Suilend Launches Factors Marketing campaign

Grand Cayman, Cayman islands, Could seventh, 2024, Chainwire

Suilend launches factors marketing campaign following a profitable beta with over $40 million in TVL.Suilend, the pioneering lending protocol developed by the Solend group, is launching a factors marketing campaign to reward customers for depositing belongings on the platform.

Through the factors marketing campaign, Suilend will distribute 10 million factors each day to its customers. These factors shall be recorded on the Sui blockchain as non-transferable, non-claimable tokens. Moreover, the group will put aside factors and bounties to reward customers who actively contribute to Suilend. Contributions can vary from writing threads and creating memes to selling the mission in ways in which profit the whole Suilend group.

Suilend is at present the fastest-growing lending platform on Sui. Since launching on March 11, 2024, Suilend has attracted over $40 million in complete worth locked (TVL). Within the course of, it has paid $160k in curiosity to over 5,000 customers.

“We’re very impressed with Suilend’s record-breaking development. As a result of consumer demand, we’re having to boost deposit limits virtually each week. We’re happy to be main the fastest-growing protocol in Sui DeFi,” acknowledged Rooter, the pseudonymous founding father of Suilend.

Greg Siourounis, Sui Basis Managing Director stated, “The Suilend group introduced in depth expertise and experience to Sui. Suilend’s development on Sui has been an astounding demonstration of ability not solely in creating an attractive and engaging DeFi platform, but additionally in speaking the advantages of the platform to the Sui group. Suilend continues to be a tremendous addition to the Sui DeFi ecosystem garnering rising consideration from the group.”

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This text was initially printed on Chainwire