1) Borrowing and lending protocols have always been popular due to the incentives they bring to the market.
@MendiFinance is one of the first lending/borrowing protocols launching on @LineaBuild that's growing in popularity lately.
What is Mendi all about? 🧵 👇
@MendiFinance is one of the first lending/borrowing protocols launching on @LineaBuild that's growing in popularity lately.
What is Mendi all about? 🧵 👇
2) Mendi Finance is an EVM compatible lending/borrowing protocol that launched on #Linea.
Mendi aims to be the number 1 lending platform by providing the highest incentives possible through their unique bribe-reward tokenomics.
100% of all profits will go to $MENDI stakers.
Mendi aims to be the number 1 lending platform by providing the highest incentives possible through their unique bribe-reward tokenomics.
100% of all profits will go to $MENDI stakers.
3) Mendi Finance provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial.
Users will be able to lend any supported assets on their platform, and use their capital to borrow supported assets.
Users will be able to lend any supported assets on their platform, and use their capital to borrow supported assets.
4) At launch, Mendi Finance will offer the following high-liquidity money markets with dynamically adjusted incentives:
$ETH
$BTC
$USDC
$USDT
$DAI
More assets will be continually added once Mendi is live and running.
$ETH
$BTC
$USDC
$USDT
$DAI
More assets will be continually added once Mendi is live and running.
5) Mendi Finance is a friendly fork of Sonne & Mare Finance that operates independently.
Both projects have achieved a TVL close to 50 million dollars before.
Both projects have achieved a TVL close to 50 million dollars before.
6) Mendi also offers #RealYield through sharing revenue up to 100% for stakers.
• First 3 months: 80% of protocol revenue and $VC rewards.
• After: 100% profit goes to stakers.
• First 3 months: 80% of protocol revenue and $VC rewards.
• After: 100% profit goes to stakers.
7) $MENDI is also rewarded to users who lend/borrow tokens in the protocol + used for the bribing mechanism on #velocore:
• 10% for lender
• 70% for borrowers
• 20% for bribes
Emissions will gradually decreases over 3 years to maintain protocol health.
• 10% for lender
• 70% for borrowers
• 20% for bribes
Emissions will gradually decreases over 3 years to maintain protocol health.
8) 60% of the rewards and bribes will be allocated to protocol participants as well.
The remaining token distribution can be found in the image down below ↓
The remaining token distribution can be found in the image down below ↓
9) Mendi will launch with a Liquidity Generation Event where investors can deposit USDC to the contract which will be paired up with 3.2% of total $MENDI, then locked for 180 days to guarantee early liquidity.
This means you get more tokens then you paid for initially.
This means you get more tokens then you paid for initially.
10) Early adopters are rewarded 24% more tokens than the amount you purchase.
An example:
You participate in LGE with $100 in USDC.
You will receive $124 worth of $MENDI tokens at launch.
An example:
You participate in LGE with $100 in USDC.
You will receive $124 worth of $MENDI tokens at launch.
11) The official @LineaBuild website has posted a teaser on Mendi Finance.
The founder of Mendi can also be found speaking at Web3 Berlin soon.
The project is early stage but looks very credible.
There's also a testnet version for you to try:
staging.mendi.finance
The founder of Mendi can also be found speaking at Web3 Berlin soon.
The project is early stage but looks very credible.
There's also a testnet version for you to try:
staging.mendi.finance
12) What are your thoughts?
Will you be participating in the liquidity generation event or will you be borrowing/lending assets?
Or both?
Let me know 👇
There's also a discord if you like to keep up to date on everything Mendi.
discord.gg
Will you be participating in the liquidity generation event or will you be borrowing/lending assets?
Or both?
Let me know 👇
There's also a discord if you like to keep up to date on everything Mendi.
discord.gg
13) Disclaimer:
This is a sponsored post.
I only raise awareness however to projects that receive my credibility approval.
This happens through a background check to the best of my abilities.
This is a sponsored post.
I only raise awareness however to projects that receive my credibility approval.
This happens through a background check to the best of my abilities.
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