Introduction
Dumpy.fun is a new platform created to enable users to short memecoins within the Solana ecosystem. It is part of the strategic rebranding of Solend to Save, a move aimed at expanding the range of financial services offered by the protocol.
Background
Originally known as Solend, the platform has been a prominent player in the decentralized finance (DeFi) space on Solana. Solend initially focused on lending and borrowing of cryptocurrency assets. In mid-2024, Solend rebranded to Save, marking a significant expansion in its service offerings, including the introduction of Dumpy.fun.
Features
- Shorting Memecoins: Dumpy.fun specializes in shorting memecoins, allowing users to take leveraged positions against these often volatile assets. This creates opportunities for traders to profit from price declines.
