Save (formerly Solend) Review 2026: Solana Lending and Borrowing

Save is the rebranded Solend, a lending and borrowing protocol on Solana. The project calls itself Solana's permissionless savings account and describes itself as an algorithmic, decentralized protocol. The rebrand was announced in July 2024.

Users can earn interest, borrow, and open leveraged long or short positions. The protocol says that on Solana it can be 100x faster and 100x cheaper than existing lending products, and that it aims to be the easiest and most secure option on the chain. These are the project's own claims.

The docs also cover permissionless pools, flash loans, liquidators and integrations for developers. One third-party listing says the protocol also runs on Eclipse, and that its token, SLND, kept its ticker after the rebrand.

Save is a pooled lending market. Depositors supply assets to a pool and earn interest. Borrowers post collateral and take out loans from the same pool. Interest rates adjust algorithmically based on how much of the pool is borrowed.

Depositors receive cTokens, which represent a share of the pool and grow in value as interest accrues. If a borrower's collateral value falls too far relative to the loan, liquidators can repay part of the debt and claim collateral at a discount. This keeps the pool solvent.

Price feeds from oracles determine collateral values. Permissionless pools extend the model so that anyone can open a market for an asset, with the risks of that asset borne by the pool's users.

The introduction page does not state figures. The docs have separate Fees, Parameters, Limits and Liquidity Mining pages that cover the protocol's charges and settings. Readers should check those pages directly for current numbers.

Borrowers pay interest and may face liquidation penalties, and every Solana transaction carries a network fee. Supply and borrow rates move with market demand, so the app shows the live figure before any action.

Save's docs include a Risks page, a Liquidations page, an Audit page and an Oracles page. the public information available do not name auditors or list findings, so readers should open the Audit page directly. Depositors face smart-contract risk, oracle risk and the risk that bad debt builds up in a pool.

The founder is known by the pseudonym Rooter, and a community forum post asks for help identifying them while claiming the protocol operates illegally in many countries. That is one unverified claim, but it shows regulatory and operator-transparency questions. Users should check local rules and use only funds they can afford to lose.

Save is for Solana users who already hold a wallet and want to lend assets for yield or borrow against them. It also suits developers who want flash loans or integrations, and advanced users who want to list their own pool. Beginners should read the risk and liquidation pages first.