Got supplies and borrows on Mendi? Early migrators earn double-incentives for migrating to Malda!

The position migration tool is now live here, so you can simply move your positions to Malda hassle-free, while earning rewards!

What Will the Tool Migrate?

Supply and borrows. Both of these will be migrated at the same time with a single click. This process must be initiated by the user.

Migrating Supplies & Borrows - Key Info

• Supply-only position can easily migrate from now on and can’t face any issue with liquidity constraints

• Large borrow positions may not be migratable early on until sufficient liquidity is available on Malda’s Linea markets — they may need to check back later or migrate manually

• Users receive same rewards if they migrate manually (repay, withdraw form Mendi then deposit on Malda) as if they were to migrate with the migrator tool.

• DAI is being depreciated, and is not migratable to Malda.

Double-Incentivization

To bootstrap liquidity for Malda, the position migration are incentivized with Malda Points boosts and a $MENDI airdrop.

Malda Points Boost

Your migrated position can earn up to 50% points boost! This is calculated based on the time-weighted average of position size over the past 6 months. All migrators in Season 1 are eligible for this points boost.

It is important to note that the points boost only applies to the value which has been migrated over.

$MENDI Airdrop

Those who migrated between Malda mainnet launch and June 9th will be eligible for a $MENDI airdrop. The snapshot will be taken on June 8th 11:59PM UTC and is calculated based $-value migrated to Malda.

Using the Migrator Tool

We keep it simple at Malda. With a click of a button, your positions can be migrated to Malda.

What happens to Mendi?

Far down the line - after all types of migration have occurred - the Mendi frontend will be closed. Mendi contracts will stay live forever. As such, there is no hard deadline to move your positions.