Solend to Introduce New Protocol Fees, Interest Rate Spread and Liquidation Insurance Fees

Solana-based lending protocol Solend announced that it will introduce two types of fees, interest rate spread and liquidation insurance fees, on August 16th. These fees will be collected as protocol revenue and go to the DAO treasury. $SLND holders will be able to decide how to use these funds in the future. Interest rate spread is a percentage of the borrow interest rate that Solend receives as protocol revenue, ranging between 10% and 20% depending on the asset. Liquidation insurance fee is a percentage of the liquidation penalty that Solend receives, which will be set to 30% of the liquidation penalty.