According to TechFlow, the Mendi Finance upgrade will create the first unified liquidity lending protocol, redefining the way cross-chain asset lending works. The decentralized nature of the blockchain ecosystem brings difficulties to the user experience, especially when combined with complex cross-chain user interfaces.

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.

Cross-chain interactions require too many operations, and security is also a problem. Wormhole lost $325 million in user funds in a single attack. More than $2.8 billion has been stolen due to cross-chain vulnerabilities.

Mendi Finance launches the first unified liquidity lending protocol with a global ledger, spanning Layer 2 and mainnet, and leveraging zkCoprocessors for security. The protocol uses RiscZero's zkCoprocessor infrastructure to send on-demand messages between blockchains, which are verified with Ethereum-level security.

With the click of a button, users can access assets on all supported chains in their wallets and provide them to the protocol to start earning yield. Supply, borrow, and withdraw operations can be completed on any chain in a few clicks. The project's planned roadmap will be released in a few weeks.