Suilend is the leading DeFi lending protocol on Sui, built by the Save (formerly Solend) team, offering pool-based overcollateralized lending plus integrated liquid staking (SpringSui) and swap (STEAMM) products. In June 2026 Suilend (with STEAMM and SpringSui) was acquired by Bluewater, with Bluefin co-founder Zabi as CEO; the SEND governance token was excluded from the deal and is being wound down / liquidated to holders, leaving the protocol under centralized corporate ownership with no live DAO.
Deposit collateral, borrow USDC, then shock the price to watch your health factor and liquidation.
Pick a collateral asset and how much to supply. Each asset has its own loan-to-value and liquidation threshold — safer, deeper assets let you borrow more per dollar.
Collateral is revalued live by the Pyth + Switchboard oracles.
Live signals detected by Sentinel monitors across all five risk classes.
See each alert's affected component, root-cause analysis, and recommended action. Pro members get the full risk breakdown for every protocol.
Sui DeFi lacked a deep, reliable lending venue with a credible team and rigorous risk parameters; users had no battle-tested place to lend SUI, sSUI, or stables.
Suilend ports the Save/Solend pool-based lending model to Sui in Move, with isolated pools, supply caps, dual oracles (Pyth + Switchboard), and an integrated DeFi suite (SpringSui LST + STEAMM AMM).
Leading lending TVL on Sui by a team with multi-year lending experience (Solend since 2021); native Sui-ecosystem token (SEND) distributed via a novel mdrop mechanism; integrated product family beyond pure lending.
Suilend is a Lending protocol operating on Sui. Suilend is the leading DeFi lending protocol on Sui, built by the Save (formerly Solend) team, offering pool-based overcollateralized lending plus integrated liquid staking (SpringSui) and swap (STEAMM) products. In June 2026 Suilend (with STEAMM and SpringSui) was acquired by Bluewater, with Bluefin co-founder Zabi as CEO; the SEND governance token was excluded from the deal and is being wound down / liquidated to holders, leaving the protocol under centralized corporate ownership with no live DAO.
Suilend ports the Save/Solend pool-based lending model to Sui in Move, with isolated pools, supply caps, dual oracles (Pyth + Switchboard), and an integrated DeFi suite (SpringSui LST + STEAMM AMM).
DeFi Sentinel rates Suilend BB with a safety score of 60/100, indicating elevated risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Suilend has 3 audits on record. DeFi Sentinel's analysis flagged 4 high, 3 medium, 9 low risk alerts across Governance & Centralization, Smart Contract & Technical Risk, Economic Design & Market Risk, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
Suilend has a DeFi Sentinel safety score of 60/100 (rating BB), last updated July 8, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Suilend is deployed on Sui.
Yes. Suilend has 3 audit reports on record from firms including Zellic, OtterSec, Certora. Audit reports and dates are linked under the Resources tab on this page.
