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 Namibia
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 Advcash, SEPA, Faster Payments, or PIX payment gateways 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 On-going challenges and promotions
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FAQ
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The Namib Desert along the Atlantic Ocean coast distinguishes Namibia, a nation in southwest Africa. Numerous species of wildlife can be found throughout the nation, including a sizable cheetah population. Namibia has a population of 2,644,844, and its official currencies are the Namibian dollar (NAD) and the South African rand (ZAR). It takes a few minutes to buy Suilend(SEND) or other cryptocurrencies on Bitget with ZAR, including Crypto Deposit, P2P Trading, and Third-Party Payments (using Apple Pay or Google Pay).
The most widely-known cities in Namibia are Windhoek, Rundu, Walvis Bay, Swakopmund, and Oshakati. Wherever you are in Namibia, there is no better place to trade cryptocurrencies or crypto futures than right here with Bitget, which has already acquired the U.S. MSB License, Canada MSB License, and Australia (DCE) License.
Namibia has so many beautiful attractions, such as Namibia Craft Center, NamibRand Nature Reserve, Daan Viljoen Nature Reserve, Dune 7, and Walvis Bay Waterfront. Magnificent dunes, gravel plains, undulating highlands, and diamond-rich coastal deserts are just a few of Namibia's dramatic landscapes. English is the official language of Namibia, and the Bitget app and website are available for it.