Solend, the lending protocol of Solana, announced that it will airdrop to users who withdraw and deposit into Solend from MarginFi. The airdrop amount will be proportional to the USD value of the migrated funds. The funds must be deposited for a period of time to be eligible. More details will be shared soon.

Suilend, a new project launched on the Sui chain by the Solana ecosystem lending protocol Solend, announced that it will go live in the first quarter of 2024 and offer "rewards" to Solend users. Solend, the Solana ecosystem lending protocol, announced on the X platform that it is expanding its business to Sui by launching the new project Suilend.

Solend, the top lending and borrowing protocol on Solana, is set to launch on the Sui blockchain, marking its first deployment on a blockchain other than Solana. This move is expected to introduce Solend's DeFi offerings to a new community of users and bring more builders to the Sui ecosystem. The Sui network's potential as a long-term partner and the strength of Sui's technology have given Solend's team confidence in this expansion. Sui's security features, easy onboarding for new users, and top-tier performance make it an attractive platform for DeFi application builders.