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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
What is Mendi?
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Information
Exploit/Hacks
None
Documentation
Info
Website
Token: MENDI
Tags: Lending
Key Metrics
TVL: $64.2M (Rank #111)
TVL Ranking by Lending: #24
Blockchain: Linea
Chain TVL
Linea: $64.18M
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
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Mendi Pools
Mendi ETH Lending
WETH
0.9%
Yield
$19M
TVL
Risk
C
Protocol
Mendi
Chain
Linea
Details
Mendi BTC Lending
WBTC
1.2%
Yield
$6M
TVL
Risk
C
Protocol
Mendi
Chain
Linea
Details
Mendi ETH Lending
wstETH
1.7%
Yield
$4M
TVL
Risk
C
Protocol
Mendi
Chain
Linea
Details
Mendi USD Lending
USDC.e
7.5%
Yield
$600K
TVL
Risk
C
Protocol
Mendi
Chain
Linea
Details
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