Grand Cayman, Cayman Islands, May 7, 2024, Chainwire
Suilend launches a points campaign after a successful beta with over $40 million in TVL. Suilend, the pioneering lending protocol developed by the Solend team, is launching a points campaign to reward users for depositing assets on the platform.
During the points campaign, Suilend will distribute 10 million points daily to its users. These points will be recorded on the Sui blockchain as non-transferable and non-claimable tokens. Additionally, the team will reserve points and rewards to reward users who actively contribute to Suilend. Contributions can range from writing threads and creating memes to promoting the project in a way that benefits the entire Suilend community.
Suilend is currently the fastest growing lending platform on Sui. Since launching on March 11, 2024, Suilend has attracted over $40 million in total value locked (TVL). In the process, it has paid $160,000 in interest to more than 5,000 users.
“We are very impressed with Suilend's record growth. Due to user demand, we have to increase deposit limits almost every week. We are pleased to lead the fastest growing protocol in Sui DeFi,” said Rooter. the founding pseudonym of Suilend.
Greg Siourunis, CEO of the Sui Foundation, said: “The Suilend team brought extensive experience and expertise to Sui. Suilend's growth on Sui has been an amazing demonstration of skill in not only creating a compelling and attractive DeFi platform, but also communicating the benefits of the platform to the Sui community. Suilend continues to be an incredible addition to the Sui DeFi ecosystem and is attracting increasing attention from the community.”
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ContactSui Foundation[email protected]
This article was originally published on Chainwire.
