2023-07-19 19:08:42
Mendi Finance Testnet (Airdrop Confirmed)
Mendi Finance is the first lending protocol on Linea
Rewards: 3,000,000 $MENDI tokens allocated for Community Airdrops
1. Faucet
- infura.io/faucet/linea
2. Swap
- Go to linea.velocore.xyz/swap
- Connect Linea Testnet
- Swap $ETH to $MENDI and $USDC
3. Supply and Borrow
- Go to testnet.mendi.finance
- Deposit $USDC as collateral in the "Supply Assets" section
- Also, borrow $USDC in the "Borrow Assets" section
4. Claim $MENDI Reward
- Go to testnet.mendi.finance/portfolio/
- Click the "Claim" button
5. Bribe USDC/MENDI LP
- Go to https://linea.velocore.xyz/bribe/0x5532951b6abA275895730A951f0EEa836a7F34ee
- Select the USDC/MENDI Pool
- Select $MENDI to Bribe
- Some Token Need 1 veVC Deposit. The deposit will be refunded upon confirmation by Velocore
- Setup Bribe distribution period
- Add Bribe
6. Liquidity Generation Event (LGE)
- Go to https://testnet.mendi.finance/lge/
- Deposit USDC to LGE
7. Claim OAT to get OG role
https://galxe.com/mendifinance/campaign/GCckAUecvv
Rewards for early adaptors (LGE Participants) :
- Participants will receive 28% more tokens than they deposit in $MENDI
- Example: $100 in USDC deposited during LGE you can claim $128 in $MENDI
- This is backed by 3.2% of the token supply
- First day depositors will share an extra 0.3% of the $MENDI token supply
- 50% of tokens earned from LGE is unlocked instantly after the end of LGE, 50% is unlocked over a yearTokenomic : https://docs.mendi.finance/tokenomics/distribution
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