Suilend
AuditedVerifiedSuilend 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.
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Score history
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The Problem
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.
The Solution
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).
Why it Matters
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.
Protocol Metrics
Related Research
View allFrequently asked questions about Suilend
What is Suilend?+
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.
How does Suilend work?+
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).
Is Suilend safe?+
DeFi Sentinel rates Suilend BB with a safety score of 62/100, 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, 5 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.
What is the safety score of Suilend?+
Suilend has a DeFi Sentinel safety score of 62/100 (rating BB), last updated September 17, 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%).
Which chains does Suilend support?+
Suilend is deployed on Sui.
Has Suilend been audited?+
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.