We’re excited to announce that Mendi Finance — Linea’s top native lending protocols — has integrated Chainlink Price Feeds on Linea mainnet. By upgrading to the industry-leading decentralized computing platform, Mendi has access to high-quality, tamper-proof price feeds needed to display live and accurate market prices. This will provide our users with stronger assurances that the value of their assets on Mendi Finance is always representative of the accurate market value.

Our initial integration involves the use of the following Chainlink Price Feed USD pairs: USDC, USDT, DAI, wETH, wBTC, wstETH, weETH, and wrsETH. We chose Chainlink as our preferred oracle solution because its infrastructure is seamless to integrate and time-tested in production. As the most widely adopted price data standard in Web3, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

Mendi Finance aims to provide the most secure money market experience for users. With Chainlink’s integration alongside other notable security features like Hypernative and IntoTheBlock dashboards, we are able to give users a secure DeFi experience so that they can transact with confidence on Mendi Finance.

In order to help secure our money markets, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
• Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
• Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
• Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

With the Chainlink integration, Mendi Finance takes another significant step towards enhancing security.

“We’re excited to integrate the industry-standard Chainlink Price Feeds to help secure our money market. Price Feeds is an obvious choice as it’s the most reliable, accurate, and decentralized solution available. Security of user funds is mission-critical, and this was a key factor for us to integrate Chainlink.” — Barna, Co-Founder of Mendi Finance.

About Mendi Finance

Mendi Finance a leading native lending protocol on Linea. Earn high yields from reward tokenomics with Lynex and earn from 100% protocol profits in real yield by staking MENDI.

Linea Surge is live! To celebrate the launch of LXP-L, we’re introducing MLP-L to match, which can be used to multiply one’s exposure to the potential future rewards. Through the Mendi Loyalty Points system, we have successfully distributed the Pyth airdrop to the community - and there might be more coming in the future!

MLP-L = MLP-Liquidity

MLP-L works the same as the traditional Mendi Loyalty Points, but can be accumulated by supplying assets to Mendi Finance (rather than borrow with traditional MLP). In case of future rewards the protocol receives, we will distribute it proportionally to MLP-L and MLP holders.

Mendi Finance has seen immense growth after the launch of MLP, with TVL and total protocol borrows both surpassing $30 million just a few months after. The success of MLP can be tied to its unique non-inflationary model, securing a user’s share of potential future rewards for their contribution like no other point system out there.

MLP-L adds on to this fair and apparent successful system, further incentivizing Linea Surge participants to take part in the full Mendi ecosystem to take advantage of maximizing rewards.

About MLP-L

MLP-L has the same value and utility as MLP — sharing the potential future Linea airdrop to holders proportionally.

Where does MLP-L come from? The original MLP system was designed in a way that at the final milestone, 50% of potential future rewards will be given to the community while the other 50% goes to protocol reserves.

With the introduction of MLP-L, we’re shifting 10% of the protocol reserve’s over to the community making the new ratio 60–40. Using this methodology, we still ensure that value of MLP does not inflate in the end of the day.

MLP-L Distribution

200,000 MLP-L (10% shifted from protocol reserve’s share) will be distributed proportionally among suppliers at the end of each Volt during the Linea Surge. At the end of Volt 6, all MLP-L will be distributed. One Volt will last approximately one month.

Just like MLP, we are using on-chain data to calculate the time-weighted pro-rata for each address’ total supply balance between each Volt. This means that the amount of time your supply assets for will directly impact the amount of MLP-L you earn for that Volt. Your total supply $-value between a given Volt will matter. This prevents gaming the system and rewards those who commit to supplying assets over time. If you have assets supplied already, they will be accounted for at the start of the Surge, no need to withdraw and resupply. MLP-L time-weighted calculations will automatically begin at the start of the Volt.

MLP-L distribution will follow Linea’s early adopter multiplier. The earlier you contribute to supply, the more MLP-L and potential future airdrop you will receive. It’s worth to act on time.

MLP-L distribution goes as follows:

While MLP and MLP-L is 1:1 in value, it’s important to note that borrowing and staking is still incentivized with more points than supplying is. The goal is not to shift funds from borrows and stake to supply. MLP-L further incentivize supplies to attract more liquidity towards Mendi Finance and boost looping strategies.

