Spotlight on Mendi Finance: A Native Lending Protocol on Linea DeFi
Spotlight on Mendi Finance: A Native Lending Protocol on Linea DeFi
Mendi Finance is a lending protocol on Linea DeFi that provides liquidity money markets for major assets. It operates on an overcollateralized premise and offers potential earnings for DeFi users. Mendi also has a unique tokenomics model where 100% of protocol revenue is redistributed as rewards to Mendi stakers. It prioritizes the community and has plans for transition to a DAO. Mendi's lending pools have been used by projects like Chimp Exchange and Deri Protocol.
Gm Linea Fam! 馃尀 Today, as part of our Linea DeFi Voyage 馃殌 focused on lending and borrowing in DeFi, we spotlight @MendiFinance, the native lending protocol on Linea. Mendi operates on a unique flywheel mechanism 鈿欙笍 with its partner ve33 DEX, @velocorexyz.
REX Goes Live on Linea
REX, a new DeFi protocol, has officially launched on the Linea network. The platform aims to enhance liquidity accessibility for both developers and traders within the ecosystem. Key features: - New aligned liquidity layer - Built specifically for Linea's infrastructure - Seamless integration with existing DeFi protocols This launch follows the July announcement of Etherex's commitment to boost liquidity across the Ethereum ecosystem.
Linea Reinforces Ethereum Equivalence with Technical Deep Dive
Linea outlines its approach to maintaining Ethereum equivalence through four key pillars: - Direct EVM arithmetization delivering 3x better performance without zkVM - Vortex, a custom STARK-based prover enabling near real-time proofs - Full upgrade parity with Ethereum by September (Prague/Electra support) - Ethereum-aligned tokenomics with 20% of gas revenue burning ETH The L2 solution aims to prevent ecosystem fragmentation while preserving Ethereum's role as a unified execution platform. Developers benefit from seamless deployment without rewrites or additional audits. [Learn more about Linea's Ethereum-first approach](https://linea.build/blog/linea-is-ethereum)
Linea Teases Native Yield Feature for ETH Assets
Linea, the zk rollup solution, has announced an upcoming Native Yield feature that will enable ETH holders to earn staking rewards directly through deposits. The update includes: - Protocol-level ETH burn mechanism - Ecosystem fund managed by ETH native consortium - Native staking rewards for ETH deposits This development aims to maximize asset efficiency within the Linea ecosystem. More details about the implementation and launch timeline are expected to be announced soon.
Linea Partners with Consensys and NileExchange to Launch New DEX
Linea, the Ethereum-aligned layer 2 solution, announces a significant partnership with **Consensys** and **NileExchange** to develop a new decentralized exchange (DEX). This initiative aims to enhance liquidity across both Linea and Ethereum ecosystems. Key developments: - ZK-rollups becoming mainstream for Ethereum scaling - Growing treasury company emergence - Increased on-chain activity Linea continues its expansion following its earlier integration with Kontos, offering users reduced transaction costs and improved scalability through its zkEVM rollup network.
Boundless and Industry Leaders Unite to Advance Cross-Chain Communication
A significant development in blockchain infrastructure is taking shape as industry leaders collaborate with Boundless to enhance cross-chain communication using ZK proofs. - The initiative aims to create a universal language for cross-chain interaction - Focus areas include scaling solutions and interoperability improvements - ZetaChain integration enables cross-chain applications, including native BTC functionality This collaborative effort represents a strategic move toward more seamless blockchain connectivity and improved scalability across networks. *Learn more about the technical implementation at* [Boundless](https://boundless.xyz)