According to Foresight News, Suilend announced that it will gradually cease operating the token issuance product STEAMM and focus its energy on Suilend’s lending products and upcoming products. The STEAMM product homepage will be decommissioned on October 5. Existing positions will still be accessible through Suilend and users can withdraw at any time.
Foresight News previously reported that DeFi development team Bluewater completed the acquisition of Sui’s ecological lending protocol Suilend in June this year, and simultaneously acquired its ecological products STEAMM and SpringSui.