Save Review 2026: Solana Lending and Borrowing, Formerly Solend

Save is a decentralized lending and borrowing protocol on Solana. It was previously called Solend, and public reporting indicates it launched in August 2021 and rebranded to Save in 2024. DeFiLlama files it under Lending and lists Solana and Eclipse as its chains.

The homepage describes it as Solana's permissionless savings account and compares it to Aave or Compound. Users can earn interest by lending crypto, or use deposits as collateral to borrow.

DeFiLlama shows about $76.2M in TVL, down 4.3% over seven days, plus a SAVE token and two listed audits. The site also lists saveSOL, a liquid staking product.

This review is based on public data and homepage, not hands-on use. The homepage dashboard displayed zero values when the data was captured, because it was still loading.

Save is a money market. Lenders deposit crypto into a pool and earn interest. Borrowers lock up deposits as collateral and borrow other assets from the same pool, paying a borrow rate. Rates are set by the protocol and shown per asset.

Each borrower has a loan-to-value limit. If collateral value drops and the position becomes too risky, liquidators can repay part of the debt and take collateral at a discount. The dashboard describes the liquidator role as permissionless, so anyone can perform this.

Pools also display an outflow limit, which caps how much can leave in a set period. Save also lists saveSOL, a liquid staking product.

Fees are not published publicly reviewed. The homepage dashboard shows a deposit APR and borrow APR for each asset, which is where users would see current rates.

Any protocol fees, such as a share of interest or liquidation penalties, should be checked in the documentation and the Revenue page. Users also pay normal Solana network transaction fees when they interact with the protocol.

DeFiLlama lists two audits for Save. The protocol is non-custodial in the usual money-market sense: you connect your own wallet and funds sit in on-chain pools. Audits reduce risk but do not remove smart-contract, oracle or market risks, and the audit details were not public reviewed.

One forum post in public reporting claims losses in a specific pool and calls Save a scam. That is a single unverified user claim, but it is a reminder to read pool-level details and to size positions carefully. Borrowers also face liquidation if collateral prices fall. Regulatory status is not stated publicly. Check the official Security page and docs for audit reports and incident history.

Save is for crypto users already comfortable with Solana wallets who want to earn interest on idle assets or borrow against collateral. It suits people who can monitor a loan and understand liquidation risk. It is not a fit for anyone who needs insured or guaranteed savings.