ChainCatcher news, the Sui ecosystem lending protocol Suilend announced on platform X that the SEND token has been launched at 13:00 Beijing time on December 12.Suilend further stated that 40% of the SEND supply will be distributed through the mdrop mechanism: 20% will be rewarded to SEND point holders and early users; 5% will be allocated to the Sui ecosystem community; 15% will be allocated to SAVE holders on Solana.

ChainCatcher news, according to CoinDesk, the decentralized lending protocol Suilend announced the completion of a $4 million financing round, led by Robot Ventures, with participation from several venture capital firms and angel investors. Previously, the project raised $2 million in February of this year. Suilend founder Rooter stated that this financing will help the team maintain operations during a potential long-term bear market and ensure ample funding for the next four years.Suilend is the second largest DeFi protocol on the Sui chain, with a total value locked (TVL) of nearly $470 million, and it is also the largest lending protocol on the chain. In the past 30 days, its revenue has approached $820,000. Additionally, Suilend plans to launch its new token SAVE in the coming days, while continuing to expand its core product suite, including the recently launched liquid staking token project and the upcoming automated market maker (AMM).

ChainCatcher message, Sui ecosystem lending protocol Suilend announced that SEND will be launched on December 12, and the allocation checker is now online.Early users of Suilend before the launch of Points in May 2024 will receive 2% of SEND, with Suilend points accounting for 18% of SEND; Rootlets will receive 3.333% of SEND, distributed in three airdrops of 1.111% each.

ChainCatcher news, according to official sources, the Sui ecosystem lending protocol Suilend has announced its tokenomics plan. The total supply of the SEND token is 100 million, distributed using an innovative Mdrop (mature airdrop) mechanism.The specific allocation plan is as follows: 65% for the community, which includes 20% for Suilend Mdrop, 5% for ecosystem Mdrop, and 15% for SAVE Mdrop; 15% for project incentives; 15% for team shares; 20% for investor shares; and 10% for treasury reserves.The project team stated that they will launch the AMM project Steamm, which is deeply integrated with Suilend, in the first quarter of 2025, further improving the DeFi ecosystem layout. Investor tokens will be released linearly over 2 years, while team tokens will adopt a 4-year linear release mechanism.

ChainCatcher news, the Sui ecosystem lending platform Suilend announced on X that the deposit limit for native ETH has been increased to 2000 nbETH (approximately 6 million USD).

ChainCatcher news, the Sui ecosystem lending project Suilend announced that it is expected to launch its native token SEND in December, with more details on the tokenomics, release date, and release mechanism to be announced soon.

ChainCatcher news, Sui network ambassador Matteo hinted in a post on X that the token for the Sui ecosystem lending project Suilend may be launched within the next 60 days.

ChainCatcher message, the Sui ecosystem lending platform Suilend announced on social media that starting today, 100% of the points will be allocated to borrowing activities. Deposits will no longer earn points, and instead, 10 million Suilend points will be allocated daily to borrowing activities.

ChainCatcher news, the Sui ecosystem lending platform Suilend revealed on X that it will announce important news on August 12.In addition, the platform has raised the SOL deposit limit to 10,000 SOL (approximately 1.4 million USD).

ChainCatcher news, the Sui ecosystem lending protocol Suilend announced on social media the launch of the Swaps feature, allowing users to exchange assets such as SUI, USDT, USDC, ETH, etc. on Sui, with a fee of 0%.

ChainCatcher news, the Sui ecosystem lending protocol Suilend announced on social media that it has launched the dynamic account NFT feature, which represents users' deposits and loans.The official statement indicates that dynamic NFTs are a type of NFT that can change and evolve over time. When users first deposit funds into Suilend, the NFT will appear in their wallet and continuously refresh to display the latest balance. If users transfer the account NFT to another address, the ownership of their account and any assets will be transferred to that new address.

ChainCatcher news, the Sui ecosystem lending protocol Suilend announced the launch of a points program on platform X, distributing 10 million points to users daily. Specifically, 2 million points for SUI, 4 million points for USDC, and 4 million points for USDT will be distributed to users every day.These points will be stored on-chain rather than in a database, and users' points balance will increase accordingly when they engage in lending activities on Suilend. Suilend also reserves points and rewards to incentivize users who contribute to Suilend.

ChainCatcher news, the Sui ecosystem lending protocol Suilend has launched on the mainnet.It is understood that Suilend is the lending protocol launched by the Solana ecosystem lending protocol Solend on Sui.

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.