The year 2024 marked significant breakthroughs in the development journey of Lendle. Not only did we build a great product, but we also fostered a community — a family of people who love and support Lendle.
2024: A Year of Milestones
In 2024, the Lendle team focused on enhancing our Dapp to maximize user experience, enabling us to achieve remarkable milestones:
- TVL (Total Value Locked): Reached an all-time high of over $41M, consistently maintained between $25M and $40M, and remained among the top lending protocols with the highest TVL on Mantle.
- Total Loan Originations: Continuously grew over time, surpassing $414M.
- Active Users: Exceeded 44,000 active users after just over a year of development, with an impressively high rate of loyal users.
- Daily Deposits: Maintained steady inflows, averaging $5M per day, with peak days reaching up to $80M.
Diversifying Options for Users
Lendle stands out as a Dapp that frequently updates its offerings with the most prominent and exciting assets on Mantle, allowing users to explore and enjoy new opportunities. Over the past year, many noteworthy assets were introduced, including mETH, cmETH, AUSD, and sUSDe, among others.
With these diverse options, users can craft and refine their own strategies to maximize profits. Additionally, through Lendle and its asset offerings, users can participate in other Mantle events, such as the Methamorphosis seasons, enabling them to further enhance their earnings while fully immersing themselves in the Mantle ecosystem.
A Year of New Events and Exciting Rewards for Loyal Users
In 2024, we dedicated significant effort to brainstorming and organizing events for our users. These events not only allowed users to enjoy and gain a deeper understanding of Lendle but also gave them opportunities to win substantial rewards.
Throughout the year, Lendle hosted three seasons of the Lendle x Mantle Mission, distributing a total of 90,000 $MNT in rewards. Additionally, over 100,000 $LEND was allocated to supporters of Mantle during the Mantle DeFi Fest and Mantle Yield Lab.
The growing number of participants across each season of the Lendle x Mantle Mission highlights the strong support from our community. This encouragement serves as a powerful motivation for us to continue our journey, crafting more events to deliver even better experiences for you.
Amazing Friends on Mantle
We would not have achieved our success today without the incredible support of our friends on Mantle and the outstanding projects within the ecosystem. Some of the notable names include Speicherx, LBrian, Gabe, Veer, PotatoJuice,etc as well as Agora, Odos, 1Delta, Cleopatra DEX, Merchant Moe, SolvProtocol, Circuit Protocol,etc and many more we cannot fully list here.
Thank you all so much for your unwavering support and collaboration throughout Lendle’s development journey.
A Heartfelt Thank You and a Look Ahead
We know that this brief recap cannot fully capture the efforts of the Lendle team, the achievements we’ve made, or the love and support you’ve shown us throughout 2024.
This year brought its share of challenges, but through unity and determination, we overcame them in spectacular fashion. Once again, we want to extend our deepest gratitude to all of you — our loyal fans. You are Lendle’s most valuable asset.
Let’s look ahead to 2025 with the promise of even greater success and more extraordinary experiences.
Together, we will make real yield great again!
