Reward Emissions and Bribes

The protocol launched on the 17th of August in 2023. The emission schedule started on the 17th of August.

  • $MENDI will be rewarded to users who lend/borrow tokens in the protocol. Emissions will take place for 3 years.

  • $MENDI reward emissions will decrease over time.

  • For liquidity, Mendi Finance will be bribing Lynex on a weekly basis. Instead of giving tokens freely to liquidity providers, Mendi Finance chose this way. Earned oLYNX will be distributed to $MENDI stakers.

  • For the first month, $MENDI supply emissions rate will be equal to the borrow emissions rate. After the first month, it will be 10-70-20% Supply-Borrow-Bribe. The rates can be adjusted via governance to keep up with the market.

Emission Schedule

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