Minterest Announces Higher Borrowing Limits on Taiko

πŸš€ Borrow more, stress less

By Minterest
Oct 15, 2024, 10:54 PM
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Photo by Minterest

Minterest, a cross-chain DeFi lending protocol, is set to increase borrowing limits on the Taiko network.​ This update aims to enhance user experience and expand lending opportunities.​

Key points:

Minterest is known for redistributing 100% of captured value back to users, making this update potentially beneficial for both lenders and borrowers on the platform.​

Users are encouraged to visit the Minterest platform on Taiko to explore these new opportunities and take advantage of the increased borrowing capacity.​

Sources
Read more about Minterest

⏰ Minterest Shutdown Countdown

**Minterest is shutting down operations** with a final deadline of **December 19, 2025 at 23:59 UTC**. **Action Required:** - Repay all outstanding borrow positions - Withdraw all supplied assets - Complete transactions before the deadline **After December 19:** - Front-end interface goes offline - All interactions must be done directly through smart contracts - Assets remain secure but access becomes more complex Users have less than one week remaining to manage their positions through the standard interface. [Full guidance available](https://docs.minterest.com/sunset-hub)

πŸ‡ΈπŸ‡¬ Minterest Heads to TOKEN2049

The **Minterest team** is attending TOKEN2049 Singapore this week to discuss DeFi lending and protocol design innovations. Key attendees include: - @kynchaturvedi - @JamieGilbo1 The team is focused on **engaging with global players** and building lending infrastructure for tokenized real-world assets. They're actively seeking connections and conversations about the future of DeFi lending protocols. *Want to connect? DM them directly at the event.*

SEC Signals DeFi-Friendly Innovation Exemption

The SEC has proposed new rules at their June 9 crypto round-table that could significantly benefit decentralized platforms. The innovation exemption would: - Remove broker/dealer requirements for code-based protocols - Protect developers from smart contract liability - Accept on-chain transparency for compliance - Offer conditional relief during technology proving period This regulatory shift could provide U.S. builders with legal clarity while maintaining DeFi's core benefits. **Minterest** demonstrates alignment through: - In-protocol liquidations via Solvency Engine - 100% fee distribution to stakers - Deployment on Mantle, Taiko & Morph networks [Learn more about compliant DeFi](https://minterest.com)

Minterest Updates: Rewards, Seasons, and Opportunities

**Key Updates:** - Minterest users who supplied $mETH can now claim $EIGEN rewards - Season 1 of methamorphosis is ending soon - Time-sensitive opportunities: - mETH Protocol Methamorphosis S1 - Mantle Rewards Station x $COOK - Rewards distributed for: - Mantle Rewards Station x Skate: 5M Ollies Raffle - Mantle AI Fest: Next Phase - Last chance to earn exclusive badges: - mETH Explorer - Emoji Enthusiast - mETH Guru - mETH Advocate - Upcoming: Final phase of Mantle AI Fest with 100k $MNT prize pool **Remember:** Only click links from official accounts for security.

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