After all, an indicator of a healthy and lively lending protocol is abundant activity in both supplies and borrows — not just TVL.

Total Mendi Loyalty Points Spread Visualization

Don’t miss out on points galore on Mendi Finance. With the launch of MLP-L, your point farming game just escalated to new heights.

Points & Rewards On Mendi Finance

We are still early. The Linea Surge will be the catalyst that really kick things off on the network, and it is important we stay ahead of the curve to establish Mendi as the go-to, native lending protocol of the network.

Mendi Finance is an EVM compatible lending/borrowing protocol on Linea. Mendi Finance provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial. Similar to (and based on) existing lending platforms like Compound Finance and AAVE users will be able to lend any supported assets on our platform, and use their capital to borrow supported assets. At launch, Mendi Finance offers the following high-liquidity money markets with dynamically adjusted incentives:

• wETH
• wstETH
• wBTC
• USDC
• USDT
• DAI

Mendi aims to be the prime lending protocol on Linea by offering highest competitive incentives for money markets, having the deepest liquidity and being native to Linea.

Mendi markets are secured by Pyth Network feeds and provide the underlying security for the protocol to prevent bad debt accumulation.

Mendi Finance is a recipient of a Pyth allocation through the Pyth Network Retrospective Airdrop program.

What Will We Do With These $PYTH tokens?

Mendi Finance will distribute half of the $PYTH tokens among MLP holders and use the other half to offset ongoing costs to maintain the protocol. The Pyth allocation will be distributed once we reach the next milestone for the Mendi Loyalty Program.

Integration with Pyth Price Feeds or Pyth Benchmarks

Pyth Data provides a secure infrastructure with low latency behind Mendi Finance protocol. They are able to provide price feeds across all markets. They have been supporting the Linea Network from early on and they were a natural choice for us to provide price feeds through a decentralized manner.

Pyth feeds have been the backbone of all the growth we have experienced since our launch on Linea during which we became the largest protocol in terms of total market size (currently over $30million). Our goal to provide a secure money market for the Linea community would not have been possible without Pyth price feeds.

Call to Action

Check out mendi.finance to see the Pyth price feeds in action on our lending protocol!

Links to official Pyth Network channels:

• Website: https://pyth.network
• Price Feeds: https://pyth.network/price-feeds
• Docs: https://docs.pyth.network
• Twitter: https://x.com/PythNetwork
• Discord: https://discord.com/invite/PythNetwork

Special thanks to Linea for advising us on the decentralization of the protocol!

Mendi Finance will begin its transition towards a DAO in 2024. During this process the core team will start the implementation and gradually hand over more and more decision making to the sMendi and uMendi token holders.

Our DAO transition will be managed carefully and implemented gradually. Safeguards will need to be put in place to have a secure and robust architecture that is able to make governance decisions and secure the Mendi money markets and protect users funds.

Why are we taking a gradual approach of implementing governance?

Mendi Finance is still a very young protocol which is continually growing. A gradual approach to decentralizing governance is beneficial because of the following reasons:

• Helps increase community engagement on governance gradually
• Increase security and puts safeguards in place to protect investors and users
• Enables building out a security framework that will provide adjustments for the money market parameters which ensures a healthy lending protocol with minimum bad debt.
• Creates a framework that prevents governance attacks in the early stages of decentralization.

The role of the core team in the decentralization process is to ensure this security and provide a robust governance for the DAO after the transition

Phases of Decentralization

In the following section we have provided an overview of the phases towards decentralization.

Phase 1

• Implement off-chain governance for:
  - Adding new markets
  - Adjusting collateral ratios and reserve factors
  - Adjusting protocol revenue allocation
  - Protocol growth allocation spending
• uMendi and sMendi holders are able to vote on proposals
• Core team implements the proposals that pass

Note that this phase will be a Snapshot-like off-chain governance system. The Mendi Core Team will implement proposals that pass.

Phase 2

• Mendi Finance will transition to on-chain governance with a security council. You can think of Phase 2 as a decentralized execution system:
  - DAO Proposals that pass will execute pending a security council sign-off
  - The security council in itself will not be able to propose or execute governance decision by itself

The core team will establish a security council with external signers.

