Topic: Multi-Chain Lend is a non-custodial lending protocol on BSC with flash loans - page 5. (Read 729 times)

Hey team, any more Alpaca style partnerships planned?

yes. The idea of the project will be interesting to many people. I think it would be cool to hold an AMA

Is this a new project?

Do you have a channel in Russian?

What Do Aave And Multi-Chain Lend Have In Common?

https://multiplierfinance.medium.com/what-do-aave-and-multi-chain-lend-have-in-common-bd6c69a3d6d6

We have two tokens that are pegged together.

ERC20 and BEP20.
https://coinmarketcap.com/currencies/multiplier/
https://coinmarketcap.com/currencies/bmultiplier/


Sure. Plz follow our news


Hi! Plz check https://multiplier.finance

What advantages does this platform get for users?

Ok, but do you have any ideas to as bring more investors?

Hello! Thank you very much for your interest in our project. There are answers to this and any other questions on our website and in the documentation published on it! Pl check https://multiplier.finance/

Binance Smart Chain x Multiplier AMA Recap

Binance Smart Chain AMA
15–06–21
https://t.me/BinanceDEXchange/332272

Q: So Please tell us about Multiplier Finance to those unfamiliar with it.
Multiplier started as a licensed CEFI lender in early 2019, before transitioning to building DEFI protocols in 2020.
Our first protocols were a yield farm called Simplified Stable Bonds (SSB), and an AMM DEX called TakoSwap. We launched these 2 protocols on Ethereum in 2020.
In Q1 2021, we launched our flagship protocol on Binance Smart Chain, a lending protocol (forked from Aave) called Multi-Chain Lend (MCL).
We aim to launch MCL v2 by Q3 2021, which brings a whole new range of features and functionality.
Multiplier’s long-term vision is to bring value to the DEFI ecosystem through a suite of decentralized applications that transform the way users interact with financial services.

Q: And Multiplier has an interesting history, starting as a licensed CEFI lender before transitioning into DEFI. Tell us more about that please~~
In early 2020, the founding team came together with a goal to build a platform whereby users could extract additional value from their idling crypto assets. This was two years ago before the advent of yield farming, when many holders left their crypto assets to sit idle in their wallets.
We launched a centralized lending platform, similar to Nexo, Celcius Network, and BlockFi. We obtained the Swiss SRO License as well as licensing from Hong Kong to hold Bitcoin as collateral.
We were the first in Asia to hold such a licence. Notable partnerships at the time also include Coinbase Custody.
Recognizing the benefits of being fully decentralized as well as the rapid growth of the ecosystem, we decided to focus on building DEFI protocols thereafter in early 2020.

Q: I am curious about your team’s background
CEO Kim Hui has a background in design and founded a successful technology company prior to Multiplier Finance.
CTO Yewnan architects and builds scalable technology, and has extensive experience in leading various crypto-based projects.
CIO Vinish was managing partner of a market making firm and specializes in the trading of digital assets.
Multiplier has a global team with expertise spanning across areas such as Design, Technology, Operations, Marketing, Finance, Compliance and Legal.

Q: You said Multiplier has built 3 protocols. Can you tell us more about your latest flagship protocol Multi-Chain Lend (MCL)??
Yes, that’s right. Our 3 protocols are Simplified Stable Bonds, TakoSwap and Multi-Chain Lend.
Multi-Chain Lend (MCL) is a non-custodial lending protocol on Binance Smart Chain with flash loan support.
If you’ve used Aave, Compound or Venus, then you’ll have a good understanding of what you can do with MCL.
MCL allows users to deposit their crypto assets as collateral (earn passive yield) and borrow other crypto assets as a loan.
You may stake Multiplier’s native token bMXX in the governance module, and we also have various farms in BSC, including Pancakeswap, Alpaca Finance, Wault Finance and ApeSwap (more to come!)
MCL is audited by CertiK and Kudelski Security, crypto assets are covered by CertiK Shield and Soteria Finance, and we have reputable 4/7 Multi-Sig signatories from leading BSC protocols and communities.

