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The first quarter point activity of Solend, a lending protocol, has ended and rewards will be distributed in the next few days.

The first quarter point activity of Solend, a lending protocol, has ended and rewards will be distributed in the next few days.

CointimeCointime2023/12/03 06:18
By:Cointime

Solana lending protocol Solend announced that the first season of its reward program has ended and rewards will be distributed in the coming days.Previously reported, Solend introduced margin trading and an improved reward program, expanding its business beyond lending. The first season's rewards started at 100,000 SLND tokens and will continue to increase with completed transactions with reward partners. Methods for earning rewards include: depositing and borrowing in the main pool, margin trading, contributing to the community, and a soon-to-be-released method where 10 million tokens will be distributed daily based on supply and borrowing ratios.

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