SuiLend Crypto Airdrop: Understanding and How to Participate

Bittime -  SuiLend is a lending protocol built on the Sui blockchain, developed by the team that also created Solend. Launched in March 2024, SuiLend has become one of the top leaders in the Sui ecosystem, with a total value locked (TVL) of over $200 million. The platform offers high-yield lending and funding opportunities as well as competitive lending rates, backed by solid security measures.

Launch of $SEND Token and Points System

SuiLend announced the launch of their native token, $SEND, scheduled for December 2024. As part of the rewards for early and active users, the platform is introducing a points-based system. Every day, SuiLend distributes 20 million points, divided equally between deposit and lending activities. Additionally, there is the potential for additional rewards in the form of exclusive NFTs, “SuiLend Capsules”, for very active users.

How to Participate in SuiLend Airdrop

To take part in this airdrop, first, visit the official SuiLend website and click “Launch App” to access the platform. After that, connect a compatible Sui wallet, such as the official Sui wallet. You then need to deposit a supported asset, such as SUI, USDC, USDT, ETH, SOL, or DEEP. 

If you don't have this token yet, you can buy it on an exchange like Binance. After depositing, you can start participating in various activities on the platform, such as borrowing or withdrawing assets. Every transaction made will increase the points collected. Make sure to monitor the points you collect regularly.

Strategies to Make the Most of Airdrops

To maximize airdrop opportunities, you need to participate actively and variedly. Try to make deposits and loans with a variety of supported assets, and ensure there is a balance between the two activities. Consistency is very important to collect more points. 

You You can also follow the strategies suggested by SuiLend, such as depositing stablecoins that yield more than 12% and borrowing low-interest assets, such as ETH and SOL, which are often below 1%.

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Conclusion

The SuiLend airdrop provides an opportunity for users to participate in the fast-growing DeFi protocol on the Sui blockchain. By following the steps above and actively participating, you can maximize your chances of getting $SEND tokens. Don't forget to always follow official announcements and do research before getting involved in DeFi activities.

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