At a glance
Mendi key facts
| Type | Decentralized lending protocol |
|---|---|
| Network | Omni testnet |
| Live funds | No real transactions or funds involved |
| Token | MENDI rewards are shown in the app |
| Updated |
Mendi FAQs
Can you lend or borrow real crypto on Mendi?
No. Mendi’s app states that it operates on a testnet and that no real transactions or funds are involved. Don’t send real assets to testnet markets.
Does Mendi charge fees or pay real yield?
The app displays supply and borrowing rates, plus MENDI reward rates, but these are part of a testnet experience. Fees and rates for any live service are not established here.
What does Mendi do?
The app describes a decentralized lending protocol where users can supply assets and borrow against collateral. Its current testnet warning means you should not treat those functions as live financial services.
Compare
Mendi alternatives
Aave offers open crypto lending and borrowing, but variable rates, gas costs and liquidation risk make it best for informed DeFi users.
Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.
Compound V3 offers variable-rate crypto lending across several networks, but market terms and liquidation risks require close checking.
Aave V4 offers non-custodial lending and collateralized borrowing, but rates vary and smart-contract, market and liquidation risks remain.
Euler V2 offers configurable lending markets across many chains, but check each vault’s rates, liquidity and liquidation rules before depositing.
Morpho Blue offers non-custodial lending markets and curated vaults, but rates change and supplied assets face smart-contract, oracle and market risks.
Same category
More Lending dApps
SparkLend offers governance-set on-chain borrowing rates, but check each market’s live terms and liquidation risks before supplying collateral.
Morpho offers variable-rate and fixed-term lending plus curated vaults, but check each product’s fees, terms and risks before depositing.
Euler offers flexible crypto lending and market-building tools, but check each market’s fees, collateral rules and risks before depositing.
Nolus offers fixed-rate, asset-backed spot margin, but check live borrowing costs and liquidation terms before using leverage.
Dolomite offers multi-network lending, borrowing, swaps and strategies, but variable rates, liquidation and contract risks call for care.
NAVI offers variable-rate lending and collateralized borrowing on Sui, but users must weigh liquidation, smart-contract and liquidity risks.
Same chain
More on Linea
Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.
Uniswap V3 offers wallet-based token swaps and concentrated liquidity, but check pool fees, gas, execution risks and price-range exposure.
Uniswap v4 offers multichain swaps and customizable pools, but check each pool’s fees, hook behavior and risks before trading.
Sablier Lockup offers flexible on-chain token vesting, but check its fees, supported network and contract risks before funding a stream.
Bitget combines crypto trading tools with other asset products, but check fees, local access and custodial risks before depositing.
dRPC offers managed multichain RPC and self-hosted tools; verify plan limits and security terms before relying on it for production traffic.
How we checked
Sources
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