Bitcoin Forum

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.

https://i.postimg.cc/wTd4qg6f/1.png


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!

https://i.postimg.cc/rs5h1Y9N/2.png


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


https://i.postimg.cc/kgJjSsRW/3.png


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

https://i.postimg.cc/25XXrW6h/4.jpg

Decentralization as the main value behind cryptocurrency projectsЖeлeзнoдopoжный пyть

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

https://i.postimg.cc/kgJjSsRW/3.png

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?

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.


https://i.postimg.cc/C1vbcgh6/1-h-UREZro-UCE5f-Rj-Rs-IWPSUg.png

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/

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

What advantages does this platform get for users?

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 Do Aave And Multi-Chain Lend Have In Common?

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

https://i.postimg.cc/1zbMR3Pk/0-Sz-Ja0delw-FHBe-AA1-1.png

Do you have a channel in Russian?

Is this a new project?

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

Hey team, any more Alpaca style partnerships planned?

Is this an experimental project?

If I'm not mistaken, the project was launched last year

What kind of platform will it be ? What are its main functions aimed at?

What are the advantages of this project?

Hello! No


Multiplier has been around since 2019, verifiable from their twitter account.


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.

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).

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!

https://i.postimg.cc/J7fcDT1v/0-E61-Ftsbe3b5-Oaf-GM.png

Is this a defi project?

Are you in Reddit?

Multi-Chain Lend (MCL) is a fork of AAVE, built on the Binance Smart Chain.

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

https://i.postimg.cc/CxRBLwmW/pasted-image-0.png

Hello! Yes https://www.reddit.com/user/Multiplier_Finance/posts/

Do you think the idea of your project is relevant?

In fact, there are a lot of them. Here everyone will find some advantage for themselves

What is the safest place to deposit my bmxx and that will give me more profitability?

Hi! Governance module :)

Can DeFi Disrupt the Traditional Banking Business?


https://i.postimg.cc/L5M7WYPp/1-b-I-C4-Ig-JXm-JK1-KGF8pp-LQ.png
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.


https://i.postimg.cc/WpnXVHLr/1-xhx-RRp-Tg-FJM-kgi-QAcgl-Q.png


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

How does the liquidation works?

Click liquidation in the platform. Youll see options to liquidate whenever there are liquidation opportunities available.

Hello! Plz follow our news

Multi-Chain Lend (MCL) Protocol Passed External Audits!

Let’s begin with the essentials: Multiplier’s lending protocol — Multi-Chain Lend (MCL) has been audited by CertiK (https://www.certik.org/projects/multiplier) and Kudelski Security(https://multiplier.finance/audits/MCL_report_(kudelski).pdf). External companies have audited the protocol to guarantee top-level security and liability. It is very important for us to ensure our users enjoy maximum security, so we have made these steps.

Let’s talk about what an audit is and why is it important?

Smart contracts are considered one of the safest methods of managing funds today. For all their perfection, hackers are also constantly developing their skills. They become more inventive as the complexity of contracts increases. As the saying goes, “blockchain is secure, but blockchain applications — not always”. Audits of smart contracts, which have recently become increasingly popular, are designed for combating this and preventing such cases. This is why conscientious companies who put their users’ security first turn to third-party organizations for auditing their software.

What problems do audits detect? Audits help to find not only critical but also more common errors of smart contracts. For example, problems with integer arithmetic, the vulnerability of the gas limit in the block when the array overflows, missing parameters or prerequisites (the result of careless development), potential frontrunning (overtaking an unconfirmed transaction), as well as a great number of logical flaws.

We are excited to tell you that our protocol has passed 2 audits — — its integrity and correctness have been proven by independent companies! You can have a look at token source code on our repository on Github: https://github.com/Multiplier-Finance

https://i.postimg.cc/MGFW6B7k/0-REPp9kqx31n-Lo-L-W.png

Why do you think your project is so popular?

Interesting question. In my opinion, the idea is only a small part of what attracts people.

What do you mean?

sure. we have a large community on social media.

What is blockchain and why is this technology so important?

We often talk about how our project works, about smart contracts and decentralization, but let’s get back to basics — the blockchain technology. What do you know about it besides the fact that it’s important and revolutionary? We’ll try to cover the key points!

The idea at the core of blockchain has been around since 1991, but it was only after 2009 that the technology got proper recognition, when Bitcoin was launched by the mysterious person (or even a group) called Satoshi Nakamoto. The true identity of Satoshi hasn’t been found until this day, but his technological innovation has succeeded in making the world reconsider the way we create and use money.
BTC transactions are peer-to-peer, which means that money flows directly from one user to another, without involving authority such as banks, regulators, or governments, etc.
This is as transparent and safe as it gets — all transactions are traceable, yet can’t be regulated by authorities.

This technology ensures maximum transparency, reliability and security of transactions. Blockchain can increase efficiency and security across a wide range of industries and businesses (financial sector, charity, supply chains, healthcare, etc).

Blockchain-based projects pop up every day! This is exactly the technology we are leveraging to create a unique product that will improve millions of lives with technology and new tools.
https://multiplier.finance

https://i.postimg.cc/vH8Xn6s1/0-AFr-Xf-H0fui-Nr-EVm-M.png

What is this project aimed at?

On v2 is in the immediate future, which will also be launched on Cardano. In the long-term, Multiplier aims to be a liquidity protocol.

