Mendi Finance’s upgrade will create the first unified liquidity lending protocol, redefining the way cross-chain asset lending is done.

Author: Mendi Finance

Compiled by: TechFlow

Mendi Finance's upgrade will create the first unified liquidity lending protocol, redefining the way cross-chain asset lending is done. The decentralized nature of the blockchain ecosystem creates difficulties for user experience, especially when combined with complex cross-chain user interfaces.

“L2-verse doesn’t feel like a unified Ethereum” - Vitalik.

55% of liquidity in decentralized finance (DeFi) is locked in Ethereum, while the rest is extremely fragmented. Linea, Base, OP, ARB, and Scroll collectively hold about $6.475 billion, but Ethereum still has 700% more liquidity than their combined total.

We know that cross-chain interaction requires too many operations. Select network, select token, approve amount, enter amount. Switch chain, select token, approve amount and borrow. Introducing more chains makes this process more complicated.

Security is also an issue, as even the most reliable cross-chain message transmission can be hacked.

Wormhole lost $325 million in user funds in a single attack. More than $2.8 billion has been stolen from cross-chain vulnerabilities. So, is there a better solution?

We launch the first unified liquidity lending protocol with a global ledger that spans Layer 2 and mainnet and leverages zkCoprocessors for security. To eliminate the risk of inter-chain asset transfers, the protocol uses RiscZero's zkCoprocessor infrastructure to send on-demand messages between blockchains. These messages are verified with Ethereum-level security.

What will this look like for you? With the click of a button, you can access assets on all supported chains in your wallet and supply them to the protocol to start earning yield. Once an opportunity arises on any chain, simply borrow assets on that chain and grab favorable yields. Supply, borrow, and withdraw on any chain with a few clicks. Experience dynamic DeFi strategies that can be changed at any time.

The project’s planned roadmap will be released in the coming weeks. Stay tuned for a unified future powered by ZK technology.