What Is Suilend (SEND)?
Suilend is a decentralized lending and borrowing protocol built on the Sui blockchain. It enables users to deposit cryptocurrency to earn interest or borrow assets against their holdings. Designed for scalability and efficiency, Suilend takes advantage of Sui’s high throughput and low latency to provide a seamless DeFi (decentralized finance) experience.
The protocol includes innovative features such as isolated lending pools, which help manage risk, integrated token swaps for enhanced user convenience, and SpringSui liquid staking, which allows for flexible use of staked assets. Suilend’s native token, SEND, facilitates governance, incentivizes platform participation, and provides utility within the ecosystem.
How Suilend Works
Suilend operates through two types of lending pools: Main Asset Pools, which include established, low-risk cryptocurrencies, and Isolated Asset Pools, which manage newer or high-risk tokens by containing their risks. This dual-pool system helps balance stability and experimentation within the platform.
The protocol also integrates features like a built-in token swap for seamless transactions and SpringSui liquid staking, allowing users to stake SUI tokens and use their liquid form (sSUI) in DeFi activities. Together, these mechanisms streamline user experiences and enhance capital efficiency.
Who Are the Founders of Suilend?
Suilend is developed by the team behind Solend, a popular decentralized lending protocol on the Solana blockchain. The pseudonymous founder of Solend, Rooter, has described Sui as a blockchain offering advanced developer tools that improve scalability and security for decentralized applications (dApps).
How Many Suilend (SEND) Tokens Are in Circulation?
SEND, the native token of the Suilend, is available on various exchanges. It has a total supply of 100 million tokens.
How to Buy Suilend (SEND) on Bitget?
Consider investing in Suilend (SEND)? Follow these steps:
1. Create an account on Bitget .
2. Verify your identity.
3. Deposit funds.
4. Check out the available SEND trading pairs on Bitget.
Is Suilend (SEND) a Good Investment?
Suilend introduces features like isolated lending pools and liquid staking within the DeFi space, leveraging the scalability of the Sui blockchain. However, as with any cryptocurrency, investing in SEND involves risks such as market fluctuations and technical uncertainties. Careful research and an understanding of personal risk tolerance are recommended before considering an investment.
Simple 3-step guide to buying SEND today in Montenegro
Create your free Bitget account
Select a funding method
Complete your Suilend purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Suilend using a payment method of your choice:
Buy Suilend with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Suilend order.
How to buy crypto with credit/debit cardBuy Suilend with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Suilend is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Suilend order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Suilend order.Buy Suilend with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Suilend order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Suilend in your Bitget spot wallet
Bitget—where the world trades Suilend
How to buy Suilend for free
- Learn how to earn Suilend for free through the Learn2Earn promotion
- Earn free Suilend by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Suilend airdrops by joining ongoing challenges and promotions
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FAQ
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Located in Southeastern Europe and forming part of the Balkans is Montenegro, a nation that shares its borders with Serbia to the northeast, Croatia to the northwest, Bosnia and Herzegovina to the north, Kosovo to the east, Albania to the southeast, and the scenic Adriatic Sea to the west. Its coastline for the latter runs a whopping 293.5 kilometers long, with its capital city Podgorica located inland to the east. The city spans 13,812 square kilometers and is home to around 30% of Montenegro’s overall population of 621,000. There, you’ll find plenty of culturally-rich museums and art galleries, including the city’s main museum and the Center for Modern Art.
Due to the diversity of its landscapes which stretch from the coast of the Adriatic Sea to the mountain ranges of Durmitor, Bjelasica, Sinjajevina, Prokletije, Komovi, and more, the country attracts approximately 1.3 million tourists every year. Interestingly, more than 60% of the nation sits at an altitude of 1000 meters above sea level or more, meaning you’ll be able to ski up in the mountains and swim in the sea on the same day during mid-season changes. There are also four national parks, with Durmitor National Park earning the title of a UNESCO World Heritage Site.
Currently in the process of joining the European Union, Montenegro has adopted the Euro (EUR) as its official currency, and with direct support from Bitget, you can purchase Suilend(SEND) in just a matter of minutes, no matter where you are in the country, from Podgorica to Nikšić to Herceg Novi. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.