Malda Testnet: Unified Lending Across Ethereum and Layer 2s
Malda (formerly Mendi Finance) has launched its testnet, introducing a innovative approach to DeFi lending. By unifying liquidity pools across Ethereum and Layer 2 networks, Malda streamlines lending and borrowing.
About Malda
Malda addresses DeFi market fragmentation by consolidating liquidity from Ethereum and L2 networks into one platform. Key features include:
– Unified Liquidity Pools: Access global asset pools without switching chains.
– Seamless Experience: Manage assets across multiple chains via one interface.
– Enhanced Security: Zero-knowledge proofs ensure secure, private transactions.
– Advanced Risk Management: zkML models enable transparent, on-chain risk assessments.
Testnet Highlights
Malda’s testnet, co-hosted with RISC Zero, offers:
– Platform Engagement: Interact with lending and borrowing features on Ethereum Sepolia, Linea Sepolia, and Optimism Sepolia.
– Earn Rewards: Complete tasks and challenges to earn XP and qualify for NFTs.
– Claim NFTs: Earn “Awakening” NFTs in three tiers, each with different community access and future benefits.
How to Participate
- Access Testnet: Visit [testnet.malda.xyz](https://testnet.malda.xyz/) to start.
- Complete Tasks: Engage in tasks and challenges to earn XP.
- Claim NFT: Based on participation, claim your “Awakening” NFT for future perks.
Impressive Metrics
In its initial 10-day campaign, Malda achieved:
– 89,000+ Wallets connected.
– 1.5M+ Transactions executed.
– 2T+ zkProof Cycles generated.
Looking Ahead
Malda’s approach positions it as a potential leader in DeFi lending. By unifying liquidity and enhancing security, Malda aims to offer a efficient and user-friendly experience. Stay updated and participate in the testnet to be part of this journey.
