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Mendi
Lending
Mendi is a decentralized lending protocol built on Linea network
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
Information
Exploit/Hacks
None
Documentation
Info
Website
Token: MENDI
Tags: Lending
Key Metrics
TVL: $35.8M (Rank #103)
TVL Ranking by Lending: #23
Blockchain: Linea
Chain TVL
Linea: $35.81M
Risk Assessment
Watch Out
Protocol Code Quality
Code reviewed by at least one experienced auditor;
ScaleBit
Public team promotes accountability
No documented protocol hacks since launch
Protocol Maturity
No death spiral concerns
Robust controls to mitigate oracle price manipulation
Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
Basic controls in place to prevent risky borrowing
Basic mechanisms in place to incentivize liquidations
Solid methods to accrue protocol reserves
Protocol Design
Latest protocol version launched in 2023; maturity over six months reduces technical risk as smart contracts are moderately battle-tested
Top 20% by total value locked slightly reduces risk
Multisig wallet controls protocol upgrades
Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
At least one minor governance issue documented
Low voting power concentration reduces risk
Things to know about Mendi
Mendi Pools
Mendi BTC Lending
WBTC
3.8%
Yield
$12M
TVL
Risk
C
Protocol
Mendi
Chain
Linea
Details
Mendi ETH Lending
WETH
12.3%
Yield
$6M
TVL
Risk
C
Protocol
Mendi
Chain
Linea
Details
Mendi ETH Lending
wstETH
12.9%
Yield
$3M
TVL
Risk
C
Protocol
Mendi
Chain
Linea
Details
Mendi USD Lending
USDC.e
17.4%
Yield
$1M
TVL
Risk
C
Protocol
Mendi
Chain
Linea
Details