• Scope of the security council:
  - Ensure the proposals that pass are secure and beneficial for the protocol.
  - Veto power for a proposal that is deemed malicious to the protocol and/or community
  - A veto requires a fully transparent and detailed report.

Goal of the security council: Ensure a seamless and secure transition between off-chain governance (Phase 1) and on-chain governance (Phase 3)

Phase 3

• Mendi Finance will transition to on-chain governance
• The security councils scope will be limited in steps and they will gradually hand over the protocol to uMendi and sMendi holders.

What tools are we planning to use for this?

Tally, chosen by the core team for Mendi Finance’s DAO implementation, is recognized as the governance front-end of choice within the ecosystem, trusted by over 500 DAOs. This platform streamlines the experience for Mendi DAO members, allowing them to engage in governance across multiple protocols from a single interface. Its widespread adoption highlights Tally’s role in facilitating transparent, decentralized decision-making and enhancing operational efficiency in the DAO landscape.

Mendi is committed to establishing a structured governance forum, utilizing Discourse, to facilitate proposals and discussions. This dedicated space will provide structured moderation and predefined templates, ensuring clarity and consistency in proposal submissions. The forum will offer easy access to both current and historical proposals, fostering an environment of transparency and informed decision-making.

Participation in the DAO’s proposals is strongly encouraged through active engagement in the forum, emphasizing the importance of community involvement in the governance process.

In the Mendi Discord a #governance channel will be set up. This will be a place to discuss recent governance proposals in a less formal environment.

What is the difference between the forum and the Discord channel?

The forum will be the primary platform for submitting and formally responding to DAO proposals. It will be a structured environment dedicated to official proposal presentations and responses.

The Discord channel will be a dynamic space for community members to casually discuss and comment on active proposals. This setting offers a less formal atmosphere, ideal for initial thoughts and conversations about the proposals.

The past few months has marked an incredible journey for the Linea ecosystem and with that, for Mendi Finance. We not only surged to become the third largest protocol on Linea boasting a TVL of over $8,000,000 but have been working tirelessly to BUIDL, expand our ecosystem and propel the Linea ecosystem forward as a whole.

Throughout our journey, an expansive ecosystem of like-minded protocols striving for the same goal was established. These are our amazing partners who we’re working with closely to create comprehensive, efficient and secure solutions for DeFi.

Velocore

We’d like to first introduce our key strategic partners who have been with us since the beginning. Velocore is a ve(3,3) DEX whose ecosystem spans across 3 different chains: Linea, zkSync & Telos. They are a keystone protocol for Mendi Finance acting as the DEX where the USDC/MENDI liquidity pair (LP) is listed on, enabling swaps to and from $MENDI.

The ve(3,3) Model

Their unique V3 model of ve(3,3) DEX distributes $LVC emissions to liquidity providers rather than trading feels like traditional DEXs. Amount of $LVC emissions each LP receives is determined by how many votes they receive from $veLVC vote-escrow governance token holders. Users lock $LVC to exchange it to $veLVC at a 1:1 ratio. $veLVC is then used to vote on LPs, in exchange for yields based on trading fees generated and external bribes attached to them. At the time of writing, voting on USDC/MENDI will earn users an APR of 300% while providing liquidity nets users an APR of 85%.

The Flywheel

We created a unique flywheel between Mendi Finance and Velocore which loops value between the two protocols and rewards participating users. An important aspect to note before diving into the mechanism of the flywheel is that 100% of $LVC emissions Mendi Finance receives from USDC/MENDI LP goes back to $MENDI stakers. Additionally, a core aspect of $MENDI tokenomics is that 20% of emissions are allocated to bribing the USDC/MENDI LP gives it a monetary incentive for $veLVC holders to vote on our LP.

By bribing USDC/MENDI, we kick off a feedback loop called the flywheel which rewards participants and the ecosystem simultaneously.

• USDC/MENDI is bribed, increasing the APR that $veLVC voters receive for voting on it
• With more votes, more $LVC emissions are allocated to it from Velocore. This ultimately increases staking yields as those emissions are returned to $MENDI stakers
• Higher APR attracts more investors to stake $MENDI, positively impacting its price
• With this, the value of bribes allocated to to USDC/MENDI increases, consequently raising voting APR $veLVC users receive
• Repeat

Participants of the flywheel are rewarded at every turn. As long as users are satisfied with the flywheel, the Mendi protocol continues to grow.

