Difference between revisions of "Suilend (SEND)"

Latest revision as of 01:42, 11 December 2024

Lending on Sui

Basics

Based in:
Started in / Announced on:
Testnet release:
Mainnet release: 12-3-2024

History

Built by the team of Solend, which is notorious for its founder trying to take over a whale account to 'soften' a liquidation.

Audits & Exploits

Bug bounty program can be found [insert here].
Has had two audits, one from Zellic (5-3-2024), and one from OtterSec (20-3-2024).

Bugs/Exploits

Governance

Admin Keys

DAO

Notable Governance Votes

Treasury

Token

Launch

Will launch December 2024.

Token Allocation

From their docs (released 1 day before the airdrop, 10-12-2024):

"$SEND has a total supply of 100M. Here's the breakdown:

Community: 65%
Investors: 20%
Team: 15%

Mdrops are a new token distribution model for SEND. Here’s how it works:

When you redeem your SEND allocation, you’ll receive mSEND, which you’ll use to claim SEND.
Claiming SEND early comes with a penalty fee, which is paid in SUI. This reduces volatility and increases demand for SUI.
The mSEND penalty decreases linearly over time: • 3 months for Points & Ecosystem allocations. • 6 months for Team & Investor allocations. • 12 months for SAVE allocations.
On the maturity date (e.g., after 3 months for Points & Ecosystem allocations) you can claim the full SEND tokens without any penalty.

Unlocks are as follows:

Mdrops are unlocked on day 1
Investors unlock over 2 years
Team unlocks over 4 years"

Inflation

Utility

Burns

Other Details

Technology

Whitepaper or docs can be found [insert here].
Code can be viewed [insert here].
Built on Sui

How it works

Fees

Upgrades

Liquidity Mining

Is having a point system before launching SEND.

Interoperability

Other Details

Oracle Method

Their Other Projects

SpringSui

SpringSui is their LST for Sui.

Steamm

From the whitepaper (11-2024):

"Steamm is an Automated Market Maker with an embedded money market integration, designed to maximize capital efficiency. It features a composable architecture that allows for the integration of various quotation system, such as a Constant-Product quoter, quoters specialized in stablecoin trading, as well as dynamic fee quoters based on market volatility and trading volume. Steamm’s liquidity re-utilization model deposits idle liquidity into Suilend’s lending markets, improving capital efficiency and generating additional yield for liquidity providers."

Roadmap

Can be found [Insert link here].

Revenue

Usage

Projects that use or built on it

Competition

Scallop and other lending protocols.

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

Full team can be found [here].

Funding

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

SOL tip address: 5C9xsqRnFygis4T8nfVy7Cz6cjcacx9oAMMSFiV9p6m3

@@ Line 11: / Line 11: @@
 ==Audits & Exploits==
 *[[bug bounty|Bug bounty]] program can be found [insert here].
+*Has had two audits, [https://drive.google.com/file/d/1eKdeVL2kkmE6S8LJXAZtqQYcr8N25gTI one] from [[Zellic]] (5-3-2024), and [https://drive.google.com/file/d/1I8g5AT5oDu77gULyops3-YTi5RMB2E2j/view?usp=drive_link one] from [[OtterSec]] (20-3-2024).
 ===Bugs/Exploits===
 ==Governance==
@@ Line 22: / Line 23: @@
 ===Token Allocation===
+* From their [https://docs.suilend.fi/send/tokenomics-and-mdrops docs] (released 1 day before the [[airdrop]], 10-12-2024):
+''"$SEND has a total supply of 100M. Here's the breakdown:''
+# ''Community: 65%''
+# ''Investors: 20%''
+# ''Team: 15%''
+''Mdrops are a new token distribution model for SEND. Here’s how it works:''
+# ''When you redeem your SEND allocation, you’ll receive mSEND, which you’ll use to claim SEND.''
+# ''Claiming SEND early comes with a penalty fee, which is paid in SUI. This reduces volatility and increases demand for SUI.''
+# ''The mSEND penalty decreases linearly over time: • 3 months for Points & Ecosystem allocations. • 6 months for Team & Investor allocations. • 12 months for [[Save (SLND)|SAVE]] allocations.''
+# ''On the maturity date (e.g., after 3 months for Points & Ecosystem allocations) you can claim the full SEND tokens without any penalty.''
+''Unlocks are as follows:''
+# ''Mdrops are unlocked on day 1''
+# ''Investors unlock over 2 years''
+# ''Team unlocks over 4 years"''
 ===Inflation===
 ===Utility===
 ====Burns====
 ===Other Details===
-==Coin Distribution==
 ==Technology==
 *[[Whitepaper]] or docs can be found [insert here].
@@ Line 41: / Line 63: @@
 ==Oracle Method==
 ==Their Other Projects==
+=== SpringSui ===
 [https://docs.suilend.fi/springsui/intro-to-springsui-standard SpringSui] is their [[Liquid Staking Tokens (LSTs)|LST]] for Sui.
+=== Steamm ===
+* From the whitepaper (11-2024):
+''"Steamm is an [[Automated Market Makers (AMM)|Automated Market Maker]] with an embedded money market integration, designed to maximize capital efficiency. It features a composable architecture that allows for the integration of various quotation system, such as a Constant-Product quoter, quoters specialized in [[Stablecoins|stablecoin]] trading, as well as dynamic fee quoters based on market volatility and trading volume. Steamm’s [[liquidity]] re-utilization model deposits idle liquidity into Suilend’s lending markets, improving capital efficiency and generating additional yield for [[Liquidity Provider (LP)|liquidity providers]]."''
 ==Roadmap==
@@ Line 64: / Line 94: @@
 Making these free wiki pages is fun but takes a lot of effort and time.
-If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information.
+If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
 SOL tip [[address]]: 5C9xsqRnFygis4T8nfVy7Cz6cjcacx9oAMMSFiV9p6m3