Looking for a peer-to-peer lending platform that is fully transparent, secure, and decentralized? Look no further than Mendi Finance, an EVM-compatible lending and borrowing protocol. Like existing platforms such as Compound Finance and AAVE, our service allows users to lend any supported assets, and use their capital to borrow supported assets in return. Plus, our non-custodial approach ensures maximum security and transparency for all users.
Mendi's goal is to become the leading lending protocol on Linea, distinguishing itself through highly competitive incentives for money markets, deep liquidity, and its native integration with Linea.
Staking and Revenue Sharing
sMENDI and uMENDI are the staked versions of $MENDI, designed to distribute protocol revenue and VC rewards to stakers. The primary objective of staking is to provide incentives to users who hold $MENDI and support the network's growth.
Stakers are eligible to receive 80% of the protocol revenue and 80% of VC rewards for the initial three months. Once team tokens start to become unlocked, stakers will receive 100% of the protocol revenue.
Introducing Two Separate Staking Pools
Mendi's staking program will feature two unique pools. The first, sMENDI, will reward stakers with MENDI tokens acquired from the market. The second pool, uMENDI, will offer rewards in the form of USDC tokens from the market, distributed to uMENDI stakers.
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