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2021-01-01

Solend protocol launches on Solana as an algorithmic lending and borrowing platform.

2022-06-19

Solend passes governance proposal SLND1, granting the team 'emergency powers' to take over a whale user's wallet holding 5.7 million SOL and $108 million in stablecoin borrows. Proposal passes 97.5% in favor with only 1.13% quorum participation, within a seven-hour window.

2022-06-20

Community backlash prompts a second governance vote, SLND2, which passes with 99.8% approval and invalidates SLND1, revoking emergency powers. Minimum voting period extended to one day.

2022-06-21

The whale borrower begins moving funds, transferring $25 million in USDC debt to Mango Markets, reducing systemic risk on Solend.

2022-06-28

Binance intervenes to facilitate an OTC liquidation of the remaining whale position, resolving the liquidation crisis without triggering a chaotic on-chain sell-off.

2022-10-28

First attempted USDH oracle manipulation attack on Solend; arbitrage activity reverses the price manipulation in the same block, preventing a successful exploit.

2022-11-02

Solend suffers a $1.26 million oracle manipulation exploit targeting the USDH stablecoin price feed. The Stable, Coin98, and Kamino isolated pools are drained. Affected pools are disabled.

2023-08-16

Solend announces that all users affected by the November 2022 oracle exploit have been fully compensated. Approximately $900,000 was recovered from the attacker; the protocol covered the remainder.

2024-03-01

The Solend team (pseudonymous founder Rooter) launches Suilend on the Sui blockchain, which becomes Sui's leading DeFi lending protocol.

2024-08-01

Solend (now operating as Save Finance) reaches over $400 million in TVL, marking its peak under the rebranded identity.

2024-12-12

Save Finance completes the token migration from SLND to SAVE at a 1:1 ratio, formalizing the rebrand.