Topic: Multi-Chain Lend is a non-custodial lending protocol on BSC with flash loans - page 2. (Read 729 times)

Any video ama with the team?

MCL v2 Features

Multiplier is proud to announce new features for Multi-Chain Lend (MCL) v2 which is expected to launch by Q3 2021!

After launching MCL v1 in late February 2021, the MCL protocol has since grown to over 40 million in cross-chain TVL.
Additionally, we have accomplished phase 1 of our Q2-Q3 Roadmap (https://multiplierfinance.medium.com/new-q2-q3-roadmap-7737e3a4bfe), which focused on synergic goals such as the onboarding of new collateral assets, integration of new wallets, and strategic collaborations with leading players in the space.

Today, the Multiplier team is excited to present new features of MCL v2, inspired from community feedback as well as some features from leading protocols!
The new MCL v2 is part of a continuous upgrade aimed to unlock greater value in DeFi and to give our users a more seamless experience.

MCL v2 Features

Adjustment of Fees
Various protocol fees have been adjusted in v2, such as the removal of loan origination fees, and the reduction of flash loan fees.
Fee adjustments were based on market feedback as well as with new deflationary mechanisms in mind.

New Deflationary Mechanisms
Various protocol fees will now be burned, including flash loan fees and cross-chain conversion fees. These fees will now be burned in bMXX, or used to buy bMXX to be burned.
Additionally, revenue generated from our liquidation bot will be used to buy and burn bMXX.
This is the first time bMXX will adopt deflationary burn mechanisms, ensuring a healthier ecosystem in the long-term. Previous burns were done in MXX tokens only.

New Lender & Borrower Incentives
MCL, inspired by Aave, is a lending protocol originally conceptualized to forgo lending and borrowing rewards/emissions.
V2 will now include new lender and borrower incentives — lenders who deposit stablecoins, and borrowers who loan BTC, ETH and BNB will now receive bMXX daily.

Increased Governance Incentives
The current governance incentives of 400 bMXX shared daily among stakers will be increased threefold to encourage greater governance participation.

New Dark Mode UI
V2 will include a Dark Mode option. Users may toggle between Dark Mode and Light Mode in the new v2 UI.

New Collateral Swap Feature
Multiplier will be integrating with PancakeSwap to bring the swap feature to the platform. Users will have the ability to swap their deposited assets to other assets.

New Collateral Repayment Feature
Multiplier V2 will allow users to repay their debt/loans with their deposited collateral.

New Batch Flash Loan Feature
Flash-borrowers could only borrow one currency at a time with MCL V1. Batch Flash Loans will allow developers to execute a Flash Loan with multiple assets inside the same tx.

Debt Tokenization
In MCL v2, borrowers will receive receipt tokens that represent their debt. This debt tokenization allows borrowers to manage their debt positions from their cold wallets.

Stable & Variable Rate Borrowing
With V2, borrowers can have both a stable borrow position and a variable borrow position at the same time, with the same underlying asset, from the same wallet. This gives borrowers more options and flexibility for their loan position, and borrowers are still able to switch between the variable and stable rate at any time.

MCL v2 Cardano
Multiplier will release v2 on Cardano Chain after deploying v2 on Binance Smart Chain.
MCL v2 will exist on both blockchains.

Thank you for your support!
More details on each new feature can be explored in our new upcoming litepaper.
*Some MCL v2 protocol designs are architected and forked based on Aave v2.



🗣️AMA with
@MultiplierMXX
 in
@Helmet_insure
 TG Group📈📈📈

https://twitter.com/helmet_insure/status/1412765627668832258?s=21

13 millones

Do depositors receive bMXX tokens? Is there an info page about the tokens distribution?

What is the maximum supply of BMXX?

Now the problem is that everyone is talking about centralized and decentralized comparisons on cost,,, but nobody is talking about what people REALLY care about and that is safety and confidence.

Talk about Defi rugpulls and why they happen all the time and again with the same teams behind them. Why? There is no accountability in defi and not even a need to PROVE the decentralization (which is often not even true!).

Flash loans may also be used to:

Arbitrage:
Traders can make money by looking for price discrepancies across a number of different exchanges. Say two markets are pricing pizzacoin differently. It's priced at $1 on Exchange A and $2 on Exchange B. A user can use a flash loan and call a separate smart contract to buy 100 pizzacoins for $100 at Exchange A, then sell them for $200 at Exchange B. The borrower then repays the loan and pockets the difference.

Collateral swaps:
Quickly swapping the collateral backing the user's loan for another type of collateral.

Lower transaction fees:
In a sense, flash loans roll what would normally take several transactions into one. Each transaction costs a fee so flash loans potentially mean lower fees.

In general, every transaction requires a fee, although it is very small but nothing is free for every transaction on any platform, so I think this kind of thing should be understood more and not be asked.

DeFi protocols VS CeFi platforms

The crypto lending market is constantly developing! But let’s try to figure out why that is. Why are decentralized financial protocols better than centralized ones when it comes to lending?

CeFi platforms (both virtual and traditional) work on the same principle as most banks. In fact, banks are CeFi platforms by nature. They hold deposited assets, sometimes lending them to third parties, which ensures profit for the depositor, and a loan to the borrower. On paper, this model sounds good enough, but in reality we are stuck with a number of issues such as embezzlement, hacks, artificially low balling interest rates, etc.