Want to borrow and lend crypto assets on to leverage your idle assets? Check out https://multiplier.finance today!

Q: And I saw a lot of hype surrounding the upcoming MCL version 2 tho. So what exactly does V2 do?
MCL v2 will have many great new features over v1. It is largely inspired by Aave’s v2 with distinguishing features as well.
For the first time, bMXX will now have deflationary mechanisms as we use protocol fees earned, such as Flash Loan fees and Conversion Fees, to buy and burn bMXX.
MCL v2 will also have lender and borrower incentives for specific crypto assets, these are a first for us as well.
There will also be increased incentives to stake bMXX in our v2 Governance Module, from 400 bMXX daily to 1200 bMXX daily.
Other interesting features include:
Collateral Swap Feature, whereby users can swap their deposited assets to other assets (even if you’ve used them as collateral to borrow).
Batch Flash Loan Feature, whereby users can now execute a flash loan with multiple assets inside the same tx (previously it was only one currency at a time).
Stable and Variable Rate Borrowing Feature. MCL v1 has a distinguishing feature from other lending protocols in BSC, which is our Stable Borrowing Rate for deposited collaterals.
With MCL v2, users may now toggle between a Variable Rate and a Stable Rate even after taking a loan.
For the full list of new features and changes for MCL v2, please refer to this link: https://multiplierfinance.medium.com/mcl-v2-features-4bde884c519c

Q: As a member of BSC, I want to ask: why Multiplier decided to migrate/build on Binance Smart Chain??
After the launch of our second protocol on Ethereum, we conducted a community initiative to hear the thoughts of our community users, and received an overwhelming response to build on Binance Smart Chain. This was back in September 2020.
BSC is well known for its lower gas fees and faster transactions, complementing our vision of building a suite of decentralized apps for the future.
It was only after building on BSC that we realized that it was much better than what we were used to. We received tremendous support from the BSC team in terms of marketing, advice and networking.
A big thank you to BSC and Mr. CZ for all the support and for holding this AMA!

Q: Thank you for the introduction about your project! And I think the thing that most people want to know is how to use it. Let’s say I want to start using Multiplier Finance. Where do I start? Where can I find some how-to guides?
Website: https://multiplier.finance
Telegram: https://t.me/themultiplierio
Discord: https://discord.gg/cA3bsPX
Twitter: https://twitter.com/MultiplierMXX
You’ll find all links in our website, including FAQ, Litepapers, and Developer Docs.
Video tutorial links (English): https://mcl-docs.multiplier.finance/faq/untitled-1/english
Video Tutorial Links (Chinese): https://mcl-docs.multiplier.finance/faq/untitled-1/chinese

Here are some additional video tutorial links to help you get started with borrowing and lending.

How does project increase the token's value, liquidity and utility?  So that it can lead to an increase in token prices?  What is your plan to make your project stable and provide the highest return for investors in the long term?

Lending On Blockchain - its strengths and advantages

Why does the lending sector seem to be so attractive to blockchain initiatives? We used to look at banks and other financial institutions as something built for our benefit. However, these institutions, just like any other business, act solely to cover their bottom line. When it comes to providing loans, they will always act to boost their own profit as much as possible.

This leads to SMEs and other users having difficulty accessing the lending market. With that said, small and medium enterprises (SMEs) are considered to be the backbone of emerging markets. They comprise some 95% of businesses all over the world, and employ 65% of the workforce in total. It is estimated that over the next 15 years, SMEs will create 600 million jobs, which makes this market quite attractive.

Lending through blockchain is peer-to-peer, making the whole process smoother and faster. The middleman (bank) is replaced with a decentralized protocol, which connects lenders and borrowers directly. With that said, borrowers get to enjoy competitive prices — the protocol covers the entire world.

Since all transactions are public and verifiable, each address can be assigned a credit score. Each transaction on any given address can be analyzed.

Blockchain allows lending to become much more transparent. The process of providing a loan — from the initial request to the actual payment — happens on the blockchain, which makes it both cheaper and faster.




