It’s finalized❗️ 📣Mendi Finance’s Liquidity Generation Events will take place from July 18th, 7am & end on July 21st, 1pm GMT Mark your calendars!🗓️ Deposit USDC & earn +28% on your investment in $MENDI 🏔️🪙 Here's what it's all about & how to participate👇 #MendiLGE

What is the Liquidity Generation Event (LGE)?🤔 LGE is DeFi’s most inclusive method of token distribution, allowing anyone to become early investors of a protocol. Objectives: 💧Secure initial liquidity for Mendi 🪙Determine $MENDI price 💜Reward early adopters

How does it work? It’s as simple as: 💵You deposit USDC to Mendi Finance ⬆️We add allocate 3.5% of total token supply to add a bonus to your deposited funds 🎉Once the LGE ends, you can mint yourself $MENDI. 28% more than what you deposited!

👉Example: Deposit $1000 USDC. At end of LGE, you're eligible to claim $1280 in $MENDI! 🪙50% of your $MENDI is claimable instantly, while other 50% unlocks over a year. 🔐50% lock period to ensure that price of $MENDI will stay stable after LGE bonuses have been distributed.

⚖️We deem the LGE the fairest fundraising & token distribution method in DeFi, as everyone has the same opportunity to get their hands on $MENDI for the first time.

What’s in it for us?🤔 Through the LGE, we’ll reward early users & establish initial liquidity that allows the Mendi lending protocol to function⚙️ 💧All funds raised through LGE is paired with an additional 2.5% of total $MENDI supply to create a MENDI/USDC LP on .@velocorexyz

MENDI/USDC LP will be staked on Velocore, & has a few key functions: 🔁Liquidity to swap to & from $MENDI 🤝Profit sharing of Velocore’s LP yields to $MENDI stakers 💰LP will be bribed (20% of all $MENDI emissions) to increase its yield, securing even higher yield for stakers!

🚀We’re excited to finally kick-start Mendi Finance’s journey in the DeFi world! The LGE is right around the corner!👇 🗓️July 18th, 7am - July 21st, 1pm GMT🗓️

🚨IMPORTANT UPDATE🚨 As of July 18th, the LGE has been postponed. Linea is making another major audit on their ERC20 smartcontracts' security! Expect the official LGE to happen in the upcoming weeks

@LineaBuild 🔥 🔥

#MendiLGE LFG