FAQs
What is MethLab?
MethLab is a liquidation-free lending/borrowing protocol that enables fixed-rate/fixed-term positions on Mantle.
Meth stands for Mantle Staked Ether. Users can traverse through the 3D worlds of mETH Lab and MNT Station to lend/borrow/leverage on $mETH, $MNT, $USDY, and $USDT.
What are some use cases of MethLab?
- Lend/Borrow assets
- Open Non-liquidatable leverage positions
- Hedge downside risk
How to supply assets?
Refer Lending Guide.
How to borrow assets?
Refer Borrowing Guide.
What happens if the borrower does not pay back?
If the borrower does not repay, the lender takes the collateral escrowed in the smart contracts. Read more about Liquidation-free.
Is there any risk of supplying to MethLab?
Supplying to MethLab carries the risk of borrowers not repaying their loans. In which case, the collateral assets are transferred to the lender.
As for any decentralized application, there is always a smart contract risk. However, MethLab will soon be releasing all the audit and code review reports.
Does MethLab have a token?
MethLab does not have a token.
Can you close your loan before its expiry?
Borrowers can close the loan anytime by repaying the loan amount plus the interest for the full term.
My transaction is failing, what is wrong?
Feel free to share your error code in the Discord channel, and the community moderators can help.
How is MethLab better than other lending protocols?
MethLab is based upon the liquidation-free, and oracle-less architecture. It is Intent-based and built ground-up to provide a secure and simple base primitive.
Read more about this in Why.
Can I transfer my loan position?
Yes, the loan positions can be transferred using the transfer function available in the Loan contract.
Can I repay in part?
Yes, users can repay in part. Borrowers unlock a pro-rata share of the collateral based on the full repayment amount. Refer Case Study.
What are Lender Vaults?
Lenders interact with MethLab using Vaults. All lending Intents and assets are abstracted and stored in the Vaults for asset isolation and capital efficiency. Lenders' assets can be utilised in again(rollover) as loans get repaid. Assets can be isolated in multiple vaults for granular risk management and diversification.
What are playgrounds?
Playgrounds are worlds where users can enter to interact with different assets and strategies. mETH Lab lists $mETH, $USDT and $USDY, and MNT Station lists $MNT, $USDY, and $USDT.
Is MethLab audited?
Yes, audit reports are available on the Audits page. Refer our Approach to Security.
What is Reserve Price?
Refer Glossary.
What are Intents?
Refer Glossary.
What is Intent Expiry?
Refer Glossary.
What is Slippage?
Refer Glossary.