What’s Solend and the way does it work

Solend is a decentralized lending and borrowing protocol constructed on . It’s lauded for increasing the strategies obtainable for Solana customers to spice up monetary positive factors. Filling a big hole within the Solana ecosystem, Solend drew a staggering $100 million in deposits in simply over a month post-launch.

Associated: DeFi lending and borrowing, defined

How crypto lending works on Solana

Earnings and rewards

Swimming pools

Account panel

How Solend earns

Incorrect feed by oracles

Vulnerability of good contracts

100% utilization of funds

Liquidations

Giant, single debtors

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