Kona DeFi Launches Waddle Lending Protocol for Pudgy Penguins Ecosystem on Abstract

@KonaDeFi has launched Waddle, a dedicated lending and borrowing protocol built for the pudgypenguins ecosystem, now live on abstractchain as of March 1, 2026.

Waddle allows users to supply, borrow, and swap across ETH, USDC, USDT, and PENGU through a consumer-focused interface designed to lower the barrier to DeFi participation. The protocol targets pudgypenguins community members and PENGU holders looking to put their assets to work without navigating complex DeFi tooling.

Context

@KonaDeFi is a full-stack DeFi protocol on abstractchain developed by KittyPunch, offering a suite of financial products including trading, lending, volatility derivatives, and yield optimization. Waddle joins an expanding lineup that also includes sister app @BlotOnInk, which offers leveraged PENGU positions. @KonaDeFi recently raised the PENGU supply cap on its lending product to 500 million, signaling growing demand for PENGU-denominated borrowing markets.

The launch also coincides with @KonaDeFi activating its fee engine tied to FROTH-based economics, which underpins the broader KONA token economy.

Waddle is accessible now via the link shared by @KonaDeFi. Users can monitor PENGU market conditions and available liquidity directly through the protocol interface.