High returns + airdrop points, Suilend joins the booming Sui ecosystem ~
Written by Alex Liu, Foresight News
With the explosion of Sui ecology, what wealth opportunities are there for players on the chain? Foresight News has specially launched the "Gold Rush Manual Sui Special" to help readers harvest potential token airdrops. This is the first article in the series, "High returns + airdrop points, Suilend joins the booming Sui ecology ~".
SuiTember
Sui Lianchuang calls September "SuiTember".
Sui has indeed been making a lot of moves recently: Raoul Pal, a YouTube celebrity with millions of followers, called for orders, Grayscale launched Sui Trust, launched the game console SuiPlay0X1 in collaboration with Playtron, teamed up with Circle to bring native USDC to Sui, and cooperated with MoviePass and the car manufacturer DeLorean...
Combined with the price trend of SUI tokens, one can’t help but wonder: Will the Sui ecosystem have other big moves in September?
Sui ecosystem lending protocol Suilend even tweeted: "Sui airdrop season is happening, those who understand will understand." Whether other projects will airdrop is still unknown, but Suilend has basically made its cards clear. Suilend's entry into the booming Sui ecosystem may be a good entry point.
About Suilend
Suilend is a lending protocol built on Sui by the team of Solend (now renamed Save), a well-known lending protocol on Solana. The founder is Rooter. Solend has been running smoothly so far, and the platform has never had any security incidents. It can be said that the team's past technical resume and project performance are plus points.
Since September, Suilend has developed rapidly, and its TVL (total locked value) has now exceeded US$130 million.
High-yield gameplay
Suilend is supported by Sui Foundation and is eligible for SUI token incentives. Depositing stablecoins can earn an annualized rate of return of more than 12%. But all airdrop points come from lending behavior - lending is also subsidized by SUI tokens. Under the SUI subsidy, stablecoins and ETH can be borrowed at an interest rate below 1%, and they can be deployed to other protocols to earn interest (stablecoins can no longer be deposited in Suilend, Suilend will detect revolving loans). The underlying asset income and the interest rate spread are added together, and the comprehensive annualized income can reach more than 15%, and Suilend points can be obtained.
Operation Path
Path 1: Deposit stablecoins, borrow ETH, and deposit ETH in Scallop or Navi to earn interest rate spreads. Return: 15+% annualized + Suilend points.
Path 2: Deposit stablecoins, borrow SOL, bridge SOL back to Solana for staking and earn interest, income: 15+% annualized + Suilend points.
Path 3: Deposit ETH/SOL, borrow USDT (the points obtained by borrowing USDT are much higher than USDC), deposit USDT into Scallop or Navi to earn the spread/form a stablecoin LP on Aftermath/Swap into BUCK and deposit it into Bucket/deposit it into Typus SAFU, income: > 10% annualized + Suilend points.
Tip: Stablecoins, ETH, and SOL on Sui all need to enter through the wormhole. In the picture, the SOL interest rate soared due to a large amount of SOL borrowed in a short period of time. The SOL interest rate is usually 0-7% annualized for deposits, and the lending rate is less than 1% or even negative. Due to the existence of loan positions, you need to pay attention to liquidation risks.
Suilend Capsule
Suilend Capsule is the NFT that Suilend rewards to protocol contributors. It is divided into two categories: blue common and purple (as shown in the picture) uncommon.
In addition to being selected by participating in Suilend's promotional activities and sharing Suilend-related content on platforms such as X, you can also purchase Suilend Capsule directly on Tradeport (an NFT trading market that supports Sui).
Suilend Capsule can most likely be directly exchanged for Suilend tokens.
Rootlets NFT
Rootlets is an NFT series launched by Rooter, the founder of Suilend. The current floor price is 112 SUI. Do holders of Rootlets have a chance to receive Suilend token airdrops?
Although Rootlets officially stated that "there will be no airdrops and no Utility," Rooter said that "Suilend's success is Rootlets' success." Even Suilend said that "Rootlets' success is Suilend's success."
However, an NFT project that claims there will be no airdrops is taking regular snapshots of its holders. Think about it carefully.
Rootlets announces latest holder snapshot
