Today, decentralized lending protocol Malda, in collaboration with RISC Zero, launches its incentivized testnet aimed at improving platform resilience and functionality ahead of the mainnet.
Introduction
Malda, previously known as Mendi Finance, has officially announced the launch of its incentivized testnet in partnership with RISC Zero. This testnet aims to enhance the platform’s stability and security by providing users with a more robust and safeguarded experience ahead of the mainnet launch.
Malda's Innovative Model
Malda offers a first-of-its-kind Unified Liquidity Lending model addressing market fragmentation challenges in DeFi. This allows users to perform operations seamlessly across chains, leveraging zkProofs for enhanced security. The main goal is to create a decentralized clearinghouse, significantly improving capital efficiency.
Testnet Details
The testnet will initially support Ethereum Sepolia, Linea Sepolia, and Optimism Sepolia and will run for 10 days. To participate, users can complete tasks, earn XP, and acquire NFTs. After opening the testnet for public testing, all tasks will be provided on the Galxe platform.
The testnet launch marks an important step for Malda, rebranded from Mendi Finance, with plans to expand the use of zkProofs in DeFi. Over the next year, Malda aims to provide more powerful financial services.
