Eclipse Ecosystem

Solana Ecosystem

Save is a protocol based on algorithms that allows users to lend and borrow on the Solana and Eclipse blockchains.Lending and borrowing are fundamental components of the DeFi ecosystem. Existing offerings can be costly and slow. Save, operating on Solana and Eclipse, offers improved speed and reduced costs. It strives to provide a user-friendly and secure option for these financial activities With Save, users have the ability to:- Accumulate interest on deposits- Take out loans- Increase potential investment returns with borrowed funds- Bet on the decline of assets prices

Solend IDO information.

Solend IDO.

Guide for Solend IDO.

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Team

<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’s. It consists of two consecutive 24 hour phases: a&nbsp;sale period&nbsp;in which USDC may be deposited or withdrawn, and a&nbsp;grace period&nbsp;in which USDC may only be withdrawn.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>

Save

Save is the autonomous interest rate machine for lending on Solana and Eclipse.

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Name	Total	Unlocked	Locked
Liquidity Mining	30%	30%	-
Team & Shareholders	22.5%	5.50%	15.5%
Treasury	18%	5.50%	15.5%
Community Airdrop	12.8%	5.50%	15.5%

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