MarginFi vs Save (Solend): Quick Compare (2026)
MarginFi is a lending platform rated 8.2/10 with $72M TVL, best for Cross-margin lending + MRGN points. Save (Solend) is a lending platform rated 8.4/10 with $81M TVL, best for Stablecoin lending and isolated pools.
Need a deeper breakdown? Use editorial comparison pages and full platform reviews before you decide.
Head-to-Head Comparison
| Feature | MarginFi | Save (Solend) |
|---|---|---|
| Rating | 8.2/10 | 8.4/10 |
| TVL | $72M | $81M |
| APY | Variable | 3-7% on USDC |
| Best for | Cross-margin lending + MRGN points | Stablecoin lending and isolated pools |
| Not best for | Not ideal for users who dislike uncertainty around points/airdrop tokenomics — MarginFi's points system has been running since 2023 with no token launch yet. Users wanting clear, predictable yields should use Kamino or Jupiter Lend. | Not ideal for users who prioritize protocol stability history — Save (formerly Solend) experienced a controversial governance incident in 2022 where a single whale's position threatened the protocol. While resolved and rebranded, risk-averse users may prefer Kamino. |
| Founded | 2022 | 2021 |
Fees Comparison
MarginFi Fees
| Fee | Value |
|---|---|
| Lending spread | ~0.5-1.5% |
| No deposit/withdrawal fee | 0% |
| Liquidation penalty | 5% |
| Flash loan fee | 0.05% |
Save (Solend) Fees
| Fee | Value |
|---|---|
| Lending spread | ~0.5-1% |
| No deposit/withdrawal fee | 0% |
| Liquidation penalty | 5% |
Pros & Cons
MarginFi
Pros
- 75% LTV — highest of major Solana lenders
- MRGN token rewards
Cons
- UI can be confusing for first-time users
Save (Solend)
Pros
- OG Solana lending — live since 2021
- Isolated pools reduce systemic risk
Cons
- Lower TVL than Kamino/Jupiter Lend after rebrand
When to Choose MarginFi
Best for: Cross-margin lending + MRGN points
Honest limitation: MarginFi's $102M TVL is the smallest among P1 Solana lending platforms, which reflects both its newer position and past controversies around team transparency. The points-to-token conversion timeline remains unclear.
When to Choose Save (Solend)
Best for: Stablecoin lending and isolated pools
Honest limitation: Save's $124M TVL is significantly smaller than Kamino ($2.19B) or Jupiter Lend ($1.02B), which means lower liquidity on some lending markets and potentially wider rate spreads.