# Save > Solana's permissionless savings account. Save, formerly Solend, is a decentralized lending protocol on Solana. It lets users lend, borrow, and create permissionless custom pools, alongside a native stablecoin and liquid staking token. Save, formerly known as Solend, is a decentralized lending protocol built on Solana, classified as a DeFi money market. It allows users to deposit assets to earn yield and borrow against posted collateral through an algorithmic, utilization-based interest rate model. The protocol serves both retail depositors seeking yield and borrowers seeking leverage or liquidity against their holdings. The protocol uses an isolated pool structure, separating a curated main pool of established assets from permissionless pools that anyone can create for long-tail collateral. This design lets riskier or newly listed assets trade and borrow without exposing depositors in the core market to contagion from a single bad listing or oracle failure. Liquidations are permissionless, allowing any external party to close undercollateralized positions and keep the system solvent. Save issues a SOL-backed stablecoin and a liquid staking token, saveSOL, which can also serve as collateral within the protocol. The rebrand from Solend to Save included a one-to-one conversion of the SLND token into SAVE, the protocol's governance token. Save also operates on other blockchain networks in addition to Solana, and its pools are used by depositors, borrowers, and third-party liquidators across the ecosystem. - Type: Protocol - Sector: DeFi - Status: Active - Founded: 2021-11-01 - Profile: https://thegrid.id/profiles/Save ## Products - [Save Protocol](https://thegrid.id/profiles/Save): Save Protocol is a decentralized lending and borrowing platform on Solana that lets users supply and borrow a wide range of digital assets through smart contracts. It organizes liquidity into a flagship main pool, isolated pools for higher-risk assets, and permissionless pools that anyone can create, with interest rates set dynamically by utilization. The protocol also issues a liquid staking token that lets users stake Solana's native asset while retaining a tradable, yield-bearing receipt usable elsewhere in the pools. Automated liquidation engines and real-time risk monitoring manage collateral safety across all pools. (Decentralised Borrowing & Lending, Live, Main Product) - [Suilend](https://thegrid.id/profiles/Save): Suilend is a decentralized lending and borrowing protocol on the Sui blockchain, developed by the Save team, offering multiple markets for supplying and borrowing digital assets with utilization-based interest rates. The same interface includes an integrated token swap function, letting users exchange assets directly within their lending account. Automated liquidation and risk management systems protect collateral across the platform's markets. Users can also access cross-chain bridging directly from the app to move assets onto Sui. (Decentralised Borrowing & Lending, Live) - [SpringSui](https://thegrid.id/profiles/Save): SpringSui is a liquid staking product on the Sui blockchain that lets users stake Sui's native asset and receive a tradable receipt token representing their staked position. The receipt token accrues staking rewards while remaining usable across other Sui applications, including as collateral within Suilend's lending markets. It operates on its own dedicated domain and account system separate from the lending platform. (Liquid Staking, Live) - [STEAMM](https://thegrid.id/profiles/Save): STEAMM is a decentralized exchange on the Sui blockchain that allows users to swap digital assets through onchain liquidity pools. It operates on its own dedicated domain and account system, separate from the Suilend lending platform, though it shares ecosystem ties with it. Liquidity providers deposit assets into pools to earn trading fees generated by swap activity. (Decentralised Exchange, Live) ## Assets - [Solend token (SLND)](https://thegrid.id/profiles/Save): SLND was the governance token of Solend, the Solana lending protocol that rebranded to Save. It was used to vote on protocol changes and community treasury allocation, with a 100 million token supply split roughly 60 percent to community programs and treasury, 25 percent to the core team, and 15 percent to investors. SLND converts 1:1 into SAVE following the December 2024 rebrand, which remains the protocol's active governance token. (Governance) - [Save Finance (SAVE)](https://thegrid.id/profiles/Save): SAVE is the governance token of Save Protocol, a decentralized lending and borrowing platform on Solana. Holders vote on protocol proposals and can earn a share of protocol fees generated across the platform's lending pools. It replaced SLND on a 1:1 basis when Solend rebranded to Save, extending governance beyond lending into the protocol's broader financial products. (Governance) - [Save Staked SOL (saveSOL)](https://thegrid.id/profiles/Save): saveSOL is a liquid staking token representing SOL staked through Save Protocol on Solana. Holders keep liquidity while earning staking rewards, and saveSOL can be used as collateral for borrowing within Save's lending pools. The staking mechanism applies leveraged strategies to boost yield beyond standard staking returns. (Liquid Staking Tokens (LSTs)) ## Links - [Documentation](https://docs.save.finance) - [Whitepaper](https://v2.solend.fi) - [Main](https://save.finance) - [Media Kit/branding](https://docs.save.finance/protocol/media) - [Twitter / X](https://x.com/save_finance) - [Discord](https://discord.com/invite/J7m48UUPkJ) - [GitHub](https://github.com/solendprotocol) - [Medium](https://blog.save.finance) ## Relationships - [Dumpy.fun](https://thegrid.id/profiles/dumpy): Subsidiary ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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