Solend
Solend is a decentralized lending and borrowing protocol on Solana that lets users supply or borrow 136 assets across 29 pools. Operating as a self-serve DeFi platform (now rebranded to Save), it serves crypto holders seeking yield and DeFi traders needing collateralized leverage.
- Company typePrivate
- Founded2021
- HeadquartersPort Charlotte, United States
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Solend does
Solend is a decentralized lending and borrowing protocol built on the Solana blockchain, founded in 2021 and operating under the Save brand following a 2025 rebrand. The protocol functions as an autonomous interest rate machine, algorithmically setting lending and borrowing rates across 29 liquidity pools supporting 136 assets — including wrapped SOL, multiple liquid staking tokens (Marinade mSOL, Lido stSOL, Jito Staked SOL, Jupiter Staked SOL, and others), stablecoins (USDC, USDT, USDS, PYUSD), bridged BTC and ETH variants, DEX tokens, and a broad set of Solana memecoins. As of the most recent disclosed metrics, total assets supplied stand at $194 million and total assets borrowed at $129 million.
The product surface consists of a web Dashboard for position management, a Pools interface for market-level rates, a cross-chain Bridge (bridge.solend.fi), and a cToken system that represents depositors' share of lending pools. Solend operates as a fully self-serve, product-led protocol — there is no sales onboarding, no pricing tiers, and no disclosed customer support channel beyond community Discord and developer documentation. Distribution is global, gated only by crypto-wallet access.
Solend generates revenue through the interest spread on lending and borrowing activity across its pools (transaction-fee model), with no explicit fees or pricing structure published. The protocol is backed by Coinbase Ventures, Solana Ventures, Polychain, Dragonfly, Race Capital, and PetRock Capital, having raised $6.5M in a 2021 seed round followed by a $26M round later that year. The team is small (1–10 employees) and the legal domicile is not publicly identified.
Solend firmographics
Firmographics- Name
- Solend
- Website
- https://solend.fi
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Solend is a decentralized lending and borrowing protocol on Solana that lets users supply or borrow 136 assets across 29 pools. Operating as a self-serve DeFi platform (now rebranded to Save), it serves crypto holders seeking yield and DeFi traders needing collateralized leverage.
- Ownership category
- akta.pro rank
Solend industry classification
Industry- Product category
- Decentralized Finance (DeFi) Lending Protocol
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Miscellaneous Business Credit Institution (6159), Finance Services (6199)
- akta.pro primary industry
- Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB)
- akta.pro secondary industry
- Crypto Borrowing & Margin Credit Facilities (FSADAFAC)
Keywords
Where Solend is headquartered
LocationHeadquarters
- HQ city
- Port Charlotte
- HQ country
- United States
- HQ region
- North America
Markets served
Solend business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Interest spread / Protocol fees: DeFi lending protocol generating revenue through interest rate spreads on deposited and borrowed assets across its lending pools
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Solend product offering
Product offeringCore offering
Solend is a decentralized lending and borrowing protocol on the Solana blockchain that functions as an autonomous interest rate machine. Users can supply crypto assets across 29 lending pools to earn algorithmic interest or borrow against collateral holdings across 136 supported assets. The platform operates as a self-custodial, smart contract-based protocol accessible via a web dashboard.
Product overview
Solend is a decentralized lending and borrowing protocol on Solana, functioning as an autonomous interest rate machine. The platform operates as a single unified product offering lending and borrowing services across 29 liquidity pools supporting 136 assets. The product portfolio includes the core Solend protocol (now rebranded to Save), accessible through the web Dashboard and Pools interfaces, the Bridge module for cross-chain asset transfers, cTokens for tracking collateral positions, and Documentation for developer access. As of the source data, total assets supplied stand at $194 million with $129 million borrowed.
Differentiator
Problem solved
Functional benefit
Products and services
- Solend Core Protocol A decentralized lending and borrowing protocol on the Solana blockchain functioning as an autonomous interest rate machine, enabling users to earn interest on crypto deposits and borrow against collateral across 136 assets and 29 liquidity pools. Targeted at crypto asset holders and DeFi participants.
