This research report aims to explore relevant issues of the project in depth and provide valuable information for investors. This article does not constitute any investment advice; please invest rationally.


It is worth noting that:


Suilend partners with #OKXWallet for a special event, giving away 100 NFTs for free!


The event is about to end, hurry to participate: https://www.okx.com/zh-hans/web3/giveaway/suilend


The native token SEND will launch on December 12, and the distribution 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.


Project Introduction


Suilend is an autonomous lending platform on SUI.


Project Investment


On December 6, 2024, Suilend completed $4 million in financing, announcing the completion of $4 million in funding led by Robot Ventures, with participation from several venture capital firms and angel investors including Alliance DAO, Mechanism Capital, Sui / Mysten Labs, Big Brain Holdings, Figment Capital, Bodhi Ventures, and Comma3 Ventures.


On February 1, 2024, Suilend completed $2 million in financing, with the investors not disclosed.


Project Advantages


Core Ecological Position: Suilend is the second largest DeFi protocol on the SUI chain and the largest lending platform, with a TVL (Total Value Locked) of up to $470 million, demonstrating strong market influence.


Innovative Airdrop Mechanism: Through the mdrop airdrop mechanism, a decreasing penalty for claiming is adopted to encourage users to hold tokens long-term, reduce short-term speculation, and eliminate the uncertainty of unlocking schedules.


Point Incentive System: 10 million points are distributed daily (these points are non-transferable and non-claimable). Users can earn points by depositing assets such as SUI, USDC, or USDT, thereby increasing user engagement.


High Yield APR: Suilend offers highly attractive annualized lending yields, reaching up to 15%+. Particularly, stablecoin deposits yield as high as 12%, further enhanced by SUI subsidies and point rewards, increasing user profit levels.


Low-Cost Lending: Lending costs are extremely low, with annualized rates in some cases even below 1%, allowing users to arbitrage or perform cross-chain operations after lending assets, reducing operational costs. These advantages make Suilend an attractive and competitive DeFi platform on the SUI chain.


Token Information


The total supply is 100 million, with specifics as follows:


Community: 65%


Investors: 20%


Team: 15%


Airdrop Plan: 40% (40 million tokens) will be airdropped to point holders, early users, Rootlets NFT, Capsule NFT, and SAVE holders through Mdrops.


Project Evaluation


With the explosion of the SUI ecosystem, everyone's attention has shifted from SUI to the SUI ecosystem. As the second largest DeFi protocol in the SUI ecosystem, this project has immense potential. The native token SEND of Suilend will launch on December 12, marking a new chapter for Suilend, aiming to build a sustainable DeFi ecosystem on SUI, and this is just the beginning.

#sui链