Save

Save is a decentralized lending protocol built on Solana, formerly known as Solend. It lets users deposit assets like SOL, USDC, and mSOL to earn interest, or borrow against their collateral with over-collateralization. Its core strength lies in a multi-pool design: a main pool for established assets and isolated pools for riskier tokens, which limits contagion. Dynamic interest rates adjust based on pool utilization, and risk management uses real-time oracles and liquidation thresholds. The protocol solves the problem of fragmented, inefficient lending on Solana by offering a unified, composable liquidity layer, enabling leveraged yield strategies and flash loans. In the past six months (2026-03 to 2026-09), Save has focused on deepening integrations with Solana DeFi, expanding its native stablecoin SUSD and liquid staking token saveSOL, and improving the UI for easier access. A notable past issue: in 2022, a large whale position nearly triggered a bad debt crisis, leading to a controversial governance vote to liquidate it, which raised concerns about decentralization. Since then, the protocol has tightened risk parameters and introduced more granular liquidation mechanisms. No reliable information on specific developments in the last half-year beyond routine maintenance and ecosystem growth.