Bluewater announces the acquisition of Suilend; SEND tokens are not included in the transaction.

Bluewater announced it has completed the acquisition of Sui ecosystem lending protocol Suilend. The deal covers Suilend and its ecosystem products STEAMM and SpringSui, marking the start of a new development phase for Suilend. Following the acquisition, Suilend will continue to operate as an independent platform, retaining its original brand, product roadmap, and infrastructure, while receiving long-term capital and operational support from Bluewater. Bluewater stated that the two parties have collaborated for nearly three years, and it highly recognizes Suilend’s product quality, execution capability, and security standards. Going forward, the two sides will gradually advance deep integration of trading, lending, collateralization, liquidity, and yield products, though Bluefin and Suilend will remain separate brands, infrastructures, and legal entities. Bluewater emphasized that this transition will be carried out in a phased manner, with multiple audit firms involved. Users do not need to take any action, and existing positions, deposits, and protocol functions will remain operational during the transition period. In addition, Bluewater noted that the SEND token is not included in this acquisition. SEND will be handled separately by the existing Suilend team, and will be distributed to token holders as the project is gradually wound down, with relevant details to be announced later.