SolendĪdditionally, if you borrow some tokens such as USDC and SOL, you will receive SLND rewards, and these are claimable 3 rd of each month same as LM rewards. Liquidity mining rewards are another feature of this project, you can get rewards on SLND, UST, stSOL and mSOL, furthermore, these rewards are claimable on 3 rd of every month at UTC midnight. You can supply and borrow plenty of tokens in this area with fantastic APY for both sides. Solend has many features that’s make a difference between this project and others.
This project provides more than 80 assets across 52 pools on the fastest, lowest fee, and most scalable Defi lending protocol. Solend is a lending & borrowing protocol based on Solana blockchain. Potential growth projects on Solana in 2023 Solend Why intelligent protocol deserves to grow in 2023 -24?.Artificial intelligent and intelligent protocol.Potential growth projects on Solana in 2023.If you wondered that why projects want to develop in this situation, I can say that, when weak projects give up from the champ it’s time to prosperity of the main projects.įinancial markets participants can experience reasonable growth after 2 nd quarter of 2023, furthermore, if inflation controls via federal reserve’s contraction policies, blockchain will be grown after Bitcoins having in March of 2024. Some projects, however, in this situation few projects developed their infrastructure and being ready to prosperity in 2023 -24. This chart is the cryptocurrency market cap from 2010 to January of 2023.įinancial experts believe that more than 90 % of Defi projects faced with liquidity in 2022.
Therefore, this article includes some of the best projects of Solana of 2023. At the end, the bankruptcy of Alameda Research Company, parent company of FTX, by sentiments the cryptocurrencies total market cap decreased from more than 3 million dollars to less than 850 billion dollars. In that time plenty of crypto projects were disappeared and their users lost all of their collateral. Defi had a critical situation in 2022 because of many reasons such as uncontrollable inflation of superpower of the world, USA, as well as Russia / Ukraine war and etc.
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