Solend rebrands to Save, Solana’s permissionless savings account, introduces new products: SUSD, saveSOL

Solend, one of Solana’s longest-running DeFi lending protocols, has rebranded to Save, positioning itself as “Solana’s permissionless savings account” and migrating its primary interface to the save.finance domain. The team frames the move as an evolution from a single-purpose lending platform into a broader savings and yield suite, building on three years of operation during which Solend at one point surpassed $1 billion in total value locked and attracted backing from investors including Dragonfly, Polychain, Coinbase Ventures, and Solana Ventures. Existing Solend functionality for lending and borrowing on Solana continues under the new Save brand, with the original Solend front end now directing users to the updated platform. Alongside the rebrand, Save is introducing a set of new products: SUSD (Save USD), a native decentralized stablecoin; saveSOL, a liquid staking token for SOL; and dumpy.fun, a platform for shorting Solana memecoins. SUSD allows users to borrow against SOL collateral at 0% interest, aiming to provide capital-efficient leverage and liquidity within the Solana ecosystem. saveSOL lets users earn SOL staking rewards while keeping a liquid, tradable token and is designed to support leveraged staking strategies and boosted yields. dumpy.fun extends Save’s offering into trading tools, enabling on-chain short positions on meme tokens with leveraged exposure and on-chain liquidations, a functionality that has historically been limited to larger-cap assets. The team has also hinted at incentive programs tied to these products and at future changes around the existing SLND token, which is set to convert 1:1 into a new SAVE token as the rebrand is fully completed.

✨ AI-generated background, compiled from web sources — not editorial content.

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