Any cex listing in this year? This project deserves it. Great project need more user base.
Hello! Plz follow our news
Topic: Multi-Chain Lend is a non-custodial lending protocol on BSC with flash loans - page 4. (Read 745 times)
July 01, 2021, 12:13:51 AM
Hello! Plz follow our news
June 30, 2021, 02:12:47 PM
How does the liquidation works?
Click liquidation in the platform. Youll see options to liquidate whenever there are liquidation opportunities available.
June 30, 2021, 11:12:46 AM
How does the liquidation works?
June 29, 2021, 11:07:34 PM
Can DeFi Disrupt the Traditional Banking Business?
What is “DeFi” anyway?
DeFi is an umbrella term which stands for “decentralised finance”. It describes a variety of financial applications in the crypto-sphere built towards the aim of disrupting and replacing financial intermediaries such as banks. In a nutshell, DeFi users have the ability to transfer, trade, invest and borrow crypto-assets, all done via peer to peer using ‘smart contract’ functionalities. As of the beginning of 2020, the exponential growth of DeFi has exploded from a Total Value Locked (TVL) of US$0.7 billion to nearly US$60 billion at the time of writing.
The Nuts and Bolts of DeFi
Most DeFi applications (dApps) are currently built on top of the Ethereum and Binance blockchains. Cardano and Polkadot are two other fast-developing currencies with smart contract capabilities.
Alternative blockchains with smart contract technologies such as Cardano further reduce costs, increase speed and assist towards scalability since its programming language Plutus are more accessible for developers. In addition, the code builder initiative of Cardano’s Marlow will enable its users with no technical IT knowledge such as myself to build their own smart contacts! How cool is that?
Central and a critical component of any financial ecosystem is undoubtedly money. Whilst Bitcoin, the number one and king of cryptocurrency per se is decentralised, it is highly volatile and has limited programmable functionality. Stablecoins such as USDT and DAI counters this existing problem as they are pegged to the US dollar and are backed by crypto collateral that can be viewed publicly on the Ethereum blockchain.
As DAI is said to be over-collateralised, what that means is that even if the price of Ethereum becomes extremely volatile, the value of the locked Ethereum backing the DAI stablecoin in circulation will remain at 100%. This is how such stablecoins is deemed as a good form of money for DeFi services.
Finally, DeFi has been viewed as a method to increase financial transparency, reduce fees and counter financial discrimination.
Multiplier’s Multi-Chain Lend (MCL) Protocol
Protocols such as Multiplier’s Multi-Chain Lend (MCL) lending and borrowing platform allow its users to take on a role once exclusively occupied by financial institutions such as banks. Lenders on MCL typically receive an annual percentage yield (APY) in excess of 10%, with loans distributed through MCL’s in-house algorithms and obtained from a pool instead of being individually matched to a lender like traditional P2P lending methods.
The interest rate charged is set in accordance to the “utilisation rate” of the assets in a pool. If all existing crypto-assets in the MCL pool are used, the interest rate will be set high to entice other liquidity providers to deposit more capital. If nearly no assets in a pool are used, the interest rates will be low to entice more borrowing.
MCL v2 is expected to be released very soon. Do stay tuned to that!
Potential to Disrupt the Banks
A World bank study highlighted an estimated 1.7 billion adults without access to banking services. DeFi and protocols such as MCL are well-positioned to reach this untapped market. This is made possible with its permissionless and accessible capabilities from anywhere globally requiring just a device and an internet connection.
MCL provides a viable option for rural inhabitants who may also be excluded from traditional finance, or find it to be uneconomic to be ‘banked’ as we know it. DeFi in general can also offer seamless speed and scale, exemplified by the exponential growth in its TVL since the beginning of 2020.
Website: https://multiplier.finance
Telegram: https://t.me/themultiplierio
Twitter: https://twitter.com/MultiplierMXX
Discord: https://discord.gg/cA3bsPX
What is “DeFi” anyway?
DeFi is an umbrella term which stands for “decentralised finance”. It describes a variety of financial applications in the crypto-sphere built towards the aim of disrupting and replacing financial intermediaries such as banks. In a nutshell, DeFi users have the ability to transfer, trade, invest and borrow crypto-assets, all done via peer to peer using ‘smart contract’ functionalities. As of the beginning of 2020, the exponential growth of DeFi has exploded from a Total Value Locked (TVL) of US$0.7 billion to nearly US$60 billion at the time of writing.
