Today, I want to give you an update on the Sui Network and its DeFi ecosystem, specifically focusing on a new protocol called Suilend:

• Suilend is actually developed by the same team behind Solend on the Solana blockchain, which has since evolved into Save Finance. They've now brought their expertise to the Sui Network with Suilend, and it's looking promising.
• One of the most exciting aspects of Suilend is their points system, which strongly suggests an upcoming airdrop...
• Furthermore, Suilend is offering some amazing APY rates. For example, you can lend USDC at 10% per year, and you can borrow ETH at -14%! This means you're actually earning 17% (in SUI token) while paying only 4% in interest...

Another cool feature is that once you've borrowed ETH, you can lend it on other protocols where you'll be rewarded for lending it out. For instance, I use Scalop, which offers 9% auto-interest on the ETH you've borrowed at -14% from Suilend...

If you want to dive deeper into how to make money on the Sui network, make sure to watch the video below for more info.