Leading up to Malda’s mainnet launch, we will be unveiling bits of our tokenomics! In Part 1: The Foundation, the core pillars supporting Malda are explored in-depth. You will find out about the revenue structure to support Malda’s longevity, everything “global” about Global Pools as well a new Stability Module feature which bolsters Malda’s economic security while rewarding users. This is just the beginning, however it is important to note that there are certain details we cannot disclose pu...

Leading up to Malda’s mainnet launch, we will be unveiling bits of our tokenomics! In Part 1: The Foundation, the core pillars supporting Malda are explored in-depth. You will find out about the revenue structure to support Malda’s longevity, everything “global” about Global Pools as well a new Stability Module feature which bolsters Malda’s economic security while rewarding users. This is just the beginning, however it is important to note that there are certain details we cannot disclose pu...

1,500,000 is the final number. Yes, the Awakening testnet had more transactions than a mid-sized L2 has during a 10-day period! Testnets are all about breaking things and oh boy - we pushed our testnet to its limits. We greatly appreciate everyone’s participation in the Malda testnet, your contribution and feedback was highly valuable. In this article we recap some of the key statistics and what you can expect to be improved for mainnet!Exceeding ExpectationsIt would be an understatement to s...

1,500,000 is the final number. Yes, the Awakening testnet had more transactions than a mid-sized L2 has during a 10-day period! Testnets are all about breaking things and oh boy - we pushed our testnet to its limits. We greatly appreciate everyone’s participation in the Malda testnet, your contribution and feedback was highly valuable. In this article we recap some of the key statistics and what you can expect to be improved for mainnet!Exceeding ExpectationsIt would be an understatement to s...

In the past 8 weeks we have been working day and night, collaborating with a wide range of parties from partners to security firms to create Malda’s recovery plan: Operation Phoenix. This recovery plan outlines how we will make affected users whole again, while laying the foundation for Malda’s long-term success. We would like to express our gratitude to the community for their patience and trust, as well as our partners for their continued support and advisory behind the scenes. This is a re...

In the past 8 weeks we have been working day and night, collaborating with a wide range of parties from partners to security firms to create Malda’s recovery plan: Operation Phoenix. This recovery plan outlines how we will make affected users whole again, while laying the foundation for Malda’s long-term success. We would like to express our gratitude to the community for their patience and trust, as well as our partners for their continued support and advisory behind the scenes. This is a re...

Timeline of eventsMay 30, 06:51 PM UTC — A third party attacker executed an exploit targeting the Mendi-to-Malda migrator contract:https://lineascan.build/tx/0xd62a3d483b89e38b681777804b286dec682919891924c2b13c566dfaad666ed3 The attacker leveraged a vulnerability in the migrator contract, which was intended solely to allow Mendi protocol users to migrate directly to Malda. Instead, the attacker deployed a fake Mendi Comptroller contract, enabling the attacker to mint a fraudulent Malda positi...

Timeline of eventsMay 30, 06:51 PM UTC — A third party attacker executed an exploit targeting the Mendi-to-Malda migrator contract:https://lineascan.build/tx/0xd62a3d483b89e38b681777804b286dec682919891924c2b13c566dfaad666ed3 The attacker leveraged a vulnerability in the migrator contract, which was intended solely to allow Mendi protocol users to migrate directly to Malda. Instead, the attacker deployed a fake Mendi Comptroller contract, enabling the attacker to mint a fraudulent Malda positi...

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.Update to Our Social ProfilesNew Name on Socials (ie: X, Discord, DeBank, etc.): Malda (prev. Mendi Finance) Tag: @malda_xyzNew Malda PFPNOTE: We are in contact with X/Twitter support to minimize downtime of our verified checkmark.I’m supplying / borrowing on Mendi, what should I do?Your lending and borrowing posi...

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.Update to Our Social ProfilesNew Name on Socials (ie: X, Discord, DeBank, etc.): Malda (prev. Mendi Finance) Tag: @malda_xyzNew Malda PFPNOTE: We are in contact with X/Twitter support to minimize downtime of our verified checkmark.I’m supplying / borrowing on Mendi, what should I do?Your lending and borrowing posi...

There have been a lot of speculations going on in the community that we need to address and add further clarifications. The Malda tokenomics DAO proposal was accepted by the community in a 2 week long public governance process (RFC + MIP), plus in advance of the RFC the core team has collected feedback from key community members. We answer questions and clear misunderstandings below. Community-held MENDI is currently 83.4% of the circulating supply. After migration community-held MENDI holder...

There have been a lot of speculations going on in the community that we need to address and add further clarifications. The Malda tokenomics DAO proposal was accepted by the community in a 2 week long public governance process (RFC + MIP), plus in advance of the RFC the core team has collected feedback from key community members. We answer questions and clear misunderstandings below. Community-held MENDI is currently 83.4% of the circulating supply. After migration community-held MENDI holder...

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. The launch of testnet comes with an exciting campaign where users can test the unified lending experience firsthand, collect points & earn NFTs which will boost their Malda Points earnings! The Malda Awakening testnet runs for 10 days from March 6th until March 16th. In the first 24 ho...

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. The launch of testnet comes with an exciting campaign where users can test the unified lending experience firsthand, collect points & earn NFTs which will boost their Malda Points earnings! The Malda Awakening testnet runs for 10 days from March 6th until March 16th. In the first 24 ho...

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.ZK AuditsZK adds an extra layer of complexity on top of smart contract auditing in its proof system. ZK computation is specified not through steps, but by constraints it should satisfy. For a proper ZK application, computation must precise...

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.ZK AuditsZK adds an extra layer of complexity on top of smart contract auditing in its proof system. ZK computation is specified not through steps, but by constraints it should satisfy. For a proper ZK application, computation must precise...

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. At its core, Malda uses ZK technology in two innovative fields. First is creating unified, Ethereum-wide contracts which unites liquidity fragmented across blockchains into one ecosystem. Second is zkVM scaling and zkML, which will be used to enhance risk management at unprecedent...

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. At its core, Malda uses ZK technology in two innovative fields. First is creating unified, Ethereum-wide contracts which unites liquidity fragmented across blockchains into one ecosystem. Second is zkVM scaling and zkML, which will be used to enhance risk management at unprecedent...

As we prepare for the transition to Malda, we are aware of the excitement and just as much, the unease that comes with change. We are deeply grateful to our users who have supported us throughout this 1.5-year journey, included Mendi in their investments, contributed to its growth by participating in key decisions, devoted their time, and shared their suggestions and critiques.Taking a Look BackMendi was created in mid-2023, during a period of stagnant market conditions dominated by a downtre...

As we prepare for the transition to Malda, we are aware of the excitement and just as much, the unease that comes with change. We are deeply grateful to our users who have supported us throughout this 1.5-year journey, included Mendi in their investments, contributed to its growth by participating in key decisions, devoted their time, and shared their suggestions and critiques.Taking a Look BackMendi was created in mid-2023, during a period of stagnant market conditions dominated by a downtre...

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. Now, imagine a protocol with risk parameters that dynamically respond to market conditions, automatically adjusting b...

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. Now, imagine a protocol with risk parameters that dynamically respond to market conditions, automatically adjusting b...

The Governance Round is Live!Mendi Finance | Governance RoundThe Governance Round. Empowering $MENDI stakers to deepen involvement & get an early hand in the 1st Unified Liquidity Lending.https://mendi.financeThe 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 seam...

The Governance Round is Live!Mendi Finance | Governance RoundThe Governance Round. Empowering $MENDI stakers to deepen involvement & get an early hand in the 1st Unified Liquidity Lending.https://mendi.financeThe 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 seam...