solana's lending protocol Solend has announced the launch of margin trading and an improved points reward program, expanding its business beyond lending. Margin trading allows for leveraged trading, and users can engage in such trading within the trading view of their existing accounts. By using a toggle button, users can switch between the lending and trading views.It is reported that the minimum reward pool for Solend's Q1 reward program starts at 100,000 SLND, and it will continue to increase as transactions with reward partners are completed. Ways to earn points include: depositing and borrowing in the main pool, margin trading, contributing to the community, and upcoming methods, with 10 million points distributed daily based on the ratio of supply and borrowing.

ChainCatcher news, according to information from the Solend official website on the Solana lending protocol, Solend has now released the Solend V2 whitepaper, introducing risk management and improving decentralization. According to the whitepaper, Solend V2 will include: protected collateral, TWAP oracles, loan-to-value ratios, outflow rate limits, collateral caps, isolation layer assets, dynamic liquidation bonuses, tri-linear interest rate models, risk authorities, on-chain metadata, deprecated asset handling, on-chain permissionless liquidity mining, account delegation, Loss Socializing, etc. Solend V2 will be released in the coming months. (source link)

According to ChainCatcher news and data from DefiLlama, the TVL of the Solana public chain has dropped to $215 million, marking the lowest figure since April 1, 2021. The TVL of this public chain peaked in November 2021, surpassing $10 billion.In addition, the current remaining liquidatable amount on the Solana chain is $598,000. SOL on Solend is facing on-chain liquidations at prices of $8.340 and $3.043, amounting to $33,000 and $55,000 respectively. (source link)

ChainCatcher news, according to The Block, the lending protocol Solend on Solana has accumulated $6 million in bad debt after the price of Solana (SOL) plummeted significantly (about 50% drop in the past three days).Solend stated that liquidations will continue gradually, and the Solend DAO treasury will cover the bad debt. Data from SolanaFM shows that the total asset value of the treasury address is approximately $33 million. (source link)

ChainCatcher message, the lending protocol Solend is experiencing slow liquidations due to congestion on the Solana network, resulting in a large number of positions not being liquidated in a timely manner. In the SOL loan pool, users owe the protocol $29.7 million USDC, while the SOL collateral is only $32.6 million. The LTV has reached 91.1%, exceeding the 85% liquidation threshold. The protocol must sell nearly $2 million worth of SOL collateral to bring the loans back below the liquidation threshold. (theblock)

ChainCatcher news, according to DefiLlama data, the 24-hour liquidation value change on the Solana chain has dropped by 96.4%, with the current remaining liquidation amount at 2.2 million dollars. In addition, SOL on Solend faces on-chain liquidations at 11232, 9.36, 8.944, and 5.824 dollars, amounting to 366,000 dollars, 317,000 dollars, 369,100 dollars, and 295,300 dollars respectively. (Source link)

According to ChainCatcher, monitored by Defillama, Solana's TVL has dropped from $855.8 million to $583.9 million, a decrease of 31.77% in 24 hours. Additionally, the TVL of the lending protocol Solend on Solana has fallen from $255.3 million to $117.4 million, a decrease of 50.67% in 24 hours. (Source link)

ChainCatcher news, the lending protocol Solend on Solana tweeted that it detected an oracle attack on USDH, affecting the isolated pools of Stable, Coin98, and Kamino, which has currently resulted in $1.26 million in bad debt.Solend stated that all other pools, including the Main pool, are safe. Currently, Solend has disabled the affected pools and informed exchanges of the attacker's wallet address. (source link)

ChainCatcher news, Solana lending project Solend founder Rooter stated on Twitter that Alameda Research manipulated the token price during the Solend IDO. In the Solend IDO at the beginning of November last year, two addresses associated with Alameda Research, specifically set up for the Solend IDO, purchased $40 million worth of tokens on the first day, pushing Solend's FDV (Fully Diluted Valuation) to $2.5 billion, making the total fundraising exceed $100 million, thereby "scaring away" retail investors. Then, at the last moment on the second day of the IDO, they withdrew $80 million, and Solend ultimately raised $26 million.Rooter also stated: "Alameda's behavior reflects SBF's ideology—interests can absolve all sins. As long as the purpose is just, any means can be justified." (source link)