Solana network congestion
There may be delays with completing a trade for this token. The Solana network is currently experiencing network congestion due to higher than normal trading activity.
Buy Save (SLND)
What is Solend?
Solend (SLND) is a decentralised lending and borrowing protocol built on the Solana blockchain. It allows users to lend and borrow various assets, including SOL, USDC, USDT, and ETH, among others. The platform is designed to provide an efficient and cost-effective lending experience by leveraging Solana’s high transaction speeds and low fees. One of its key features is permissionless pool migrations, enabling users to move funds between pools without requiring special permissions.
How does Solend work?
Solend operates as an algorithmic protocol for lending and borrowing on the Solana blockchain. It utilises Solana’s Proof of History (PoH) combined with Proof of Stake (PoS) to ensure fast transaction processing and scalability.
The protocol automates lending and borrowing processes using smart contracts, which determine interest rates through an algorithmic interest rate machine. Additionally, Solend supports a wide range of crypto assets, including native coins, stablecoins, and memecoins, providing users with diverse opportunities for earning interest and leveraging their holdings.
What are the potential use cases for Solend?
Solend serves multiple applications within the decentralised finance (DeFi) sector, including:
- Lending and borrowing crypto assets – Users can deposit assets to earn interest or take out loans.
- Earning interest – Depositors receive yield based on supply APY.
- Leveraging crypto assets – Borrowers can use their assets as collateral to gain exposure to other investments.
- Liquidity mining – Users can participate in liquidity pools for additional rewards.
- Governance – SLND token holders can vote on protocol decisions.
- Utility within the Solend ecosystem – Supporting various DeFi functionalities.
What is the history of Solend?
Solend was created as a lending and borrowing protocol on Solana to expand the blockchain’s DeFi ecosystem. While details about its founding team are not publicly available, the protocol has achieved several milestones, including:
- Supporting lending and borrowing for multiple assets, such as SOL, USDC, USDT, and ETH.
- Reaching a significant Total Value Locked (TVL) in the Solana DeFi space.
- Upgrading Solend’s oracles to support additional assets.
- Implementing governance mechanisms to empower the community.
- Introducing isolated and permissionless pools for greater flexibility.
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Frequently Asked Questions (FAQs)
What is the current price of Save (SLND)?
The Save price is $0 AUD, representing a 0% from the day prior.
Where is the best place to buy Save (SLND) in Australia?
The best place to buy Save (SLND) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Save (SLND) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Save (SLND)?
The trading volume of Save (SLND) is $0 AUD in the last 24hrs, representing a 0% from the day prior.
How can I buy Save (SLND)?
Save (SLND) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Save (SLND)?
The current market cap of Save (SLND) is $0 AUD.
Can I convert Save (SLND) to cash?
Yes - With Coinstash you can convert your Save (SLND) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Save (SLND) are there?
The current circulating supply of Save (SLND) is 0.
Is Coinstash a safe place to buy Save (SLND) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Save (SLND) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.