what's Save?
Save is a decentralized finance (DeFi) protocol on the Solana blockchain, originally launched as Solend, a lending and borrowing platform. It enables users to lend assets to earn interest or borrow against collateral in a permissionless manner, leveraging Solana's high-speed and low-cost transactions to provide efficient capital allocation in the DeFi ecosystem. The protocol has evolved to include innovative savings products, such as saveSOL, which allows users to deposit SOL and receive a yield-bearing token representing their share of the pooled assets. This facilitates liquid staking-like mechanics, where users can earn rewards while maintaining liquidity for use in other DeFi applications. Governance is handled through the SLND token, empowering the community to propose and vote on protocol upgrades.
Claim SEND rewards from SLND to SAVE conversion by Dec 12, when 0.15 SEND incentive expires.
contract
solana
Powers one-click deposit and withdrawal functionality via DAO proposals on Realms v2.
SEND token rewards from SLND to SAVE conversion must be claimed by December 12, 2:00 PM UTC+8, after which the 0.15 SEND per SAVE incentive expires.
Achieves #11 ranking in top 20 most-used dApps on Solana dApp Store from a pool of 175+ applications.
Drift listed as next integration target for the platform following Project0's integration with Kamino.
Protocol deprecates tETH following Eclipse's decision to end support, requiring all tETH depositors to withdraw funds by November 14.
Launches SAVE Solana Campaign offering zero borrow fees and increased loan-to-value ratios for SOL strategies.
Current APR of 11.21% is highest among liquid staking derivatives, leading next competitor by 1.82%
Staking yields 18% APR through the Save platform.
Protocol reaches $800K in deposits.
Part of Save Finance ecosystem, grew to over $300M TVL on Solana.