Fluvi Wallet

Account Abstraction is the key catalyst for onboarding the next million onto Web3. Essentially, it is a crypto wallet run through smartcontracts which gives crypto wallets programmability and customizability like never before. From traits like personalized security logic, 2FA, and easily multisig authorization to batched transactions, scheduled payments and gas payment in any token.

Fluvi is one such wallet, and is supported on Mendi Finance! Their next project is to integrate an automatic leverage widget in their wallet when connected to Mendi Finance.

One-Click Leveraged Lending

It is possible to add a leverage to your lending positions using looping. Borrowed assets can be added back to supply, set as collateral and borrowed again. Fluvi’s Account Abstraction wallet simplifies this process to 1 click instead of having to push through a large batch of transactions. De-leveraging is just as easy, allowing you to pull out of positions in an instant.

Trade with caution, while a leveraged position does increase your yields it also magnifies the risk of liquidation.

This is just scratching the surface of what Account Abstraction is capable of. We are looking forward to see what other innovative features Fluvi will create, and are thrilled to be their strategic partners.

Deri

Deri is the top decentralized derivatives and options platform, offering leveraged trading on the Linea network. They give the opportunity for users to trade at both the beginner and advanced level. Having very recently deployed a couple of weeks ago, their rapid growth to become the #1 protocol on Linea (based on TVL) over a few weeks is exemplary. Currently, their TVL stand at a whopping $16.27 million!

Our partnership marks a significant step forward in our joint mission to offer comprehensive, secure and efficient financial services to DeFi. The LPs listed on Deri will be deposited to Mendi in order to generate yields for their users, in return deepening Mendi Finance’s liquidity.

Chimp

Chimp Exchange aims to simplify the crypto space by bringing all DeFi apps under one platform for an easy and fun experience. This includes low-fee swaps, a launchpad for new projects, a multi-blockchain bridge, an NFT Club with exclusive privileges, and soon, trading of perpetual contracts.

Our partnership with Chimp unlocks a practical application for LPs, which often go unused during swaps. By allocating such LPs to Mendi Finance, Chimp Exchange generates additional yields for its users and simultaneously deepens Mendi Finance’s liquidity. A win-win scenario for all!

Overnight.fi

Overnight.Fi is an asset management protocol offering passive yields based on risk-neutral strategies. They offer yields on their USD+, a stablecoin pegged to USDC, as well as a range of other assets including DAI+ and USDT+ as well as their most recently listed ETH+.

As a real yield asset management protocol, they will be depositing a portion of their stablecoin reserves onto Mendi Finance to generate yields for their users.

Beefy

Beefy is one of the most popular yield aggregators out there. They are one of the newest additions of protocols to join the Linea ecosystem, and we’re more than happy to see them here. Beefy aggregates yields from various protocols across different chains onto one platform for users to discover new opportunities and diversify their portfolios.

Beefy has created autocompounding vaults on Linea, which utilize strategies from Mendi Finance. These vaults generate yields for their users and earn more rewards while saving fees.

Toaster

Toaster Finance is a cross-chain all-in-one DApp where defi is made easy as making toast. With just a few clicks on a single page, invest in any protocols, ranging from the most complex double-sided concentrated liquidity models to simple single token yield farms using any token from any chain. Their V3 model features a zap function, so you can provide liquidity with a single token for a double sided liquidity pool.

Toaster has also recently integrated Linea, and they direct their investors’ deposits to Mendi Finance’s pool to generate yields with high, stable APRs. They have exciting plans to introduce Mendi’s lending feature to their interface through a full integration of Mendi Finance.

YaspFi

YaspFi is a one-stop-shop for Everything DeFi with 3 core products, Yield aggregator, MetaDEX Exchange and Wallet. Users can find great exchange rates and zap-into Yield Offers in one-click. Powered by Account Abstraction, YaspFi pushes the boundaries of what this upcoming technology can achieve.

To offer stable and high yields for their users, they have integrated Mendi’s lending pools to their platform. Investments made on certain assets will be deposited directly into Mendi Finance’s pools.

Mendi Finance’s tokenomics prioritize fairness through revenue sharing to support protocol and community growth.

Mendi Finance announces the launch of a Loyalty Program to create an accounting system that can be used to distribute future rewards that Mendi may receive by being in the Linea ecosystem.

