The Governance Round is Live!

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.

Mendi will undergo a full migration to Malda once TGE is finalized in 2025. This is so that the brand is appropriately aligned with our new ambitious vision, functionality, and internal structure which comes with the ULL.

Governance Round gives the Mendi community priority to participate and become a Liberator. As core supporters of Mendi Finance, $MENDI stakers will be given the right to the Governance Round. These core supporters will provide the foundational support for the core mission to Break Free from Chains.

In this article, you will find out how you can participate in the Governance Round to receive a minimum 40% discount on your early commitment in Malda.

What should I know about the team and this sale?

Malda is built by mendi.finance since late 2023 to transcend “legacy” lending models and become active pioneers in DeFi.

The team self-funded everything with no external funding. This is the governance round of $MALDA, a public sale is planned in the future.

Why This Method?

A Governance Round allows us to give first opportunity to Mendi’s active supporters, $MENDI stakers, giving them first mover advantage into the future of the protocol.

To support those who have stood by Mendi Finance, we are offering better terms for them in the Governance Round proceeding the full migration to Malda.

The Governance Round

The Governance Round give a chance for $MENDI stakers to be the first movers. As participation enables Malda to free users from chains, contributors are dubbed “Liberators” and receive a 40% discount compared to the public round in the future.

Governance Round begins on December 19th UTC and ends on December 27th UTC. Participation can happen in USDC on Ethereum, Linea, Arbitrum, Base and Optimism. A maximum threshold of $250k is set in the round. In the case that it is hit before December 27th, the Governance Round will come to an end.

Participation will happen through a sub-page of mendi.finance domain, giving users a secure path to partake in the Governance Round. This is officially the only place that the round will be held, there are no external links.

USDC can be deposited, and in return users receive an NFT containing metadata of the participation amount. This NFT will be used to claim $MALDA at TGE. We cannot determine exact date of the TGE, but it is expected to happen 2025 Q2.

A minimum of 1k $MENDI staked is required.

What happens after?

There will be no vesting to claim $MALDA, only a cliff period which tiered based on how much staked $MENDI a Liberator holds. On top of a 40% discount, Liberators are offered sizably lower cliff periods than the public round.

The cliff period is tiered as follows:

• Over 1k $MENDI staked: 3 months

• Over 10k $MENDI staked: 2.5 months

• Over 100k $MENDI staked: 2 months

Exact details on process of claiming $MALDA will come soon.

The Governance Round goes live on Dec 19th, 3pm UTC!