SOL Earn
SOL Earn is Sendit's suite of automated yield-generating products designed for users looking to earn yield on their SOL holdings. It offers a seamless way to deploy SOL into multiple lending markets while optimizing for yield, security, and risk-adjusted exposure.
Product Overview
SOL Earn consists of three actively managed vaults operated by Sendit. Each vault automatically allocates and rebalances deposited SOL across a diversified set of lending pools within the Sendit ecosystem. The system dynamically optimizes for the highest available yield (best effort, no guarantees), while abstracting complexity from the user experience.
Vault Types & Risk Profiles
Each SOL Earn vault is differentiated by its risk profile, defined by the selection of lending markets and the underlying collateral assets used in each market.
Blue Chip Vault: Composed exclusively of large-cap tokens (primarily memecoins) with a minimum market capitalization of $500 million. It represents the lowest risk profile and offers the most conservative yield.
Mid Cap Vault: Includes all assets from the Blue Chip Vault, along with additional mid-cap tokens (min. $100 million market cap). It offers a moderate risk-return balance.
Small Cap Vault: Incorporates all assets from both the Blue Chip and Mid Cap Vaults, plus selected small-cap tokens (min. $10 million market cap). This vault has the highest yield potential and risk exposure.
Each asset included in a vault undergoes a thorough due diligence process to evaluate its suitability, liquidity, and safety profile. Only verified markets are used to ensure robust standards of security and composability.
Yield Sources
Yield in SOL Earn Vaults is generated through multiple mechanisms native to Sendit:
Lending APR: Earned by lending SOL into Sendit's liquidity markets.
Loan Origination Interest: A one-time 1% interest payment at loan origination paid by the borrower that is distributed to SOL LPs over 24hr.
Token Incentives: Additional incentives distributed to protocol participants, claimed and automatically converted to SOL, then re-supplied into the vault to enable compounding.
Auto-Compounding
To maximize returns, SOL Earn automatically claims all applicable reward incentives, swaps them for SOL at market rate, and re-deposits them into the vault. This enables automated compounding of yield in SOL without requiring manual intervention.
Risk Considerations
While the SOL Earn program is designed with risk-managed strategies in mind, users should remain aware of potential risks:
Asset Volatility: Although the vaults focus on verified markets, collateral asset prices can still be volatile.
Yield Variability: Lending rates and rewards may fluctuate and are not guaranteed.
Smart Contract Risk: As with any DeFi product, there is inherent technical risk.
Summary
SOL Earn provides a fully automated, diversified approach to generating yield on SOL deposits. With three distinct vaults tailored to different risk appetites, users can select the strategy that best aligns with their preferences—all while benefiting from Sendit’s protocol infrastructure and incentive design.
Vault Risk Framework
FDV
≥$500,000,000
≥$100,000,000
≥$10,000,000
Token Age
≥5 months
≥ 1 month
≥ 1 week
On-Chain Liquidity / MCAP
≥0.4%
≥2%
≥2%
CEX Spot Listings
≥2x A Tier*
≥1x B Tier**
-
CEX Perp Listings
≥2x A Tier
≥1x B Tier
-
Top 10 Holders Ownership
≤90%
≤80%
≤60%
Locked Liquidity
Yes
Yes
Yes
Oracle Selection
Pyth
Pyth
-
On-Chain Spot Vol. / MCAP
≥0.25%
≥1%
≥5%
Criteria Match (excl. FDV)
6/8
6/8
4/5
*Tier A exchanges include Coinbase, Kraken, Binance & Bybit ** Tier B exchanges include KuCoin, OKEx & Upbit
The table above outlines the criteria considered for asset inclusion in a vault. While meeting these criteria is a prerequisite for passing the risk assessment, it does not guarantee inclusion. Sendit retains full discretion to determine whether an asset will be added to a vault, regardless of whether the criteria match has been met.
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