What Is Solend?

Solend is a core DeFi primitive on Solana, that offers lending and borrowing on-chain. Integrating Solend improves capital efficiency by earning yields on idle funds, and empowers a large range of DeFi yield strategies to come to live.

Solend offers a kickback to integrations, allowing integrations to earn borrow fees or utilize our platform to generate higher yields or improve capital efficiency for your users.

Overview

In this dashboard, I will answer this question from Flipside Crypto:

• 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?
• What is the % of TVL contributed from isolated and permissionless pools, against the main pool over time?
• What is the amount/% of TVL that comes from PDAs/integrations or DAOs/Realm addresses, instead of normal signers?
• Overall how healthy does Solend appear as a protocol nd is it gaining traction in the Solana ecosystem?

Conclusion

• On someday after 17 Aug Solend experienced more daily active users but this increased was not steady growth for instance on 17 Aug Solend experienced nearby 27K users but on 18 Aug only experienced nearby 9K users and on later day 19 Aug experienced nearby 29.5K users. it seemed permissionless pool can not influence for long term but in short term for example one day or two days yes permissionless was successful.
• Nearby 70 users interacted on permissionless pool since inception also Most number of daily permissionless pool was on 25 Aug with 30 users.
• Isolated Pools are most popular pool among Isolated and Main and Permissionless Pools and most amount of iolated pools was on 26 Jul with nearby 5B and most amount of permissionless pools was on 18 Aug with nearby 185M on top of that isolated pools had nearby 95% proportion of all and permissionless pool had nearby 4% and main pools only had 1%.
• STEP pools had most popularity and had nearby 34% proportion of all amount and after STEP, SAMO had second place with a bit difference.
• Finally, Solend Users compare with Solana users is like a sand grain in desert, it seems Solend can not threat Health of Solana Network.