eOracle Voted in as the Primary Oracle for Mendi Finance
After a near unanimous DAO vote by their community, Mendi Finance is now secured by the largest oracle network; eOracle, secured by 130 validators & $12B+ staked ETH. eOracle now delivers decentralized data feeds to the Mendi lending platform, currently securing $36M+ in TVL.
Introducing Mendi Finance
Mendi Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. It is a permissionless, open source protocol serving users on Linea. Users can deposit their assets and use them as collateral and borrow against them.
The platform provides detailed analytics to generate personalized insights and real-time recommendations to optimize their user’s spending, maximize their savings and grow their investments. Mendi Finance also offers secure, seamless connectivity with banks and financial institutions, ensuring users have a complete view of their financial health in one place.
The Mendi Finance Platform offers 4 main services; Lending/borrowing, market data, staking/earning and personal portfolio management options.
You can explore the Mendi platform here
eOracle Chosen by the Mendi Community, For the Community
Aligning with the core decentralized principles of blockchain technology, eOracle have been voted to be integrated by the Mendi community replacing Chainlink as Mendi’s primary oracle provider near unanimously, with a weighting of 99.98% (4M+ MENDI), currently securing $36M+ of TVL.
You can find the link to the DAO vote here
eOracle: A Pioneer in the Oracle Landscape
eOracle is the most decentralized oracle network secured by 168,000+ stakers, 130 validators & $12B in staked ETH and also continues to be the largest AVS on Eigenlayer. eOracle's mission is to create a competitive oracle marketplace where anyone can independently provide or consume data directly. Similar to how permissionless AMMs revolutionized DeFi, the eOracle marketplace aims to introduce new opportunities to the ecosystem by enabling users to build, provide and use data permissionlessly while leveraging the security and benefits of Ethereum.
eOracle’s pioneering vision on OVS’ (oracle validation services) represents not only a concept, but now a newly adopted evolution towards oracle solutions - which aims to make drastic steps towards making Web3 the new internet by bringing Web2 data flow specialization to the blockchain. eOracle’s makes it easier, cheaper and faster to implement a dedicated oracle solution for individual protocols, while also increasing security at the same time.
You can read more on the eOracle OVS vision and implementation here
eOracle Powering the Long-Term Mendi Mission
As aligned by the DAO during the initial voting proposal, this integration has been driven by three factors; governance participation, shaping the future of eOracle and true & fully transparent shared ownership. The decentralization and cryptoeconomic security powering the eOracle network ties into the Ethereum-aligned future that the Mendi core team has begun to implement with the Unified Liqudity Lending protocol. eOracle are committed to our joint, long term vision we both share and look forward to providing an exceptional user experience to the Mendi platform user base from now, into the far future.
We have a packed roadmap here at eOracle and some exciting developments coming up, so head to the links below to stay in the loop and contribute to our community.