Protecting DeFi users from liquidation

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 shines a light on builders who are innovating across web3. First up, Mendi Finance—creator of a MetaMask Snap that users can add directly to their wallet for increased functionality.

Since the birth of DeFi, lending and borrowing have been integral – allowing users to HODL their assets while participating in DeFi. However, lending and borrowing also come with risks. Amongst these is the threat of liquidation because of a lack of funds.

Users’ funds can be liquidated if their collateral is no longer sufficient to cover their loan amount. 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. Users can manually set a borrow limit that they consider unhealthy. Once crossed, Metamask will send a notification that they are nearing their liquidation threshold.

By implementing a feature that helps protect digital assets when lending, users now have 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.