- Solend Bridge A cross-chain bridge interface enabling users to transfer assets to and from the Solana ecosystem for use within the Solend lending protocol.
Quantifiable outcome
- $194m total assets supplied
- +1 more outcomes
Companies that use Solend
Customer profileSegments2 records
Ideal customer profiles2 records
Solend technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Solend partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Pyth NetworkcoreOracle price feed provider integrated into Solend for accurate asset pricing
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Solend competitors and assessment
Company assessmentDirect peers
- Kamino Finance: Kamino is the leading Solana-native lending and liquidity protocol with concentrated markets. It is Solend's most direct competitor on the same chain, offering similar collateralized borrowing against Solana and LST assets.
- MarginFi: MarginFi is a Solana-native lending and borrowing protocol competing directly with Solend for the same liquidity and borrowers, with similar collateral support across SPL tokens and LSTs.
- Mango Markets: Mango is a Solana-based DeFi protocol offering lending and perpetual futures. It overlaps with Solend's lending markets and serves similar Solana-native traders seeking leverage and yield.
Emerging players
- Drift Protocol: Drift is a Solana-based perpetuals and lending protocol. It overlaps with Solend on the lending side and competes for the same Solana DeFi trader liquidity pool.
Others
- Marinade Finance: Marinade is Solana's leading liquid staking protocol whose mSOL token is integrated as collateral on Solend. It is a strategic ecosystem partner and adjacent protocol, illustrating the composable relationship between Solana DeFi primitives.
- Lido Finance: Lido is the largest cross-chain liquid staking protocol whose stSOL and wstETH are supported as collateral on Solend. It represents an adjacent enabling primitive that feeds collateral into Solend's markets.
Regional players
- Jupiter: Jupiter is Solana's dominant DEX aggregator and has expanded into perpetuals and lending. While primarily a swap venue, it increasingly competes with Solend for Solana DeFi flow and protocol integrations.
Broad incumbents
- Compound: Compound pioneered algorithmic money markets with cTokens — the conceptual predecessor to Solend's cToken model. Same product category (over-collateralized lending pools with algorithmic interest rates) but Compound focuses on Ethereum mainnet rather than Solana.
- MakerDAO: MakerDAO operates the DAI lending and CDP system — the original decentralized lending primitive. It is comparable to Solend in core function (collateralized borrowing) but operates as a broader cross-chain incumbent with different governance.
- Aave: Aave is the largest decentralized lending protocol across EVM chains. It is the canonical peer for Solend given identical core use case (collateralized lending/borrowing) and a similar cToken-equivalent (aToken) architecture, but Aave operates broadly across chains rather than specializing in Solana.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Solend social profiles
Digital presenceSolend financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solend leadership team
Management profileNumber of profiles
Solend funding detail
Funding detailFunding overview
Funding rounds2 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solend M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Solend
What does Solend do?
Solend is a decentralized lending and borrowing protocol on the Solana blockchain that functions as an autonomous interest rate machine. Users can supply crypto assets across 29 lending pools to earn algorithmic interest or borrow against collateral holdings across 136 supported assets. The platform operates as a self-custodial, smart contract-based protocol accessible via a web dashboard.
Is Solend a public or private company?
Solend is a private company. It is classified as venture growth investor backed and is currently operating.
When was Solend founded?
Solend was founded in 2021. It employs 1 to 10 people.
Where is Solend based?
Solend is headquartered in Port Charlotte, United States, in the North America region.
How does Solend make money?
One revenue line is on record: interest spread / Protocol fees.
Who are Solend's main competitors?
Direct peers on record are Kamino Finance, MarginFi and Mango Markets. Drift Protocol is listed as an emerging player. Others are Marinade Finance and Lido Finance. Jupiter is listed as a regional player. Broad incumbents are Compound, MakerDAO and Aave.
Does Solend have an API?
No public API is recorded for Solend.
What industry is Solend in?
Solend's product category is Decentralized Finance (DeFi) Lending Protocol. Its primary akta.pro industry code is FSADAFAB, Decentralized Lending Protocols (DeFi Money Markets), with a secondary code of FSADAFAC, Crypto Borrowing & Margin Credit Facilities. Its NAICS code is 525 and its SIC code is 6159.