Mendi Finance

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Same as Compound Finance, we just count all the tokens supplied (not borrowed money) on the lending markets

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Mendi Finance's governance or utility token carries a market capitalisation of 87.913,5 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (87.913,5 $) is small relative to deposits secured by the protocol (2,3 Mio. $); a mcap/TVL multiple of 0.04× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 73.830,2 $ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Aug 21, 2023
   Auf DeFiLlama gelistet

Mendi Finance is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Linea. No public audit reports are listed on DeFiLlama for this protocol.

Mendi Finance is a single-chain protocol, deployed exclusively on Linea — this concentrates execution risk but simplifies the trust model. Roughly 96% of its on-chain value sits on just three networks (Linea, Linea-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Price discovery relies on 3 oracle providers (Api3, Chainlink, eOracle), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Its token market cap (87.913,5 $) is small relative to TVL (2,3 Mio. $) — a mcap/TVL ratio of 0.04 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Mendi Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Mendi Finance is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure 43,4 Mrd. $ in deposits, giving you a frame of reference for whether Mendi Finance's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL 26,2 Mrd. $ · 24h +0.16%

Morpho V1

TVL 7 Mrd. $ · 24h +0.57%

JustLend

TVL 3,4 Mrd. $ · 24h +1.86%

Maple

TVL 2,4 Mrd. $ · 24h -1.17%

SparkLend

TVL 2,2 Mrd. $ · 24h +3.62%

Kamino Lend

TVL 2,1 Mrd. $ · 24h -0.02%