activeDeFi Lending

Suilend Airdrop

Premier lending protocol on Sui developed by the Solend team, featuring isolated money markets and Suilend CAPS points.

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Reward Potential

Suilend CAPS & $SEND Token Allocation

Total Funding

Ecosystem

DeFi Lending

Key Backers

Solend Ecosystem, Rootlets, Sui Foundation Grants

📖 Protocol Overview & Significance

Suilend is the premier algorithmic lending and money market protocol built on the ultra-high-throughput Sui blockchain. Founded by 0xRooter and the seasoned engineering team behind Solend (the legendary multi-billion dollar lending protocol on Solana), Suilend brings battle-tested risk parameters, dynamic interest rate curves, and institutional-grade credit markets to Sui's object-oriented Move environment. Within months of deployment, Suilend has ascended to become one of the foundational pillars of the Sui DeFi ecosystem, commanding hundreds of millions in TVL.

By leveraging Sui's sub-second finality and object-centric parallel execution, Suilend delivers instantaneous, deterministic borrowing and lending transactions with negligible gas fees. Users deposit high-conviction assets—including SUI, USDC, USDT, and native liquid staking tokens (suiETH, sSUI)—to earn compounding interest, while borrowers collateralize their deposits to access decentralized liquidity. Suilend features isolated lending pools, real-time liquidation oracles powered by Pyth Network, and granular liquidation penalties designed to protect protocol solvency during volatile market swings.

The protocol's points system, Suilend CAPS (and Points Seasons), systematically rewards active lenders, disciplined borrowers, and Rootlets NFT holders. By engaging in both sides of the money market, keeping health factors within secure bands, and utilizing Suilend's innovative SpringSui liquid staking integration, users optimize their allocation for the upcoming native SEND token generation event.

🎯 Pro Farming Strategy & Multipliers

To optimize your Suilend CAPS accrual and upcoming SEND allocation:

1. Supply blue-chip assets such as SUI, USDC, and USDT into Suilend core pools. 2. Enable collateral and borrow stablecoins at conservative loan-to-value ratios (keeping health factor above 1.5x) to trigger higher borrowing CAPS multipliers. 3. Explore SpringSui liquid staking to convert SUI into yield-bearing sSUI. 4. Maintain consistent lending duration without rapid capital withdrawals. 5. Monitor official Suilend leaderboard stats and participate in ecosystem community roles.

📊 Tokenomics, Allocation & Vesting

The protocol is governed by the native $SEND token, structured with a total supply of 100,000,000 tokens.

A substantial 15% allocation is explicitly dedicated to community airdrops for CAPS earners, active borrowers, and Rootlets NFT supporters.

The SEND token empowers holders with governance control over interest rate parameters, collateral asset listings, and fee-sharing distribution models. Community incentives account for 55% of the total supply, with 20% to core developers, 15% to treasury reserves, and 10% to strategic advisors.

🛡️ Sybil Protection & Snapshot Defense

Suilend calculates CAPS continuously using time-weighted averages rather than snapshot moments.

Circular flash-borrowing, rapid cycling of identical funds across bot wallets, and artificial liquidation gaming are filtered out by on-chain risk telemetry.

📝 Step-by-Step Checklist

Click to Track

Step 1:Install a Sui-compatible Web3 wallet (Sui Wallet, Nightly, or Suiet).

Step 2:Acquire SUI tokens and bridge USDC/USDT onto the Sui blockchain.

Step 3:Navigate to the official Suilend dApp at suilend.fi and connect your wallet.

Step 4:Select a qualifying lending market (such as SUI, USDC, or sSUI) and deposit collateral.

Step 5:Enable your deposited assets as collateral within the dashboard settings.

Step 6:Borrow a conservative amount of stablecoins or SUI to boost your daily CAPS points accumulation.

Step 7:Explore SpringSui to participate in native liquid staking rewards.

Step 8:Monitor your CAPS ranking on the official Suilend leaderboard and track SEND token announcements.

❓ Frequently Asked Questions

What is Suilend and who built it?

Suilend is the dominant lending protocol on Sui, developed by 0xRooter and the team behind Solend, the leading lending platform on Solana.

What are Suilend CAPS?

CAPS are protocol reward points earned by lending and borrowing assets on Suilend, directly tracking eligibility for the upcoming SEND token airdrop.

Which assets can be supplied to Suilend?

Supported assets include SUI, native USDC, USDT, liquid staking tokens like sSUI, and wrapped Ethereum/Bitcoin assets.

How does Suilend manage liquidation risk?

Suilend utilizes high-frequency Pyth oracles, dynamic interest rate curves, and isolated lending pools to liquidate undercollateralized loans instantly.

Does borrowing earn more points than lending?

Yes, borrowing typically carries higher point multipliers to reward users who generate active protocol interest and drive loan utilization.

What is the utility of the upcoming SEND token?

SEND will serve as the governance token of Suilend, enabling fee sharing, risk parameter voting, and gauge emissions direction.

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Important Disclaimer: Not Financial Advice

This guide for Suilend is published strictly for educational and informational research purposes. Airdrop participation, testnet tasks, and smart contract interactions involve technical and financial risks. Airdroplyx does not provide investment, legal, or financial advice and cannot guarantee token allocations, eligibility, or future monetary value.

Always conduct your own due diligence (DYOR), use a dedicated burner wallet with zero primary funds, and never share your seed phrase. Read our full Risk Disclaimer →