Introducing Lendle

Empowering the Future of Lending on the Mantle Network
4 min readJul 12, 2023

In the fast-paced world of decentralized finance (DeFi), innovation is the driving force behind the success of any ecosystem. As the DeFi landscape continues to evolve, we are proud to announce Lendle, an innovation-driven, decentralized and non-custodial liquidity market built on the Mantle Network. Lendle aims to bring a new level of innovation to the lending and borrowing experience by creating new and exciting features on top of existing lending paradigms.

Benefits of Lendle’s integration

At Lendle, we firmly believe that lending and borrowing protocols are the backbone of a well-functioning DeFi ecosystem. These protocols empower users to make the most of their cryptocurrencies, allowing them to engage in complex financial strategies and acting as a catalyst that promotes further participation within DeFi.

In line with this vision, we are committed to bringing a new wave of innovation to the lending and borrowing landscape. Our goal is to develop a new generation of DeFi features, building on the foundation laid by giants like Aave and Geist. By participating in the Mantle Network, we seek to play a pivotal role in the network by expanding the services offered by our platform, bringing a new level of features to the world of decentralized finance.

Over time, we plan to innovate on the current state of DeFi by:

  1. Making use of excess liquidity by providing this to DEXes to reduce swap fees;
  2. Creating isolated lending opportunities, so as to be able to list exotic tokens without risking bad debt in the rest of the market;
  3. Offering an undercollateralized lending feature;
  4. Working on integrating an improved VeTokenomics-style lock model to align user interactions and incentivize sticky liquidity.

We believe that by providing users with a wider range of options for lending and borrowing, we can help to further incentivize the growth of DeFi, building a more resilient and sustainable financial system that benefits everyone.

With many years of experience in the cryptosphere and with a multidisciplinary background of competences, our team is dedicated to this mission, and we will continue to push the boundaries of what is possible in DeFi.

Why Lendle chose the Mantle Network

One of the key reasons we chose to build on the Mantle Network is its integration of EigenDA technology. EigenDA is a decentralized data availability layer that will help the Mantle Network to reach the goal of reducing L2 transaction fees. With EigenDA, Lendle users can rest assured that their looping of lending and borrowing transactions will be as economic as possible.

In addition, the Mantle Network also embraces optimistic rollups, a layer 2 scaling solution that significantly improves the scalability and throughput of the blockchain. This will enable Lendle users to achieve a high volume of transactions quickly and cost-effectively, ensuring a seamless user experience even during times of peak blockchain activity.

Moreover, the strength and legitimacy of the Mantle Network is further bolstered by the organization creating the blockchain, Mantle Ecosystem (prev. BitDAO). Mantle Ecosystem, renowned in the industry and characterized by its commitment to advancing the development and adoption of blockchain technology, brings extensive industry knowledge, expertise, network and goodwill to the table. Mantle Ecosystem’s involvement not only lends a strong foundation to the Mantle Network but also signifies an underlying commitment to fostering innovation and growth within the DeFi space.

Lendle also values the power of a thriving community. In these regards, the Mantle Network boasts a vibrant and engaged community of builders and developers, fostering collaboration and knowledge-sharing. This collective effort is instrumental in driving the space forward and propelling innovation. We are proud to be part of such a dynamic and supportive community, which would not have been possible without the Mantle Network’s user-first approach.

In fact, with transparency and openness, the Mantle Network team actively supports builders like us, providing the necessary resources and assistance to turn ideas into reality. The dedication of the team and their commitment to empowering innovation make the Mantle Network an ideal choice for Lendle.

Furthermore, our existing and long-standing connections with other builders on the Mantle Network, such as the team behind FusionX, present exciting opportunities for collaboration and synergy. By working together, we can push the boundaries of DeFi and create a stronger, more interconnected DeFi ecosystem that benefits users and builders alike.

In conclusion, Lendle is poised to revolutionize the lending and borrowing experience within the DeFi landscape. Built on the Mantle Network, Lendle will bring a new level of innovation to the world of decentralized finance. With a strong foundation backed by EigenDA technology, optimistic rollups, Mantle Ecosystem (prev. BitDAO), a thriving community, and the support of the Mantle Network team, Lendle is set to become a leading lending market, empowering users to unlock the full potential of DeFi.

Join us on this exciting journey as we shape the future of lending on the Mantle Network. Together, we can create a more inclusive and accessible financial ecosystem that revolutionizes the way we interact with and leverage our crypto assets. Stay tuned for more updates and be ready to experience Lendle’s innovation on Mantle Network.