Save key facts
| Category | Lending protocol |
|---|---|
| Chains | Solana |
| Platforms | Web |
| Custody | Non-custodial |
| Fees | 0.1% origination fee on most assets; 20% interest rate spread; 30% of liquidation penalty |
| Security audits | Kudelski, Neodyme, OSEC |
| Open source | Yes |
| Chains | Solana |
| Token | SLND |
SAVE token
- Price
- $0.1627
- Market cap
- $8.1M
- Fully diluted value
- $8.1M
- 30-day change
- -10.6%
Market data: CoinGecko, updated Nov 10, 2026. Educational content, not financial advice.
What is Save?
Save, formerly Solend, is a decentralized lending and borrowing protocol on Solana. Users can earn interest, borrow, and open leveraged long or short positions. The protocol takes a 20% spread on borrow interest and charges a 0.1% origination fee on most assets.
How Save works
Save pools work like a shared savings and loan account on Solana.
You deposit an asset and earn a supply APY, and the deposit then counts as collateral for loans. The borrow APR follows a piecewise function of pool utilization. Your balances are priced with two oracles, Pyth as the main feed and Switchboard as backup, and the liquidation threshold is a weighted average of the parameters of every asset you deposited.
When your health bar reaches the liquidation threshold, third-party liquidators repay 20% of your loans with your collateral and take an extra 5% of that amount as a bounty. In the docs' example, a $7,500 BTC loan that rises to about $8,000 against $10,000 of USDC loses $1,600 of debt and $1,680 of collateral. Newer or riskier tokens are kept in isolated pools to protect the main pool.
How to start with Save
- You need a Solana wallet, and the docs recommend Phantom, plus some SOL for gas, which you can buy on an exchange and send to the wallet.
- Pick an asset such as USDC, ETH, BTC or SOL, deposit it, and approve the transaction; borrowing takes a second approval.
- An account can hold at most 6 positions, counting every supplied or borrowed asset, because of Solana's compute limit, so larger portfolios need several accounts.
Save fees and limits
- Save keeps a 20% interest rate spread on borrow interest as protocol revenue.
- Most assets have a 0.1% origination fee charged once when you borrow, split 80/20 between the protocol and the referring interface.
- The DAO treasury receives 30% of each liquidation penalty.
- On the Solana side, transaction fees are about 0.000005 SOL, and your first interaction pays roughly 0.01 SOL of account rent to make your position accounts rent-exempt.
Risks to know before using Save
- The risks page names audits by Kudelski, Neodyme and OSEC, and the code is open source, forked from spl-token-lending.
- A bug bounty pays up to $1 million for critical vulnerabilities.
- If a pool reaches 100% utilization, withdrawals and borrows fail until borrowers repay or new deposits arrive.
- The docs say past bad debt in the main pool was covered by top-ups from the insurance fund.
- Some documentation is dated: the introduction page was last updated about two years ago and many pages still use the Solend name and solend.fi links, so check parameters in the app before acting.
Save usage
From DefiLlama (TVL) (fees users paid), updated Nov 10, 2026.
Save alternatives
Other projects people compare with Save.
Lending and savings protocol in the Sky ecosystem: SparkLend borrowing and Spark Savings for USDS and USDC.
Non-custodial lending protocol where users supply crypto to earn interest and borrow against collateral.
Lending protocol where each Compound III market lends one base asset, such as USDC, against crypto collateral.
Solana DeFi protocol for lending, borrowing, leveraged yield and automated liquidity vaults.
Onchain asset manager that lends to institutions and offers the syrupUSDC and syrupUSDT yield tokens.
Open lending network of isolated markets and curated vaults that route deposits into them.
Where Save ranks on DappAtlas
Save pros and cons
- Open-source contracts audited by Kudelski, Neodyme and OSEC
- Origination fee is 0.1% on most assets
- Supports permissionless pools that anyone can list
- Protocol keeps 20% of borrow interest as revenue
- First interaction costs about 0.01 SOL in account rent
- Docs still use the Solend name and some pages are about two years old
Save FAQ
What is Save?
Save, formerly Solend, is a decentralized lending and borrowing protocol on Solana. Users can earn interest, borrow, and open leveraged long or short positions. The protocol takes a 20% spread on borrow interest and charges a 0.1% origination fee on most assets.
How much value is locked in Save?
$69.3M according to DefiLlama on Nov 10, 2026. It is deployed on 2 chains: Solana, Eclipse.
How much does Save cost?
0.1% origination fee on most assets; 20% interest rate spread; 30% of liquidation penalty, according to Save’s own page (checked Sep 26, 2026).
How much do users pay Save in fees?
$21,068 over the last 30 days, according to DefiLlama on Nov 10, 2026.
Does Save have a token?
Yes, SAVE. Its market cap was $8.1M on CoinGecko on Nov 10, 2026. Educational content, not financial advice.
Does Save hold my funds?
No. Save is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Save: official site, Save: Fees, Save: Risks. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.