SuilendMicro-cap

Suilend receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — dominant lending position on Sui, but the chain's thin liquidity means a sharp crash could overwhelm liquidation infrastructure The largest lending protocol on Sui, where you deposit crypto to earn interest or borrow against it. It holds $630M with $6M in funding and also built SpringSui, a liquid staking system for SUI tokens. Its B- grade reflects rapid growth on a young blockchain where DeFi infrastructure is still maturing.

The key risks identified for Suilend are: (1) If SUI drops 40%+ in a day, mass liquidations could overwhelm the thin on-chain liquidity. Liquidation bots stop bidding when it is unprofitable, bad debt piles up, and depositors cannot withdraw (2) The sSUI liquid staking token is widely used as collateral. A bug in SpringSui could cause sSUI to lose its peg, triggering cascading liquidations that deepen the depeg in a vicious circle (3) Suilend depends entirely on the Sui blockchain. The chain is young, the DeFi ecosystem is thin, and oracle coverage for newer Sui tokens is limited. Prices could be stale or manipulated

Suilend scores 34/100 across eight risk dimensions: Mechanism Novelty: 5/15, Interaction Severity: 8/20, Oracle Surface: 3/10, Documentation Gaps: 2/10, Track Record: 2/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.

Among 90 rated Lending protocols on Hindenrank, Suilend ranks #41 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it in the middle tier of Lending protocols.

Suilend scores 2/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.