The Linea Voyage XP measures the participation not just for the users, but also the protocols. Observing this we anticipate that in the future decentralization of the Linea governance, protocols will be airdropped tokens, similar to what happened in Arbitrum.

In case of this potential airdrop we will use MLP as an accounting system to distribute to fairly distribute the airdrop to holders.

To reward early contributors in the fairest way we are introducing the Mendi Loyalty Points (MLP). These are going to be soulbound ERC-20 tokens that will be distributed proportionally to the users of the lending protocol and the staking protocol.

You can earn MLP by staking $MENDI or borrowing assets from the Mendi Lending Pools. MLP is distributed to users when a milestone is reached, which we tied directly to the total borrows in the protocol

MLP is distributed:

• Proportionally to $MENDI stakers
• Proportionally to borrowers
• The more you stake or borrow the more MLP you can get

We capped the total future rewards to be distributed at 50%

• The remaining half of the future rewards will be kept in the protocol’s treasury.
• The governance, which is the decision-making body within the protocol, will have the authority to decide how to best use these funds for the benefit of the protocol and its community. They can allocate these funds to various purposes or investments as they see fit.

How the protocol achieves a milestone?

• Each milestone needs to be stay above threshold for 1 week in total for it to be considered achieved.
• We are using DeFiLlama to measure the total borrows of the protocol on a given day.

How are rewards distributed proportionally?

We are taking using on-chain data to calculate the time-weighted pro-rata for each address borrow and staking balance between each milestone. The first milestone is calculated from the announcement of the Mendi Loyalty Program. We will be adding the block number for each milestone below

• Start of the Mendi Loyalty Program — Block 606447
• First milestone — $8 million total borrows — Block 1502715

Using the on-chain data, we fairly calculate fairly each address’ share of MLP tokens

• The more you borrow the more MLP you can expect in return — The relative borrowing power of 1$ never decreases in any of the milestones. You will always get the same amount or more for rewards, rewarding long-term participation
• The more Mendi you stake, the more MLP you can expect in return.
• Balances are always calculated for the timeframe between milestone
• Exception is the first period, which started Oct-10–2023 11:59:56 PM +UTC (last block before midnight UTC time)
• The rewards are then going to be available to the users in the claim page. — Users can claim them any time
• There will be a leaderboard set up, where you can see your current progress — 2000 MLP is equal to 0.1% of the total anticipated Linea rewards.

Here you can see the unlock schedule, both in a table and on a chart:

The choice to use soulbound ERC-20 tokens was to ensure that these are not traded on the secondary market, as their is no value attributed to them at the moment. The Mendi Loyalty Points will enable us to track the community’s contribution to the protocol and distribute rewards in the future in a fair way.

We designed the system in a way that aligns the interest of participants. Each participant has a shared interest to reach higher milestones, to be able to claim more rewards. As the protocol grows ones ability to earn the same amount of rewards is not inflated. The potential reward share of the MLP token is also equal at every stage, and the upside potential of it grows exponentially the more MLP is unlocked. This can be seen by studying previous examples, where users can see how value was created to generate more rewards for early adopters.

We have recently announced our partnerships with Axelar and Squid, two cross-chain projects that are a crucial infrastructure.

Squid is a protocol that is powered and secured by Axelar. Axelar delivers secure cross-chain communication for Web3, enabling Interchain dApps like Squid. In the Uniswap Bridge Assessment Report Axelar is one of only two solutions that were approved for use by Uniswap.

Squid came out of Axelar’s grants program. Given cross-chain swaps is a strategic use case, Axelar works closely with the Squid team. Being a strategic partner and having received a grant from Axelar means that Squid inherits the same security as Axelar has and we can safely recommend the use to our community.

Mendi Finance is partnering with Squid to integrate two of their products into the Mendi interface:

The Squid Swap Widget for the Liquidity Generation Event:

• Provides easy onboarding for LGE investors, by enabling one-click swap & bridge any token from any chain to USDC on Linea

The Squid Stake Widget for the Lending Protocol:

• Provides easy onboarding for new protocol users, by enabling one-click swap & bridge & deposit any token from any chain to the Mendi lending pools.

Let’s take a look at both solutions.

