Thread by @CryptoGirlNova

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? 🧵 👇

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.

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.

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.

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.

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.

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.

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 ↓

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.

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.

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

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/G3vWy8cbnK

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.