Mendi Finance revolutionizes cross-chain lending: unified liquidity to address L2 ecosystem fragmentation challenges
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Mendi Finance revolutionizes cross-chain lending: unified liquidity to address L2 ecosystem fragmentation challenges
Mendi Finance's upgrade will create the first unified liquidity lending protocol, redefining cross-chain asset lending.
Navigating Web3 tides with focused insightsAuthor: Mendi Finance
Compiled by: TechFlow
The upgrade from Mendi Finance will create the first unified liquidity lending protocol, redefining how cross-chain asset borrowing works. The fragmented nature of blockchain ecosystems creates friction for users—especially when navigating complex cross-chain user interfaces.
“L2-verse doesn’t feel like a single Ethereum” – Vitalik.
In decentralized finance (DeFi), 55% of liquidity is locked on Ethereum, while the rest is highly fragmented. Linea, Base, OP, ARB, and Scroll together hold around $6.475 billion, yet Ethereum’s liquidity still exceeds their combined total by 700%.
We know cross-chain interactions require too many steps: choosing networks, selecting tokens, approving amounts, entering values. Switching chains, selecting tokens again, approving, then borrowing. Adding more chains only complicates this further.
Security is also a concern—even the most trusted cross-chain messaging systems can be hacked.
Wormhole lost $325 million in user funds during one attack. Over $2.8 billion has been stolen due to cross-chain vulnerabilities. So, is there a better solution?
We’re launching the first unified liquidity lending protocol with a global ledger spanning Layer 2s and mainnets, secured by zkCoprocessors. To eliminate the risks of transferring assets across chains, the protocol uses RiscZero’s zkCoprocessor infrastructure to send on-demand messages between blockchains. These messages are verified with Ethereum-level security.
What will this look like for you? One click to access all your assets across supported chains in your wallet and supply them to the protocol to start earning yield. Whenever an opportunity arises on any chain, simply borrow assets there and capture favorable returns. Supply, borrow, and withdraw on any chain with just a few clicks. Experience dynamic DeFi strategies that can change instantly.
The project's roadmap will be released in the coming weeks. Stay tuned for a unified future powered by ZK technology.
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