Navigating Sui: DeFi - Suilend
What is Suilend?
Suilend is the leading lending protocol on Sui, developed by the team behind Save (previously Solend). Leveraging years of experience in volatile crypto markets, the team has expanded Suilend into a comprehensive DeFi suite, integrating lending, infinite liquid staking via SpringSui, and a Superfluid AMM through STEAMM.
The platform enables users to earn interest, borrow assets, leverage long or short positions, swap tokens, liquid stake SUI, and provide liquidity—all within a single ecosystem. As a fully open-source protocol, Suilend prioritizes transparency, with two independent audits available for review. Risk management and liquidation mechanisms are also clearly documented to ensure user awareness.
Why use Suilend?
Suilend stands out as a foundational pillar of Sui DeFi, not just another lending protocol. Its deep integration with SpringSui (Sui’s leading liquid staking standard) and STEAMM enables seamless lending, borrowing, and yield opportunities. Built by one of the most experienced DeFi teams on Sui, Suilend has been stress-tested through volatile markets, ensuring resilience and reliability. The protocol operates with a safety-first mindset, prioritizing user protection in everything from asset listings to borrowing limits.
Fully open-source and audited, Suilend emphasizes transparency and security, giving users full visibility into its operations. Backed by strong capital and a long-term commitment to Sui’s growth, the protocol is designed to be a sustainable, trustless solution for DeFi participants. With its robust infrastructure and ecosystem-wide integrations, Suilend is your center for DeFi on Sui.
Visit Suilend here.
How to lend Suilend
Connect OKX Wallet: Click “Connect Wallet” on the Suilend interface, select “OKX Wallet,” and approve the connection. Download OKX Wallet here.
Select an Asset to supply (lend): Navigate to the “Lend” tab to view the assets that you can supply as collateral to earn yield. In this example we will be supplying SUI.
Supply your token: Click on the asset you would like to lend and enter the amount you would like to supply. Click the “Deposit” button and confirm the transaction in your OKX wallet to confirm your position.
How to borrow on Suilend
In order to borrow, you will need to have lent (supplied) assets as collateral. Follow the steps above to supply assets. Always note the ‘Borrow APR’ as this is the interest you will need to pay back for borrowing.
Connect OKX Wallet: Click “Connect Wallet” on the Suilend interface, select “OKX Wallet,” and approve the connection. Download OKX Wallet here.
Borrow an asset: In the same “Lend” tab, select and click the token you would like to borrow. Once selected, navigate to the “Borrow” tab. Enter the amount you would like to borrow, click on “Borrow” and sign transactions to confirm your position.
