What Is Mek Finance?

Mek Finance is a lending protocol that operates on the Ethereum Layer 2 network called Arbitrum. This protocol establishes a lending marketplace where interest rates are determined automatically according to the availability of assets within the pool and the demand for them. Both depositors and borrowers interact directly with the protocol, earning and paying corresponding variable interest rates.

Each type of currency market is special, having a clear and open ledger that shows all transactions and past interest rates and can be checked by anyone.

In comparison to traditional centralized lending and financial institutions, Mek Finance provides an interest rate model that is open and transparent. It also emphasizes privacy and offers the convenience of accessing real-time loans without the necessity of negotiating terms like maturity, interest rates, and collateral with other parties.