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Thanks for the coverage @0xyukiyuki!
yuki loves scanning all chains to find the best underestimated protocols in defi
some are criminally undervalued, even when they reach stupidly high TVLs
Like @suilendprotocol, now over $738M and going towards the Billion 👇
The first thing that hits you hard as a farmer here is the 0% fees on borrowing
They push capital efficiency to another level
also thanks to this, BTCfi has been exploding with more than 100 millies in $BTC TVL being reached by the end of Q2
🍓 𝗧𝗵𝗲 𝗦𝗽𝗿𝗶𝗻𝗴𝗦𝘂𝗶 𝗟𝗦𝗧 𝗖𝗿𝗲𝗮𝘁𝗼𝗿 𝗧𝗼𝗼𝗹 𝗶𝘀 𝗮𝗹𝘀𝗼 𝗽𝗿𝗲𝘁𝘁𝘆 𝗰𝗼𝗼𝗹
It lets you create your own liquid staking token in a matter of minutes, and people have used to create more than 200 LSTs worth $10M+ in TVL already
And that's in only 2 and a half months since launch
Suilend's also big with the biggies (institutional players) 👇
A publicly listed Japanese gaming firm (Gumi) launched $oshiSUI, their LST which has already reached around $3M in TVL
They also have a DEX aggregator which recently crossed $600M in volumes
and yuki could keep going on with numbers all day but
TL;DR - Suilend is big
That's why yuki's so surprised most people ignore it on CT 🤔
𝘐'𝘭𝘭 𝘩𝘢𝘷𝘦 𝘵𝘰 𝘥𝘰 𝘢 𝘷𝘦𝘦𝘦𝘦𝘦𝘳𝘺 𝘥𝘦𝘦𝘱 𝘥𝘪𝘷𝘦 𝘩𝘦𝘳𝘦 ^^
So many interesting assets you could lend and borrow, and loop to your farmer heart's content
Price looking really bullish too here 👀



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