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:

• Q102, cTokens on Solend are a yield-bearing deposit receipt. This means you can convert USDC into cUSDC to get a tradeable token that also earns interest on Solend. You can hold this token in your wallet to continue earning interest, or you can send it to someone else, and they'll earn interest.

  What do users do with their cTokens? In which DeFi platforms are cTokens deposited in after minting on Solend? What are the most popular use cases for cTokens and where have they grown in usage over time? Does cToken behavior seem to be influenced by the size of the receipt?

Method

• For solve this question I use Solana schema and fact_events table.

Conclusion

• 60% cTokens Users transfer their tokens transfer event had 655K transactions.
• A program (LCNTy2Q4HsKUecKEETwwzujjbAx9DGFJort8SjGzGFj) lonely had nearby 98% all deposit transactions and wormDTUJ6AWPNvk59vGQbDvGJmqbDTdgWgAqcLBCgUb had second place with nearby 2%.
• From Dec 2021 until April 2022 Wormhole had lead in transaction but after this date LCNTy2Q4HsKUecKEETwwzujjbAx9DGFJort8SjGzGFj become most popular program.