Multi-Chain System Guide

If you’re new to the DeFi market and are yet to learn how to work with Multi-Chain to the fullest — this post is for you! Start with the beginning — visit our website at https://multiplier.finance and click LAUNCH APP while we try our best to answer your questions about the service!

Using Multi-Chain is easy: you simply deposit your preferred asset and amount. After depositing, you will earn APY on the market borrowing demand. Additionally, depositing assets allows you to borrow by using your deposited assets as collateral. Any interest you earn by depositing funds helps offset the interest rate you accumulate by borrowing.

To submit a deposit you will need to connect your wallet. You can do it in just one click. Just pick a wallet the system currently supports:

Binance Chain Wallet

MetaMask

Trezor

Ledger

SafePal Wallet

Trust Wallet

Wallet Connect

ONTO Wallet

What about cryptocurrencies? The list of assets Multi-Chain supports is constantly expanding! The list currently includes BNB, BUSD, BTC, ETH, BTCB, USDC, USDT, ADA, DOT, DAI, LTC, LINK, BCH. You can borrow or lend these coins at a profit.

Multi-Chain interface is quite user-friendly, but if you have questions, you can always ask them on our social media — and we will be happy to answer them!




Decentralization as the main value behind cryptocurrency projects



The very first issue is going to deal with the core principle that most cryptocurrency projects are built around today! That is, decentralization!

In order to understand what decentralization is, let’s first look at how centralized systems work. There, you always have a central authority that decides on the rules of the system, usually in the form of a bank or government. Decentralized structures eliminate the very need of a centralized authority: all rules of operation have already been set using smart contracts. The system can function with virtually no human input whatsoever.

Decentralized protocols and apps (DApps) are characterized by their high level of security and the fact that they are built on the blockchain. They work through consensus mechanisms, and can be, in some ways, similar to smart contracts, but more featureful.

DApps always meet certain criteria, such as employing cryptography, distributed storage solutions and deploying their own currencies that fuel their operation. All data in such apps are stored on the distributed, decentralized blockchain that is available to everyone, they are open source more often than not, and are capable of running autonomously. Updating the app requires consensus among token holders.

The technology behind decentralization in Bitcoin and most other cryptocurrencies is called blockchain, and it gives every user the ability to serve as a node that checks the validity of transactions.

The first cryptocurrency that was developed was Bitcoin, which was also first to properly utilise Blockchain. After Satoshi Nakamoto had devised the very first Blockchain database, Bitcoin was set-up as a network. The Bitcoin network relies on mining, which is the process of validating transactions and minting new BTC. Transactions on the BTC network follow the peer-to-peer structure, which means funds are sent directly from one user to another, involving no middlemen or authority, such as banks, regulators, governments, etc.

What do users get from decentralization? Here are a few key advantages that users get from decentralized systems:

Free from third party’s, safe from hacking

Less censorship. Governments often restrict their citizens’ access to various websites and social media. Censoring traffic in a peer-to-peer network is much more difficult, because every package can be sent to every other node on the network, and they will relay this data further.

Most of the applications on the network are open source. Anyone can create their own applications with it. The more decentralized products come out, the more advantages and opportunities open up for the network users. Proper economic incentives. Users who support the network get rewarded for it financially. The more support they provide, the more they are rewarded.

Multi-Chain Lend (MCL) is fully committed to decentralization, upholding its values to the fullest extent! Learn more about us at https://multiplier.finance





Multi-Chain Lend (MCL) System Guide 📖



MCL supports the following wallets!

- Binance Chain Wallet

- MetaMask

- Trezor

- Ledger

- SafePal Wallet

- TrustWalletApp

- WalletConnect

- ONTOWallet

https://twitter.com/MultiplierMXX/status/1407181969058762756?s=20



Decentralization as the main value behind cryptocurrency projectsЖeлeзнoдopoжный пyть

https://twitter.com/MultiplierMXX/status/1407536808586448902