Mendi Finance

MENDI enables holders to earn passive income through staking on the platform. By staking MENDI, users receive a derivative token, sMendi, which accrues a share of protocol revenues paid in MENDI, or uMendi, the equivalent with payment in stablecoins. This staking mechanism is supplemented by a bribe model, which distributes rewards to liquidity providers weekly, boosting engagement and liquidity on the platform. Mendi Finance users can also use their staked MENDI to participate in protocol governance.

Mendi Finance operates a decentralized governance model, allowing MENDI token holders to vote on key protocol changes, reward distribution, and liquidity incentives. The Mendi community can engage in voting through Snapshot and the Mendi Governance Forum.

In the Mendi ecosystem, sMENDI and uMENDI are staking derivatives of the MENDI token, each with unique reward structures and payout mechanisms tailored to different investor preferences.

1. sMENDI: for users who want rewards distributed directly in MENDI tokens. When users stake their MENDI tokens in the sMENDI pool, the protocol purchases additional MENDI from the market, which is then distributed to sMENDI holders. Additionally, participants in this pool receive a portion of the platform's weekly oLYNX rewards.
2. uMENDI: for those preferring stablecoin rewards, the uMENDI pool provides rewards in USDC rather than MENDI. MENDI tokens staked in the uMENDI pool are used to buy USDC from the market, and this stablecoin is then distributed to uMENDI stakers.

Both pools distribute rewards on a weekly basis, aligning with the Lynex epoch schedule, and have a one-week un-staking period to prevent immediate withdrawals and ensure staking consistency.