The Nuts and Bolts of DeFi
Most DeFi applications (dApps) are currently built on top of the Ethereum and Binance blockchains. Cardano and Polkadot are two other fast-developing currencies with smart contract capabilities.
Alternative blockchains with smart contract technologies such as Cardano further reduce costs, increase speed and assist towards scalability since its programming language Plutus are more accessible for developers. In addition, the code builder initiative of Cardano’s Marlow will enable its users with no technical IT knowledge such as myself to build their own smart contacts! How cool is that?
Central and a critical component of any financial ecosystem is undoubtedly money. Whilst Bitcoin, the number one and king of cryptocurrency per se is decentralised, it is highly volatile and has limited programmable functionality. Stablecoins such as USDT and DAI counters this existing problem as they are pegged to the US dollar and are backed by crypto collateral that can be viewed publicly on the Ethereum blockchain.
As DAI is said to be over-collateralised, what that means is that even if the price of Ethereum becomes extremely volatile, the value of the locked Ethereum backing the DAI stablecoin in circulation will remain at 100%. This is how such stablecoins is deemed as a good form of money for DeFi services.
Finally, DeFi has been viewed as a method to increase financial transparency, reduce fees and counter financial discrimination.
Multiplier’s Multi-Chain Lend (MCL) Protocol
Protocols such as Multiplier’s Multi-Chain Lend (MCL) lending and borrowing platform allow its users to take on a role once exclusively occupied by financial institutions such as banks. Lenders on MCL typically receive an annual percentage yield (APY) in excess of 10%, with loans distributed through MCL’s in-house algorithms and obtained from a pool instead of being individually matched to a lender like traditional P2P lending methods.
The interest rate charged is set in accordance to the “utilisation rate” of the assets in a pool. If all existing crypto-assets in the MCL pool are used, the interest rate will be set high to entice other liquidity providers to deposit more capital. If nearly no assets in a pool are used, the interest rates will be low to entice more borrowing.
MCL v2 is expected to be released very soon. Do stay tuned to that!
Potential to Disrupt the Banks
A World bank study highlighted an estimated 1.7 billion adults without access to banking services. DeFi and protocols such as MCL are well-positioned to reach this untapped market. This is made possible with its permissionless and accessible capabilities from anywhere globally requiring just a device and an internet connection.
MCL provides a viable option for rural inhabitants who may also be excluded from traditional finance, or find it to be uneconomic to be ‘banked’ as we know it. DeFi in general can also offer seamless speed and scale, exemplified by the exponential growth in its TVL since the beginning of 2020.
Website: https://multiplier.finance
Telegram: https://t.me/themultiplierio
Twitter: https://twitter.com/MultiplierMXX
Discord: https://discord.gg/cA3bsPX
June 29, 2021, 11:04:06 PM
What is the safest place to deposit my bmxx and that will give me more profitability?
Hi! Governance module
June 29, 2021, 02:51:50 PM
What is the safest place to deposit my bmxx and that will give me more profitability?
June 29, 2021, 10:25:55 AM
What are the advantages of this project?
In fact, there are a lot of them. Here everyone will find some advantage for themselves
June 29, 2021, 08:25:06 AM
Do you think the idea of your project is relevant?
June 28, 2021, 11:49:57 PM
June 28, 2021, 11:43:50 PM
What are smart contracts and how do we use them?
And why do you even need this information? We want our users to have a deeper understanding of how modern technology works, so we are sharing this knowledge with you, some of it basic, some of it advanced. Multi-Chain Lend is using smart contracts to achieve full transparency and accountability, so let’s try to unpack what this actually means! By the way, we use smart contracts on the Binance Smart Chain (BSC). We’ll talk about it in more detail!
Smart contracts are applications that are executed automatically upon fulfilling certain prerequisites set by their programmers.
Smart contract advantages include a built-in protection from the human factor. Nobody can tamper with a smart contract, and there is no need to trust the third party to release money on time or validate a transaction. What’s also important is that the contract runs on the blockchain, and will continue to work for as long as there is electricity and the Internet on the planet, regardless of the status of the developer's website or other external factors. Smart contracts are used for a myriad of applications, from data storage to crowdfunding. With that said, they are completely transparent and anyone can monitor the current state of the smart contract as well as audit all the transactions it has been a part of through a blockchain explorer.
