MENDI
No. 936Price
Markets
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- Introduction
- Feed
1. Project introduction
Mendi Finance provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial. Similar to (and based on) existing lending platforms like Compound Finance and AAVE users will be able to lend any supported assets on Mendi Finance, and use their capital to borrow supported assets.
2. Token application and distribution
Token application:
- Staking to obtain protocol income
- Serves as an incentive for other protocols to enhance MENDI’s liquidity
Token distribution:
Rewards+Bribes (Community) - 60,000,000
Protocol Growth - 19,000,000
Core Team (3 months cliff/2-year vest) - 12,000,000
LGE Participants - 3,500,000
Community Airdrops - 3,000,000
Initial Liquidity - 2,500,000
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