Mendi Finance: Unified Liquidity Lending

Mendi Finance launched its unified liquidity lending framework on October 10, 2024, which aims to tackle the hurdle of fragmented liquidity. The main advantage of unified liquidity is that it can offer highly competitive rates for borrowing, due to the deepened liquidity from allowing lenders to provide liquidity on any supported chain.

Similar to other decentralized lending platforms, Mendi offers over-collateralized loans for users. These loans are liquidated when the debts are no longer sufficiently over-collateralized by a certain collateral threshold (e.g., 120%). The breakthrough that Mendi has made is facilitating the lending process across multiple EVM chains.