Binance Smart Chain
BSC is the Binance exchange's very own blockchain, which was designed primarily to foster decentralized trading. The network was launched in April 2019 and since then serves as the mainstay for the BNB coin. The principal features of Binance Smart Chain include EVM-compatible(Ethereum Virtual Machine) smart contracts, and high throughput.
Binance Smart Chain is an independent blockchain that will continue to work even if Binance goes down.
Since BSC is compatible with EVM, it supports a wide range of tools used by Ethereum and its DApps. In theory, this allows developers to easily migrate their projects from Ethereum to BSC, which means that, for example, MetaMask can be easily configured to run on Binance Smart Chain.
On the one hand, Binance Chain allows fast trading, while on the other it lets developers build powerful decentralized apps. Thanks to this compatibility, users get to enjoy a diverse ecosystem that can fulfill a lot of needs and use cases. BEP-2 and BEP-8 Binance Chain tokens can be exchanged for BEP-20, which is a new standard implemented on Binance Smart Chain. It has the same set of features as its Ethereum counterpart.
Learn more about the technology we use on our website: https://multiplier.finance
And why do you even need this information? We want our users to have a deeper understanding of how modern technology works, so we are sharing this knowledge with you, some of it basic, some of it advanced. Multi-Chain Lend is using smart contracts to achieve full transparency and accountability, so let’s try to unpack what this actually means! By the way, we use smart contracts on the Binance Smart Chain (BSC). We’ll talk about it in more detail!
Smart contracts are applications that are executed automatically upon fulfilling certain prerequisites set by their programmers.
Smart contract advantages include a built-in protection from the human factor. Nobody can tamper with a smart contract, and there is no need to trust the third party to release money on time or validate a transaction. What’s also important is that the contract runs on the blockchain, and will continue to work for as long as there is electricity and the Internet on the planet, regardless of the status of the developer's website or other external factors. Smart contracts are used for a myriad of applications, from data storage to crowdfunding. With that said, they are completely transparent and anyone can monitor the current state of the smart contract as well as audit all the transactions it has been a part of through a blockchain explorer.
Binance Smart Chain
BSC is the Binance exchange's very own blockchain, which was designed primarily to foster decentralized trading. The network was launched in April 2019 and since then serves as the mainstay for the BNB coin. The principal features of Binance Smart Chain include EVM-compatible(Ethereum Virtual Machine) smart contracts, and high throughput.
Binance Smart Chain is an independent blockchain that will continue to work even if Binance goes down.
Since BSC is compatible with EVM, it supports a wide range of tools used by Ethereum and its DApps. In theory, this allows developers to easily migrate their projects from Ethereum to BSC, which means that, for example, MetaMask can be easily configured to run on Binance Smart Chain.
On the one hand, Binance Chain allows fast trading, while on the other it lets developers build powerful decentralized apps. Thanks to this compatibility, users get to enjoy a diverse ecosystem that can fulfill a lot of needs and use cases. BEP-2 and BEP-8 Binance Chain tokens can be exchanged for BEP-20, which is a new standard implemented on Binance Smart Chain. It has the same set of features as its Ethereum counterpart.
Learn more about the technology we use on our website: https://multiplier.finance
June 28, 2021, 01:47:56 PM
Is this a defi project?
Multi-Chain Lend (MCL) is a fork of AAVE, built on the Binance Smart Chain.
June 28, 2021, 11:13:12 AM
Are you in Reddit?
June 28, 2021, 07:10:12 AM
Is this a defi project?
June 28, 2021, 04:50:05 AM
DeFi Digest: Main Stories This Week
21.06.2021–27.06.2021
We continue our weekly tradition of publishing main stories in the DeFi market!
This week, the total value locked (TVL) in DeFi dropped below $50B for the first time since late May 2021. At the time of writing, the ecosystem’s TVL was hovering right around the ~$48B mark.
At this point, uncertainty is reigning. Many people still think the rest of 2021 will foster a bullish uptrend for crypto and DeFi, yet the recent market chop has more folks feeling bearish sentiments than we’ve seen for a while. In the meantime, the verdict’s still out, so bulls, bears, and those in between will just have to keep watching closely to see which way the market breaks next.
