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    Tracking Solend cTokens

    Q102, cTokens on Solend are a yield-bearing deposit receipt. This means you can convert USDC into cUSDC to get a tradeable token that also earns interest on Solend. You can hold this token in your wallet to continue earning interest, or you can send it to someone else, and they'll earn interest. What do users do with their cTokens? In which DeFi platforms are cTokens deposited in after minting on Solend? What are the most popular use cases for cTokens and where have they grown in usage over time? Does cToken behavior seem to be influenced by the size of the receipt?

    What is Solend ?

    Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana.

    Lending and borrowing has proven itself as key in a DeFi ecosystem. However, current products are slow and expensive. On Solana, Solend can scale to being 100x faster and 100x cheaper. Solend aims to be the easiest to use and most secure solution on Solana. With Solend, users can Earn interest, Borrow, Leverage Long and Short.

    What is cToken ?

    cTokens are a yield-bearing deposit receipt. It means you can convert USDC into cUSDC to get a tradeable token that also earns interest on Solend. You can hold this token in your wallet to continue earning interest, or you can send it to someone else, and they’ll earn interest.

    cTokens open up a world of possibilities for developer integrations. Because cTokens are just regular SPL tokens, they’re easily composable and compatible with just about everything!