Solend TVL Tracking

    On August 17th, Solend announced their permissionless pools, where anyone can now create a pool. How has this influenced user behavior on Solend so far compared to prior user activity? How many users have used a permissionless pool?

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    Introduction to Solend

    The autonomous interest rate machine for Solana

    Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana.

    Lending and borrowing has proven itself as key in a DeFi ecosystem. However, current products are slow and expensive. On Solana, Solend can scale to being 100x faster and 100x cheaper. Solend aims to be the easiest to use and most secure solution on Solana.

    With Solend, you can do the following:

    • Earn interest
    • Borrow
    • Leverage long
    • Short
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    Method

    Main Pool

    Solend's main TVL sits in our main pool. These parameters are set with protocol health in mind, and we avoid listing riskier assets here until they have strong liquidity or represent low security risk. This pool will contain assets we are comfortable with listing alongside our main TVL, and usually have more liquidity.

    Conclusion

    The majority of Solend TVL sits in a global main pool and a series of small isolated pools. The global main pool can be accessed on the main page here, and follow the set parameters (variables set for each token).

    Tokens can be listed in the main pool if they do not represent an increase in risk, mainly by having reliable oracles or thick liquidity to assist in liquidations. Most tokens will be listed on Isolated pools first before proceeding to Main pool after sufficient time.