1,500,000 is the final number. Yes, the Awakening testnet had more transactions than a mid-sized L2...

The wait is over, the Malda Awakening testnet campaign is now live! This campaign is co-hosted by RiscZero, who will be providing Boundless infrastructure supporting the generation of zkProofs at Malda mainnet.

Mendi Finance will rebrand to Malda this Thursday (Feb 20th). This marks another major step in our transition, here’s a look at the changes that will be introduced in the rebranding.

As we prepare for the transition to Malda, we are aware of the excitement and just as much, the unease that comes with change.

Malda, the Unified Liquidity Lending protocol, extends the boundaries of what is possible with ZK technology. By spearheading the evolution of DeFi, Malda will entirely redefine the lending and borrowing experience.

Malda will soon begin its audit with Veridise. Veridise specializes in auditing smartcontracts for Zero-Knowledge (ZK) technology, filling in the niches set out by the Unified Liquidity Lending protocol and making them the ideal candidate for auditing Malda.

There have been a lot of speculations going on in the community that we need to address and add further clarifications.

Risk management is the cornerstone of any successful lending protocol. Thoughtful risk parameters can lower borrowing costs while maintaining liquidity, maximize returns for lender LPs, and drive protocol growth through capital efficiency. But when risk parameters are mishandled, the fallout during extreme market events—like terrifying liquidation cascades—can be catastrophic.

The Mendi Finance DAO has passed a vote to upgrade the protocol and become the first Unified Liquidity Lending (ULL) protocol in DeFi. ULL elevates itself above the current “legacy” lending model by creating a truly unified pool of liquidity connecting Mainnet and L2 chains together seamlessly. This tackles the pressing issue of liquidity fragmentation while providing immense value to users by entirely abstracting chains away so they enjoy an outstanding UX.