Suilend

Basic Information

Information	Details
Project Name	Suilend
Project Website	https://suilend.fi
Project Description	Suilend is a decentralized lending protocol built on the Sui blockchain, aiming to provide efficient and scalable lending solutions for users.
Project Ticker	$SEND

Airdrop Details

Information	Details
Airdrop Type	Maturing Airdrop (mdrop)
Total Airdrop Amount	40% of the $SEND supply (40M SEND)
Number of Eligible Users
Number of Claimants

Timeline

Event	Date
Blockchain Snapshot	December 10, 2024 (for Season 1, including NFT and memecoin communities)
Claiming Started	December 12, 2024 (for Season 1)
Claiming Ends	Not Known

Token Distribution

Distribution	Amount
Maximum	Not Known
Median/Average	Not Known
Minimum	Not Known

Eligibility Criteria

General Eligibility

Active Participation on Suilend
- Before launch, users earned points by depositing or borrowing assets (SUI, USDC, USDT, ETH, SOL, DEEP).
- 20 million points were distributed daily (10M for deposits, 10M for borrowing).
- After August 17, 2024, points were awarded only for borrowing (10M points daily).
- The more points accumulated, the higher the potential $SEND token allocation.
Post-Launch Airdrop Eligibility (Season 1 & Beyond)
- Season 1: Airdrop followed the December 10, 2024 snapshot.
- Season 2 (ongoing as of March 24, 2025): Likely still based on lending/borrowing engagement, but exact criteria should be checked via official Suilend channels.
Wallet Requirements
- A Sui-compatible wallet is required (e.g., Sui Wallet, Nightly Wallet).
- In Season 1, mobile wallets were emphasized for eligibility.
Supported Assets
- Engagement with multiple assets (SUI, USDC, USDT, ETH, SOL, etc.) was beneficial.
- Balancing deposits and borrowing maximized rewards.

Steps to Qualify (Pre-Launch & Season 1)

Visit SuiLend: Access suilend.fi and click “Launch App.”
Connect a Wallet: Link a compatible Sui-based wallet.
Engage in Activities: Deposit or borrow assets to earn points.
Monitor Points: Check accumulated points on the platform.
NFT Rewards: Highly active users earned “SuiLend Capsules” NFTs as additional rewards.

Additional Season 1 Allocations

Tokens were airdropped to:
- Users who earned points before the snapshot (December 10, 2024).
- Holders of select NFTs (e.g., Rootlets, Kuno).
- Certain memecoin communities (e.g., $FUD holders).
- More details available in official Suilend documentation.

Important Links

Additional Information

SEND Tokenomics

$SEND has a total supply of 100 million tokens, distributed as follows:

Allocation	Percentage
Community	65%
Investors	20%
Team	15%

The tokenomics are designed to prioritize community participation.

What are Mdrops?

Mdrops are a new token distribution model for SEND, ensuring a high initial float while controlling sell pressure:

When users redeem their $SEND allocation, they receive mSEND.
mSEND must be claimed over time to convert into actual SEND tokens.
Claiming SEND early incurs a penalty paid in SUI, reducing volatility and increasing demand for SUI.

Penalty & Maturity Periods

Allocation Type	Maturity Period
Points & Ecosystem	3 months
Team & Investors	6 months
SAVE Holders (Solana)	12 months

After maturity (e.g., 3 months for Points & Ecosystem holders), users can claim their full SEND tokens without any penalty.

Airdrop Breakdown (40M SEND distributed via Mdrops)

Category	Percentage of Total Supply
Points Holders & Early Users	20%
Ecosystem Communities	5%
SAVE Holders (Solana)	15%

Unlock Schedule

Category	Unlock Period
Mdrops	Day 1
Investors	2 years
Team	4 years

This unlock schedule is designed to promote long-term commitment while avoiding rapid inflation.

Final Notes

Season 2 eligibility details remain unclear, but continued engagement (e.g., lending/borrowing) is likely required.
The mdrop model ensures gradual claimability, discouraging early dumping and supporting ecosystem stability.
Users should follow official Suilend channels for updates on Season 2.