Suilend to wind down STEAMM, with product homepage set to go offline on Oct. 5

Suilend said it will gradually discontinue STEAMM, its token issuance product, as it shifts focus back to Suilend’s lending business and other products that have yet to launch. The company said the STEAMM product homepage will be taken offline on Oct. 5. Existing positions will remain accessible through Suilend, and users will still be able to withdraw at any time. The update follows an earlier ownership change. Foresight News previously reported that DeFi development team Bluewater completed its acquisition of Suilend in June this year. The deal also included STEAMM and SpringSui, two products in the broader Suilend ecosystem. The latest announcement does not mention changes to user access beyond the homepage shutdown date, but it does make clear that current positions will remain available through Suilend after the STEAMM page is disabled.