Name: Solend
SKU: SLND
Price: 0.866249520966 USD

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana.Lending and borrowing has proven itself as being 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:<ul><li>Earn interest</li><li>Borrow</li><li>Leverage long</li><li>Short</li></ul>

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<h3>How the IDO works</h3>The Solend IDO is modeled after&nbsp;<a href="https://mango.markets/" rel="noopener noreferrer" target="_blank" style="color: inherit;">Mango</a>’s. It consists of two consecutive 24 hour phases: a&nbsp;sale period&nbsp;in which USDC may be deposited or withdrawn, and a&nbsp;grace period&nbsp;in which USDC may only be withdrawn. Afterwards, depositors can redeem an amount of SLND tokens proportional to their share of the pool.<h3>IDO details</h3>The IDO will be live at&nbsp;<a href="https://ido.solend.fi/" rel="noopener noreferrer" target="_blank" style="color: inherit;">ido.solend.fi</a>. A total of 5% of the SLND total supply is set aside for the IDO: 4% for the IDO itself and 1% to LP SLND-USDC after the IDO has ended. (A quarter of the IDO proceeds will also be used to LP.)The timing of the IDO is as follows:<ul><li>Nov 1 12:00pm UTC: Sale period (deposit and withdraw)</li><li>Nov 2 12:00pm UTC: Grace period (withdraw only)</li><li>Nov 3 12:00pm UTC: IDO ends</li><li>Nov 3 16:00pm UTC: Tokens become redeemable</li></ul>

Solend

Solend is the autonomous interest rate machine for lending on Solana.

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Solend SLND

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