Decentralized Finance Lending Protocol in Solana Blockchain

Abstract

The Solana blockchain serves as the foundation for the Finance (DeFi) Lending Protocol. The proposed protocol seeks to address the high fees and sluggish transaction speeds of current Ethereum-based protocols by utilizing Solana's high throughput and low-latency infrastructure. Among our contributions are a real-time interest rate model, improved liquidation logic, and a novel lending pool mechanism. According to experimental results, fees are lowered by more than 90% and transaction speeds are increased by 85% when compared to Ethereum- based systems. According to the results, DeFi protocols based on Solana are ideally suited for extensive financial applications.