As for big recent news, the story of the week was easily the launch of the London upgrade on Ethereum’s Ropsten Testnet. London notably contains EIP-1559, which will improve the UX around paying Ethereum gas fees and will burn a small amount of ETH via every Ethereum transaction.
What else?
Malt Reimbursement Plan
Malt Finance, whose coins suffered the wrong end of a DeFi bank run earlier this month, outlines a reimbursement plan for users that lost funds in the incident.
Liquidity After Bootstrapping
The Balancer exchange team outlines the optimal way to manage “post-sale liquidity allocation” after using a Balancer Liquidity Bootstrapping Pool (LBP).
Bank of Israel to Use Ethereum for Digital Shekel
The Bank of Israel reveals it’s using Ethereum for trials of a digital shekel central bank digital currency (CBDC) system.
Introducing Solidify
Crypto exchange giant Coinbase releases Solidify, a tool for automatically discerning smart contract security flaws.
Bringing institutional DeFi to the world
Circle, the creators of the USDC stablecoin, release the DeFi API. The service provides large businesses an easy avenue for accessing DeFi services.
RabbitHole raises 3.6M to build the on-chain resume for the future of work
RabbitHole, a platform that rewards users for making on-chain activities, raises $3.6 million in a funding round led by Electric Capital.
The DeFi market continues growing and we will continue watching it for you!
21.06.2021–27.06.2021
We continue our weekly tradition of publishing main stories in the DeFi market!
This week, the total value locked (TVL) in DeFi dropped below $50B for the first time since late May 2021. At the time of writing, the ecosystem’s TVL was hovering right around the ~$48B mark.
At this point, uncertainty is reigning. Many people still think the rest of 2021 will foster a bullish uptrend for crypto and DeFi, yet the recent market chop has more folks feeling bearish sentiments than we’ve seen for a while. In the meantime, the verdict’s still out, so bulls, bears, and those in between will just have to keep watching closely to see which way the market breaks next.
As for big recent news, the story of the week was easily the launch of the London upgrade on Ethereum’s Ropsten Testnet. London notably contains EIP-1559, which will improve the UX around paying Ethereum gas fees and will burn a small amount of ETH via every Ethereum transaction.
What else?
Malt Reimbursement Plan
Malt Finance, whose coins suffered the wrong end of a DeFi bank run earlier this month, outlines a reimbursement plan for users that lost funds in the incident.
Liquidity After Bootstrapping
The Balancer exchange team outlines the optimal way to manage “post-sale liquidity allocation” after using a Balancer Liquidity Bootstrapping Pool (LBP).
Bank of Israel to Use Ethereum for Digital Shekel
The Bank of Israel reveals it’s using Ethereum for trials of a digital shekel central bank digital currency (CBDC) system.
Introducing Solidify
Crypto exchange giant Coinbase releases Solidify, a tool for automatically discerning smart contract security flaws.
Bringing institutional DeFi to the world
Circle, the creators of the USDC stablecoin, release the DeFi API. The service provides large businesses an easy avenue for accessing DeFi services.
RabbitHole raises 3.6M to build the on-chain resume for the future of work
RabbitHole, a platform that rewards users for making on-chain activities, raises $3.6 million in a funding round led by Electric Capital.
The DeFi market continues growing and we will continue watching it for you!
June 27, 2021, 09:22:02 PM
What kind of platform will it be ? What are its main functions aimed at?
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.
The protocol designs are architected and forked based on Aave
with revenue sharing components for liquidity providers and
token holders that govern the protocol. bMXX, a BEP-20 token,
is the governance token of Multi-Chain Lend (MCL).
June 27, 2021, 09:16:56 PM
Do you have a channel in Russian?
Hello! No
Is this a new project?
Multiplier has been around since 2019, verifiable from their twitter account.
Hey team, any more Alpaca style partnerships planned?
Hi! Follow our news. Multiplier been partnered with Alpaca, Wault Finance, PancakeSwap, CertiK, Chainlink. We continue to form more collaborations with yield optimizers, aggregators, wallet providers, and really anyone in the space.
June 27, 2021, 03:02:14 PM
What are the advantages of this project?
June 27, 2021, 07:54:26 AM
What kind of platform will it be ? What are its main functions aimed at?
June 26, 2021, 03:01:11 PM
Is this a new project?
If I'm not mistaken, the project was launched last year
June 26, 2021, 11:19:09 AM
Is this an experimental project?
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