Squid Swap Widget

The Squid Swap Widget enables direct integration of the Squid Cross-Chain Swaps to the Mendi Finance interface. This enables direct onboarding of users coming from other chains, users can simply bridge and swap their assets from any of the Axelar supported chains to Linea.

Why is this amazing for us?

Linea is a new zkRollup which means liquidity is still coming in to the ecosystem. For a successful LGE we simplify this process by saving time and effort to our investors and users. This is also great not just for Mendi Finance but for the Linea ecosystem as well. As an official launch partner of Linea we see it as our duty to also integrate solutions that boosts the early growth of the ecosystem and bootstraps liquidity on-chain.

Squid Supply Widget

The Squid Supply Widget takes it one-step further and actually deposits the assets to the contract that is selected by the user.

We are integrating this solution to a new page on our UI and you will be able to select the chain where you have your current assets and the asset that you want to invest, next you can select the lending pool on Mendi Finance where you want to deposit these assets. When you submit the transaction Squid and Axelar is going to take care of everything for you in the backend, find the best rates for swaps, bridge over your assets and even deposit it into the lending pool of your choice in the required asset.

With this if someone wants to deposit into Mendi Finance but they store their assets in another chain, they can simply do it in one click, saving them a ton of time, the need to research all different protocols just to supply assets to the Mendi Finance lending pools.

Mendi Finance is decentralized lending protocol that aims to be the go-to native lending protocol on the Linea blockchain. The protocol is based on a unique tokenomics that builds upon Velocore’s bribing mechanism to ensure high incentives are distributed to the community. Mendi will distribute 80% if its revenue with stakers as a staking yield in the first 3 months, increasing to 100% after that period. Stakers will also have the option to receive staking rewards either in the Mendi token $MENDI, or in USDC because we believe users should be free to choose the option that suits them the best.

20% of our emissions are used as bribes on Velocore to encourage the protocols community to vote for the MENDI-USDC liquidity pool. The rewards generated by the liquidity pool will be used exclusively to reward the stakers of the Mendi protocol.

The rest of our emissions will incentivize early adopters of the protocol. 70% of the emissions will reward borrowing assets from the protocol to ensure a high utilization of the protocol. The rest of the emissions will be used as supply incentives.

The biggest decision for any protocol is to select the chain they want to launch on. We decided to build on Linea based on multiple reasons.

Mendi Finance was launched this week on the Linea testnet to be part of the exciting journey that was launched by ConsenSys. By being on testnet, we can fine-tune the protocol and test for any bugs to ensure a seamless launch on mainnet when it goes live. Linea is easily the most exciting new chain, and we can see that by the activity metrics despite still being on testnet are easily overshadowing mainnet chains - we believe Linea will catapult into the Top 10 by TVL very quickly.

When deciding on the chain for our protocol we chose Linea based on the following aspects:

Linea is a Type-2 zkRollup

• Its type-2 EVM compatibility, means it will attract developers from the wider EVM ecosystem
• It is a zkRollup that has instant transaction finality to withdraw assets to the Ethereum chain
• This is a key component that enables zkRollups to attract liquidity from mainnet Ethereum

The Success of Optimism and Arbitrum

• The past success of rollups indicate that launching on new rollups with better architecture is the most optimal decision DeFi protocols can make.

ConsenSys’ Track Record on the Ethereum Ecosystem

• ConsenSys is a web3 giant and they have access to more than 21 million monthly active users through MetaMask.
• Default MetaMask, Infura, Truffle, and Besu integrations for developers
• Huge community despite only being on testnet, the Linea official Twitter currently boosts 373k followers

Linea Voyage with DeFi week

• The opportunity to introduce our protocol on the Linea Voyage to ~500 thousand individual users who are participating in the quest for the commemorative NFTs.

By looking at these aspects it is easy to see what Linea offers that you simply can’t find in other zkRollups and is the blockchain with highest potential to be the next Arbitrum. We are excited to be part of this journey and contribute to the Linea ecosystem as a native lending protocol. Our users will have access to unique trading strategies made available to them through other innovative DeFi protocols that are launching on Linea.

Join our Community:

Twitter: https://twitter.com/MendiFinance

Discord: https://discord.gg/G3vWy8cbnK

Try out the testnet for yourself: https://testnet.mendi.finance/