Solana-based lending platform Solend rebrands to Save.finance.
The rebranding will be coupled with the expansion of products on the platform.
A new stablecoin, liquid staking service and trading platform have launched.
In new developments in the Solana ecosystem, Solend, a protocol and platform for lending and borrowing crypto assets, has announced its rebranding to Save Finance. The name change will see the platform introduce three new products for users including a stablecoin, a liquid staking token (LST) and an app for shorting memecoins.
The rebrand to Save Finance follows three years of development on Solend, at a time when the Solana ecosystem is recovering since the FTX debacle, aiming to offer users a better, more efficient and broader decentralized finance (DeFi) ecosystem. Save (formerly Solend) ranks as the 13th largest lending platform in TVL, according to DeFi Llama, following a steady 38% increase in the past month, having peaked at $928 million in Nove
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