Lending · Review
ActiveSuilend Review 2026: Sui Lending and Borrowing Protocol
Suilend is a lending and borrowing protocol on the Sui blockchain, built by the team behind Solend. It holds about $148 million in TVL, but readers should check rates and risks themselves.
By the DappsAtlas editorial team · Updated
DappsAtlas score
7.3/10
Good
Our verdict on Suilend
7.3/10Suilend suits Sui users who want to earn interest on idle assets or borrow against them without leaving the ecosystem. Its main strengths are about $148 million in TVL, a team with prior lending experience at Solend, and two listed audits. The main caveat is that fees and rate details are not, and standard DeFi risks such as smart-contract bugs and liquidation still apply. Check the live rates and audit reports first.
Score breakdown
How Suilend scores
- Security
- 7.0/10
- Ease of use
- 7.0/10
- Fees
- n/a
- Features
- 7.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Suilend?
Suilend is a lending and borrowing protocol on the Sui blockchain. DefiLlama describes it as built by the team behind Solend, and the homepage presents it as Sui's DeFi Suite.
DefiLlama shows about $148.2 million in total value locked, up 0.5% over seven days, and lists the protocol since March 2024. It lists two audits and a token with the ticker SEND.
the public information available do not include rates, fees or detailed product lists, so this review covers the basics and points to where readers should verify details.
How Suilend works
Suilend is a pooled lending market. Lenders deposit assets into a shared pool and earn interest. Borrowers deposit collateral and borrow from the pool, paying interest that is set by supply and demand.
Each loan must stay over-collateralized. If the collateral value drops too far relative to the debt, the position can be liquidated, meaning others repay part of the debt and take collateral at a discount. This keeps the pool solvent.
All of this runs through smart contracts on Sui rather than a company holding funds. Price feeds, called oracles, tell the contracts asset values. Exact parameters are not public, so check the app for each market.
6 features
Key features
01
Supply to earn interest
Users deposit supported assets into pools to earn variable interest paid by borrowers.
02
Collateralized borrowing
Borrowers post collateral and take loans from the pools, subject to the protocol's risk parameters.
03
Native to Sui
The protocol runs only on Sui, so it uses that network's wallets and transaction model.
04
Broader DeFi suite
The homepage title calls it Sui's DeFi Suite, suggesting a wider set of tools beyond basic lending. The project does not list them.
05
SEND token
DefiLlama lists a token with the ticker SEND tied to the protocol.
06
Listed audits
DefiLlama lists two audits for the protocol.
Pros and cons
What we like
- Sizable TVL of about $148 million suggests meaningful use on Sui.
- Built by the team behind Solend, an established lending protocol on another chain.
- DefiLlama lists two audits.
- Listed since March 2024, so it has some operating history.
- Focused on one chain, which keeps the experience simple for Sui users.
Watch out for
- Smart-contract risk applies to any lending protocol, even with audits listed.
- Concentrated on one chain (Sui), so it depends on that network's health and liquidity.
- Fee, interest-rate and collateral parameters are not, so costs cannot be compared here.
- Borrowers can be liquidated if collateral value falls, which is a real risk in volatile markets.
- Audit reports and incident history are not detailed publicly, so readers must verify them directly.
Suilend fees
Fees are not published publicly available. Lending protocols typically charge borrowers interest, part of which goes to lenders and part to the protocol, and may apply liquidation penalties.
Current supply and borrow rates, and any protocol fees, should be visible in the app on the official site before you deposit. Sui network gas fees also apply to each transaction.
Is Suilend safe?
DefiLlama lists two audits, but the project does not name the auditors or the findings. Audits reduce but do not remove smart-contract risk, and readers should look up the reports on the official site. The project does not mention any incidents.
Users keep custody through their own wallets, so the main risks are contract bugs, oracle errors, liquidations and Sui network issues. Regulatory status is not stated publicly.
6 steps
How to get started with Suilend
- 1
Install a Sui-compatible wallet and secure the recovery phrase offline.
- 2
Fund the wallet with SUI for gas plus the asset you want to supply.
- 3
Open the official Suilend site and connect the wallet.
- 4
Review the supply and borrow rates, collateral factors and liquidation thresholds for each asset.
- 5
Start with a small deposit to learn how the interface works.
- 6
If you borrow, keep a safe buffer above the liquidation threshold and monitor your position.
Who Suilend is for
Suilend is for users already on Sui who want to lend assets for yield or borrow against collateral. It suits people comfortable with self-custody wallets and liquidation risk, not those seeking guaranteed returns.
Suilend FAQs
What is Suilend?
Suilend is a lending protocol on Sui. Users supply crypto assets to earn interest or borrow against collateral they deposit. DefiLlama lists it in the Lending category.
Who built Suilend?
DefiLlama describes it as built by the team behind Solend, a lending protocol on Solana. The project does not name individual team members.
Which blockchain does Suilend use?
Suilend runs only on Sui according to DefiLlama. You need a Sui-compatible wallet to use it.
Does Suilend have a token?
DefiLlama lists a token with the ticker SEND. The project does not describe its utility, supply or distribution, so check the official site and documentation.
Is Suilend safe?
No DeFi protocol is risk-free. DefiLlama lists two audits, but audits do not remove the risk of bugs, oracle problems or liquidation losses. Only deposit what you can afford to lose.
Compare
Suilend alternatives
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Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
NAVI Lending is an over-collateralized lending and borrowing protocol on Sui with isolated pools, flash loans and an institutional Prime product.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Dolomite is a multi-chain DeFi money market for lending, borrowing and leveraged strategies across 1,000+ assets, with its own DOLO token.
Compound V3 is a lending protocol on Ethereum and nine other chains where users supply a base asset for yield or borrow it against collateral.
Same category
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Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers.
Kamino Finance is a Solana DeFi protocol offering lending, automated liquidity vaults and leverage tools for users seeking on-chain yield.
Aave V4 is a modular, non-custodial lending protocol using a hub-and-spoke design, for users who want to earn on or borrow against crypto.
Venus Core Pool is a multi-chain DeFi money market where users supply crypto to earn interest or borrow against collateral, with about $1.18B in TVL.
Same chain
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OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
Triton One provides Solana RPC, gRPC streaming and indexed ledger data for developers, wallets and trading teams, alongside open-source tools.
Gate is a centralized crypto exchange founded in 2013 offering spot, futures, stocks and earn products for traders who want one multi-asset account.
Bitget is a centralized exchange for crypto spot and futures that also offers tokenized stocks, commodities and forex in one account, for active traders.
Backpack is a crypto exchange, US stock broker and self-custody wallet offering perps, lending yield and cross-collateral margin in one app.
Wormhole is a cross-chain messaging and bridge protocol linking over 40 blockchains, with the W governance token, for DeFi users and multichain developers.
How we checked
Sources
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