what's monarchlend?
MonarchLend is a decentralized finance (DeFi) protocol designed for power users seeking to earn yields directly from smart contracts without intermediaries. It focuses on providing straightforward access to yield-generating opportunities in the DeFi ecosystem, emphasizing non-upgradable and decentralized mechanisms to ensure transparency and security. The protocol likely integrates with established DeFi primitives, allowing users to interact with lending, borrowing, or yield optimization strategies. By bypassing complex layers, MonarchLend aims to simplify the process for experienced users who prefer direct smart contract interactions over automated or wrapped services. Built on principles of decentralization, it supports exploration of various yield sources beyond popular protocols like Morpho, potentially including custom automation for enhanced efficiency. The project encourages community input for development, fostering collaborative growth in the DeFi space.
Monarchlend receives PaulFrambot's praise for Morpho market access, rapid features, and growing user base.
Links
x.com/monarchlendReceives positive public recognition from PaulFrambot for building direct access to Morpho markets and rapid feature deployment, with growing user base noted.
A dashboard update deploys allowing users to toggle between APR and APY metrics for viewing yield.
New feature deploys enabling market filtering by trusted vaults, launching with no default vaults and giving users complete control over which vaults and curators to track.
A new feature to rank markets by target utilization has been deployed, enabling users to identify distorted markets and pools with persistent interest.
Rebalance modal receives a fresh style update and an unspecified new feature is in development.