Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list MENDI (Mendi Finance) on May 7, 2024. The details are as follows.
List Time
1. Deposit: 03:00 on May 7 (UTC)
2. Withdrawal: 03:00 on May 7(UTC)
3. Trading pair: MENDI/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-03:50 May 7 (UTC)
Orders can be placed and canceled
03:50-04:00 May 7 (UTC)
Orders can be placed but cannot be canceled
b. Trading
04:00 May 7 (UTC)
About MENDI
Mendi Finance provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial. Similar to (and based on) existing lending platforms like Compound Finance and AAVE users will be able to lend any supported assets on Mendi Finance, and use their capital to borrow supported assets.
About Automated Market Making (AMM)
AMM is supported for the MENDI/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily.
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
May 7, 2024
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