BlockBeats News, June 26th, Bluewater announced the completion of the acquisition of the Sui ecosystem lending protocol Suilend. The transaction covers Suilend and its ecosystem products STEAMM and SpringSui, marking the beginning of a new development phase for Suilend. After the acquisition, Suilend will continue to operate as an independent platform, retaining its original brand, product roadmap, and infrastructure, while gaining long-term financial and operational support from Bluewater.

Bluewater stated that the two parties have been cooperating for nearly three years and highly recognize Suilend's product quality, execution capability, and security standards. In the future, the two parties will gradually advance the deep integration of trading, lending, collateral, liquidity, and yield products. However, Bluefin and Suilend will continue to maintain independent brands, infrastructure, and legal entities.

Bluewater emphasized that this transition will be carried out gradually and with the participation of multiple auditing firms. Users do not need to take any action, and existing positions, deposits, and protocol functions will continue to operate normally during the transition period.

Furthermore, Bluewater stated that this acquisition does not include the SEND token. SEND will be handled separately by the existing Suilend team and will be distributed to token holders as the project is gradually phased out. Details will be announced in the future.