September was nothing short of a spectacular month for Lendle and our vibrant Lendoors community. As the market saw a resurgence, we experienced significant growth across key metrics, further solidifying Lendle’s position as a leading DeFi platform on the Mantle.
In addition to the stellar performance on-chain, Lendle made its mark by participating in and hosting numerous events, both online and offline, fostering community engagement and partnerships within the ecosystem. Let’s take a closer look at September’s highlights and gear up for an even more exciting “Uptober!”
Key Metrics Update
- Total Value Locked (TVL): We maintained a robust TVL of over $26 million, placing Lendle among the top DeFi platforms on the Mantle network. This level of TVL highlights the trust users place in Lendle, as well as the platform’s long-term stability and potential for growth.
- Active Users: Our community continues to thrive, with the total number of active users surpassing 24,000. This consistent activity shows the growing adoption of Lendle’s lending and borrowing services, as more DeFi enthusiasts join our ecosystem.
- Daily Deposit Volume: In terms of deposits, the daily volume in USD has also been steady, reflecting users’ confidence in contributing liquidity to the platform. This stability is vital for the long-term sustainability of the lending and borrowing markets on Lendle.
Lendle x Mantle Mission Season 2: A Big Success
In September, we launched the Lendle x Mantle Mission Season 2, an engaging campaign that brought the community together for a mix of social and on-chain tasks. A total of 15,000 $MNT was awarded to winners, encouraging even deeper engagement with Lendle and the Mantle ecosystem.
This was the second time we hosted this campaign, and the positive feedback from participants has been overwhelming. By blending both off-chain social tasks (like sharing content and spreading the word about Lendle) and on-chain activities (such as making deposits or borrowing assets), we successfully bridged community engagement with actual DeFi use cases. We hope all participants had as much fun as we did!
September: The Month of Networking and Events
September wasn’t just about metrics and rewards — it was a key month for building relationships and expanding Lendle’s network within the broader DeFi space.
- Token2049: One of the premier crypto events of the year, Token2049, was a highlight for Lendle in September. Our team was present to meet with leaders from across the blockchain industry, forging connections that will help Lendle continue its upward trajectory. In case you missed it, we’ve already shared a detailed recap of our experience at Token2049, but we can’t emphasize enough how important this event was for expanding our horizons.
- DeFi Happy Hour: Partnering with Semiotic Labs, Odos Protocol, and The Graph, we co-hosted a DeFi Happy Hour event, which turned out to be a fantastic opportunity for DeFi enthusiasts to come together, discuss innovations, and enjoy the true spirit of decentralized finance. These meetups serve as a crucial platform for strengthening community bonds and fostering collaborative projects within the DeFi ecosystem.
- Mantle Network Events: Last but not least, we participated in a range of Mantle ecosystem events, which allowed us to meet many prominent builders and OGs working on Mantle. These events helped strengthen relationships with key players in the space, many of whom are now valued partners of Lendle. By being actively involved in the Mantle ecosystem, we are positioning ourselves as a core player in its development.
Platform Improvements for a Better User Experience
To enhance the overall user experience, we made some important technical improvements to the Lendle platform in September:
Transition from $WMNT to $MNT: One of the most significant changes was the switch from using wrapped $WMNT to native $MNT tokens. This shift streamlines the user experience, making it easier for users to supply liquidity, borrow assets, and interact with other protocols in the Mantle ecosystem. By simplifying the token interface, we aim to reduce friction for users and encourage broader participation in Lendle’s lending markets.
What’s Coming in October?
Looking ahead to October, we have some exciting initiatives and developments in store for our loyal Lendoors community:
- Special Rewards for Loyal Active Lendoors: We believe that our most valuable asset is our loyal, active community members, and we plan to show our appreciation in a big way. Stay tuned for some exclusive rewards and surprises that are specially designed to recognize your continued support and participation on the platform. Expect to be pleasantly surprised with what we have in store!
- New Role System and Reward Mechanism: We’re also excited to announce the launch of a new role system and reward mechanism that will offer more structured and fair rewards for Lendoors. This new system will ensure that the rewards you receive are proportional to the effort and contributions you’ve made. With this revamped system, we’re confident that the experience will be even more rewarding for everyone involved.
