More With MetaMask: Mendi Finance Snap

MetaMask is the gateway to the decentralized web, enabling you to do more. Users can connect to any dapp, on any network, from any device. From DeFi to DeSci, gaming to NFTs, and beyond: MetaMask is deeply passionate about the web3 community. The More With MetaMask Partner Series spotlights the builders who are innovating across web3. First up, Mendi Finance—creator of a MetaMask Snap that MetaMask users can add directly to their wallet for increased functionality.

Since the birth of DeFi, lending and borrowing have played pivotal roles in guaranteeing maximum capital efficiency, allowing users to HODL their assets while participating in DeFi to earn yields. However, lending and borrowing also come with risks. Amongst these is the threat of liquidation due to a lack of funds.

Users’ funds can be liquidated if their collateral is no longer sufficient to cover their loan. In the last 30 days, over $27 million was liquidated from the top 3 lending protocols alone. MetaMask has teamed up with Mendi Finance to empower users to avoid liquidation, and efficiently keep track of their financial limits.

Together, MetaMask and Mendi have created the first DeFi Snap on Linea—the Mendi Finance Liquidation alert—allowing users to lend and borrow with peace of mind. Users can manually set a borrow limit that they consider unhealthy. Once crossed, a typical Metamask notification will inform them about the nearing liquidation threshold.

By implementing a feature that should become the new standard for on-chain lending, users are given a more granular level of security in their DeFi journey.

Ready to take control of your DeFi experience? Add Mendi Finance Liquidation alert to your MetaMask Snaps to safeguard your assets and maximize your financial potential.