Solend is an interest-rate platform for lending, collateralizing and yield farming on Solana.

Using Solend you can earn interest on your stSOL deposits and use your stSOL to borrow against, or borrow other assets, using a high-speed, low-fee platform.

To get started, visit solend.fi/dashboard and connect your Solana wallet.

Supplying stSOL for rewards

  1. To get started earning additional rewards on your stSOL, visit solend.fi/dashboard and find the stSOL market as pictured below.

  2. Press the market and wait for the pop-up to emerge.

  3. In the 'Supply' section, choose the amount of stSOL to supply and press 'Supply x stSOL'. Approve the transaction using your Solana wallet to confirm.

And just like that you are lending out your stSOL for an added rewards!

To withdraw, simply locate the stSOL market, navigate to the withdrawal section of the pop-up and choose the amount of stSOL to withdraw. Once you approve the transaction in your wallet, your stSOL will return to your connected wallet.

Borrowing stSOL

  1. To get started with borrowing stSOL using Solend, visit solend.fi/dashboard and find the stSOL market.

  2. In the pop-up, switch to the 'Borrow' section.

  3. Input the amount of stSOL you wish to borrow, using the Utilization rate to determine the max amount you can borrow (pictured below).

  4. Press 'Borrow x stSOL' once you have settled on an amount and confirm the transaction using your Solana wallet to finalise the transaction.

To withdraw (or repay your stSOL loan), simply switch to the 'Repay' tab, choose the amount of the stSOL loan you wish to repay and confirm the transaction using the Solend UI as well as your Solana wallet. Simple!

Lido and Solend

Using Solend you can use your staked SOL as collateral or lend it out for added rewards.

To claim rewards:

  1. Click the balance button on the top right corner.

  2. In the pop-up, switch to the “SLND rewards” section and claim SLND.

  3. Switch to the "Partner rewards". Find "Lido Dao Token" and Click "Claim all".

Did this answer your question?