solend is now save
In a major move that signals its evolution beyond traditional lending, Solend, the pioneering lending protocol on Solana, has officially rebranded to Save Finance. This strategic transformation aims to reflect a broader vision for DeFi: one that puts users first, simplifies the lending experience, and builds a sustainable, long-term future.
Why Rebrand?
Launched in 2021, Solend quickly rose to prominence as the leading decentralized lending platform on Solana, offering users lightning-fast borrowing and lending with minimal fees.
However, as the ecosystem matured and user needs shifted, the Solend team recognized a need for clearer branding and purpose.
The name “Solend” reflected its origin as a Solana-based lending platform, but it no longer captured the protocol’s evolving mission. The new name, Save, underscores the project’s shift toward empowering users to grow their assets securely over time, while still maintaining the composability and speed of Solana.
“Save represents a fresh start and a clearer message,” the stated in their official announcement. “We’re no longer just a lending app, we’re building the best place to save in DeFi.”
What Changes?
The rebrand goes beyond just a new name and logo. Save Finance is rolling out a suite of updates to improve user experience, safety, and transparency:
- Simplified Interface: The app now focuses on a clean, intuitive experience for users who want to earn yield on their crypto holdings without complex DeFi mechanics.
- Save Initiative: A new tiered savings product that offers enhanced returns and risk management options.
- Stronger Risk Controls: Updated liquidation logic and oracle integrations to ensure better protection during volatile market events.
- Reputation Reset: With the rebrand, Save aims to re-establish trust and distance itself from past technical hiccups that impacted Solend in 2022.
Importantly, the underlying smart contracts, token economics, and user funds remain intact. Existing users don’t need to migrate assets or change wallet settings, Save is simply a continuation of the Solend protocol, under a refreshed brand.
What’s New?
The rebrand comes with a suite of exciting new products and features aimed at improving accessibility and user experience:
SUSD - The Save Dollar
SUSD is Save’s new native stablecoin, designed to be overcollateralized, transparent, and safe. Unlike other algo-stablecoins, SUSD prioritizes stability and trust, making it ideal for DeFi users who want to save or earn yield without worrying about volatility.
Users can mint SUSD against deposited collateral and use it across the Solana ecosystem, or simply hold it to earn interest passively on Save.
saveSOL - Stake SOL While Keeping Liquidity
SaveSOL is a liquid staking token that lets users stake their SOL for rewards while retaining full flexibility to use it in DeFi. It’s part of Save’s mission to make yield-generation easier and more composable.
With saveSOL, you no longer need to choose between staking and lending, you get the best of both worlds.
dumpy.fun - Defi With a Meme Twist
In a surprising and playful addition, Save has also launched dumpy.fun, a meme-powered yield app that makes saving and staking fun, especially for the Solana degen crowd. It’s lightweight experiment aimed at onboarding new users through humor and gamified DeFi.
Despite the memes, Dumpy integrates real Save products under the hood, helping users earn yield in an easy and entertaining way.
The Bigger Picture
Save Finance isn’t just repositioning itself, it’s helping define what the next generation of DeFi apps looks like: faster, friendlier, and less intimidating.
By offering a stablecoin (SUSD), a liquid staking token (saveSOL), and a meme front-end (dumpy.fun), Save appeals to both serious savers and the vibrant Solana culture. Its focus is now firmly on building trust, simplicity, and sustainable DeFi tools for the long haul.
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