SuiLend is a leading lending protocol on the Sui blockchain, created by the experienced team behind Solend. SuiLend has gained over $200 million in Total Value Locked (TVL) since its launch in March 2024.
This DeFi platform enables users to deposit and borrow popular cryptocurrencies like SUI, USDC, USDT, ETH, and SOL, providing a secure and efficient lending solution backed by robust security measures.
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What is the SuiLend Airdrop?
SuiLend has officially announced its native token, $SEND, with an expected launch in December 2024. As part of its airdrop campaign, SuiLend is implementing a points system to reward active users.
Users earn points for participating in various platform activities, including deposits, loans, and strategic moves within the SuiLend ecosystem.
Currently, 20 million points are distributed daily, split equally between deposit and borrowing activities.
Key Features of SuiLend Airdrop
- High-Yield Opportunities: SuiLend offers yields over 12% on stablecoin deposits and low borrowing rates for assets like ETH and SOL, often under 1%.
- Point-Based Rewards System: Users accumulate SuiLend points daily.
- Diverse Asset Support: Points can be earned on SUI, USDC, USDT, ETH, and SOL.
- Potential NFT Rewards: In addition to points, SuiLend offers “SuiLend Capsules” NFTs.
Step-by-Step Guide to Claim the SuiLend Airdrop
Follow these steps to get involved in the SuiLend airdrop and maximize your $SEND token rewards:
Visit the SuiLend Website: Go to the SuiLend website and click “Launch App.”
Connect Your Sui Wallet: Connect a compatible Sui wallet.
Fund Your Wallet: Deposit supported assets like SUI, USDC, USDT, ETH, or SOL. If you need these tokens, you can purchase them on exchanges like Binance.
Participate in Platform Activities: Start earning points through various activities:
- Deposit Assets: Stake supported cryptocurrencies to earn daily points.
- Borrow Assets: Take out loans in ETH, USDT, or other supported tokens, which also accrues points.
- Maximize Activity: Points are awarded for a wide range of transactions, including withdrawals, repayments, swapping, and bridging.
Monitor Your Points Accumulation: Keep track of your accumulated points.
Stay Updated on Airdrop Announcements: Watch for updates on the official launch and claiming details for $SEND tokens.
Tips for Maximizing Your Airdrop Potential
To improve your chances of receiving a higher airdrop reward, consider these strategies
- Diversify Activity: Engage with different assets.
- Consistent Participation: Maintain regular activity on the platform.
- Optimize Borrowing and Depositing: Consider both deposits and loans.
- Explore Yield Strategies: Utilize SuiLend’s recommended paths, such as depositing stablecoins to borrow ETH and redeploying to other platforms like Scallop.
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