What other projects can be participated in within the Sui ecosystem?
With this question in mind, I opened @DefiLlama and saw that #SUI has Suilend ranked first in TVL. If you have previously learned about the lending projects on @Sui , you should be quite familiar with it.
Next, I will talk about another project on Sui developed by the Suilend team: the AMM protocol STEAMM.
Core features of STEAMM:
Integration of lending: Automatically deposit unused liquidity from the AMM into Suilend to earn additional interest income.
bToken mechanism: The assets of LPs are represented as bTokens in the AMM, which automatically earn interest and can be returned to LPs proportionally.
Flexible quoting module (Quoter): Supports various quoting models (such as constant product, stablecoin trading, dynamic fee rates based on volatility), adaptable to market evolution.
Efficient liquidity pool: All pool funds are managed by the Bank, allowing for cross-pool asset allocation and enhancing AMM's ability to handle large transactions.
💡 In simpler terms:
Idle LPs will automatically be deposited into the Suilend lending market, allowing LPs to earn both trading fees and lending interest simultaneously. Additionally, the quoting mechanism has been optimized to prevent user losses.
In terms of data, the protocol has quickly reached a TVL of $1M since its launch in mid-February this year, and the current TVL is around $10M.
Finally: If you now form WAL-USDC LP and SUI-USDC LP, you can not only get a good APR but also earn STEAMM Points, which will serve as the basis for the airdrop in the second phase of Suilend.