DeFi protocols can, on the other hand, allow users to become lenders and borrowers in a decentralized system, and have full control over their money. This has become possible thanks to smart contracts that function on open blockchain solutions, such as Ethereum. In contrast with CeFi, decentralized platforms can be used by anyone anywhere, without the need to submit personal data to a central authority, wait for it to process the data or go through tedious bureaucratic procedures.

As you can see, DeFi solutions are much more attractive.

It is these solutions that will grant the opportunities that users from all over the world need. We are striving towards this very goal: to give people the opportunity to lend and borrow securely, wherever they need it, as well as to make their assets work harder!

In governance staking, one tx you'll claim all the rewards.



It's the governance token for Multiplier.


https://app.alpacafinance.org/farm << Leverage farm bMXX-BNB LP + Auto compound (Get bMXX , BNB when close position) 🔥🔥🔥🔥🔥
https://mcl.multiplier.finance/governance/staking << stake bMXX get bMXX & voting power🔥🔥🔥🔥
https://pancakeswap.finance/farms << stake bMXX-BNB LP get CAKE 🔥🔥🔥
https://apeswap.finance/farms << stake bMXX-BNB LP get BANANA 🔥🔥🔥
https://app.wault.finance/bsc/index.html#farm << stake bMXX-BNB LP get WEX 🔥🔥🔥
https://autofarm.network/ << stake bMXX-BNB LP Auto compound get bMXX-BNB LP 🔥🔥
https://app.beefy.finance/ << stake bMXX-BNB LP Auto compound get bMXX-BNB LP 🔥🔥

 If I want to calim all the rewards I have on the governance which will be the fees? Will it be one transaction for every token?

Secure I do not know but unique,,, maybe.

But correct me if I am wrong guys but are flash loans just a way to try and make quick money like gambling/trading? I mean you borrow and pay back almost within minutes right? Which is how defi people got famous last year flash loaning and draining all the assets of the lenders?

Can OP explain:)

What is Passive Income?

Do you know what passive income is? This income is independent from your daily activities. This includes interest from bank deposits, dividends, rental payments, royalties from intellectual property or patents. This kind of income doesn’t require you to take daily actions (as opposed to a paycheck that you have to earn).

There are many ways to secure passive income. The most common is a bank deposit, however, in this case the yields will be minimal.
We are creating new passive income options for the Multi-Chain Lend (MCL) project community. This means that our project allows your money to make money. You may ask, what kind of money and where does the profit even come from? Let’s find out!

Multi-Chain Lend (MCL) is an algorithmic money market system designed to bring secure and unique lending and borrowing opportunities like flash loans onto the Binance Smart Chain. Let’s keep in mind that DeFi profits from the fees paid by the end user. In the case of lending protocols and capital markets, however, profit is mostly derived from the interest on loans. In other words, the amount of money people are ready to pay to get access to capital constitutes the profit.

In one of the previous posts we compared Multi-Chain Lend to Aave. According to Token Terminal, the amount of interest generated by just the first version of Aave has reached $250,000 per day, and the total profits to $12.5 million. This means that lenders — the liquidity providers — have earned almost $90 million in a year.

With the launch of the upcoming Multi-Chain Lend v2, Multiplier aims to replicate their success with great new features with higher borrowing and lending incentives. Do stay tuned to the v2 launch!
Multiplier will launch MCL v2 by Q3 2021 with new and exciting features!

Website: https://multiplier.finance
Telegram: https://t.me/themultiplierio
Twitter: https://twitter.com/MultiplierMXX
Discord: https://discord.gg/cA3bsPX

Multiplier has been audited by CertiK and Kudelski Security, with 4/7 reputable multi-sig, and with users’ assets covered by CertiKShield*.

some info here https://mcl-docs.multiplier.finance/mclv2/ in lite paper

Anyone know how to calculate the liquidation price based on the health factor?

Can I buy it already?

Where and How to Farm with bMXX?



Read further to find out! The process of farming tokens using bMXX is called liquidity farming/yield farming. This term is a shorthand for clever strategies where putting crypto temporarily at the disposal of a yield farm earns its holder more cryptocurrency.

If you are keen on being a liquidity provider, get your bMXX and BNB ready and head on over to one of the farms! Liquidity provision can be very profitable and is often a way for savvy investors to indiscriminately take profit as the price of the token goes higher. However, LPs face risk of impermanent loss, which you can read more about here.

You simply have to supply bMXX and BNB in a 50/50% ratio to start earning rewards. Below is a list of the pools you can join.

PancakeSwap
Alpaca Finance*
Helmet Insure
Beefy Finance
Wault Finance
ApeSwap
AutoFarm
Swamp Finance
xWin Finance
PrivacySwap Finance
7up Finance

*Alpaca is the only leveraged yield farm that gives up to 1.75x and can work with 100% bMXX.

Multiplier will launch MCL v2 by Q3 2021 with new and exciting features!
Website: https://multiplier.finance
Telegram: https://t.me/themultiplierio
Twitter: https://twitter.com/MultiplierMXX
Discord: https://discord.gg/cA3bsPX

Multiplier has been audited by CertiK and Kudelski Security, with 4/7 reputable multi-sig, and with users’ assets covered by CertiKShield*.

This means that the time has come for a well-thought-out long-term project from this environment to enter the market.

Thanks for your opinion!

Is multiplier the only bsc protocol with stable borrow rate?