Solend

Halal Rating :
Questionable
Last Price $0.36 Last updated:
Rank 885
1D Change 4.32 %
Market Cap $18.35m
Circulating supply 50,597,677
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • Solana Ecosystem
  • Lending & Borrowing

Purpose and Utility

Save (SLND) is a decentralized finance (DeFi) project that aims to provide a platform for users to earn rewards on their cryptocurrency holdings. The project promotes itself as a solution for users to earn sustainable yields on their digital assets.

Business Model and Operations

The platform operates through smart contracts on the blockchain, offering users the ability to stake their tokens to earn rewards. However, public information about its specific mechanisms and operations is limited.

Real-World Adoption

As of the most recent data available, the project shows limited real-world adoption. The token primarily trades on decentralized exchanges, with most activity centered around trading rather than utility usage.

Platform Development

Development activity appears minimal based on public repositories and community updates.

Token Distribution

Detailed information about token distribution, vesting schedules, and founder allocations is not readily available from verifiable sources.

Rating Justification

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