Basically, it's not the idea that catches people

MCL v2 Sneak Peek #9

https://i.postimg.cc/J4zpzZhh/1-FSl-S3-X-e-Mi-Gz-KDPw-Jw-D5g.png

Here’s how you can stake bMXX in the governance module in the upcoming Multi-Chain Lend (MCL) v2!

https://i.postimg.cc/XY39QyZb/1.pnghttps://i.postimg.cc/G3WFTfd9/2.png

Stay tuned for more sneak peeks of new v2 features!

What features are available on this platform?

What goals have you set for yourself?

Where can I see the list of exchanges where the token is listed?

You can find this information in the roadmap

Is this a defi project?

Hi! Plz check our website

you can find this on the official website

DeFi Digest: Main Stories This Week

28.06.2021–04.07.2021

We continue our weekly tradition of publishing main stories in the DeFi market! And we have great news: DeFi’s back on the mend, at least acutely, as the decentralized finance ecosystem saw its total value locked (TVL) climb from $48B to $52.94B since this time last week. Is the latest crypto shakeout over, then, and is $100B in our near-term targets again?

And it’s Monday today, so we want to share the latest DeFi stories with you:

Announcing Compound Treasury, for Businesses and Institutions
Compound Finance introduces Compound Treasury, a new system design to cater to traditional financial organizations interested in using the Compound protocol.

An Old Dictator Appears
Kain Warwick, the founder of Synthetix, will be helping to steer Synthetix’s Core Contributors once again.

Opyn Partial Collateralization: How to Trade Partially Collateralized DeFi Options
DeFi options protocol Opyn rolls out a new on-chain margining system “for partially collateralized options.”

Introducing Perpetual Protocol V2 — Curie
The Perpetual Protocol team introduces Curie, the project’s V2 system that optimizes for capital efficiency and LP earnings.

Introducing Fixed Forex
Yearn’s Andre Cronje introduces Fixed Forex, a new zero-governance, and zero-fee decentralized stablecoin framework.

C.R.E.A.M. Finance Is Coming to Polygon
The C.R.E.A.M. team reveals they’re launching their money markets atop Polygon’s proof-of-stake (PoS) sidechain solution.

The DeFi market continues growing and we will continue watching it for you! We believe in keeping track of the market.and staying up to date with trends.


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


https://i.postimg.cc/fbv1cD5z/1-f-v-Adhw-Dil-Du-Oka-VZfd-OUg.png

just a suggestion, you can open the thread on the altcoin announcement. if you want a more interesting discussion there.
moreover, you have claimed to cooperate with media support and exchange. I guess you really need to legalize everything. it's all to make your project more convincing. but I suggest, answer every question in the thread you created. Don't throw it on your project's website or social media. Community service is very important. Some projects fall and die in the market when they lose support from the community. because a project is also big because of their large community.

I see many Lending projects developing for cardano, how MCL Team will compete with this projects?

Is multiplier the only bsc protocol with stable borrow rate?

Thanks for your opinion!

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

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*.


https://i.postimg.cc/9fhQDCFX/1-agsz-Ea-Rc-Kh-Lae-GHAOE21-Q.png

Can I buy it already?

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

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

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*.

https://i.postimg.cc/pTKf9YLc/0-yda-bf-WSl-Da-BLBan.jpg

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:)

 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?

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



It's the governance token for Multiplier.


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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!

https://i.postimg.cc/CKYGMtb2/photo-2021-07-08-09-15-36.jpg

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.

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.

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!).

What is the maximum supply of BMXX?

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

13 millones

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.

https://i.postimg.cc/Y9h13ycX/0-5uc6r-QAqh-ZGi-Jea.png

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

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


https://i.postimg.cc/k5MNVgTP/photo-2021-07-08-00-29-27.jpg

Any video ama with the team?

What checks have you done to ensure your investors safety?

Do you have youtube channel?

Hi I found https://www.youtube.com/channel/UCgZGXobxGNXHFp8BK2tWg5g

Plz check https://twitter.com/MultiplierMXX/status/1413457808196968450?s=20

DeFi Digest: Main Stories This Week

04.07.2021–11.07.2021
We continue our weekly tradition of publishing main stories in the DeFi market! DeFi is showing a bit of renewed strength lately, with the total value locked (TVL) in the ecosystem having risen from $52.94B to $55.73B since last week. That makes this the second week of steady growth in a row now for DeFi after its TVL slump to ~$49B toward the end of June!

And it is Monday today, so we want to share last DeFi stories with you:

Introducing SMART Exposure
Risk tokenization protocol BarnBridge unveils SMART Exposure, a dapp for automatically managing ERC20-to-ERC20 positions.

Introducing Notional V2
Fixed-rate lending and borrowing protocol Notion presents the protocol’s V2 system, which among other things introduces longer-dated maturities.

Balancer Launches Stable Pools
The Balancer AMM project rolls out new stable pools for “assets that trade at a similar price,” starting with the staBAL3-BTC (WBTC/renBTC/sBTC) and staBAL3-USD (DAI/USDC/USDT) pools.

Propose Block for London Mainnet Activation
Ethereum Core developers propose block 12,965,000, or ~Aug. 4th, to serve as the launch point for Ethereum’s London upgrade. This upgrade will activate EIP-1559, which will improve the UX of Ethereum’s fee market.

Announcing liquidation notifications by EPNS for Alpha Homora users
The Ethereum Push Notification Service (EPNS) now supports liquidation-risk notifications for Alpha Homora V2 protocol users.

Optimism Gas Update & WETH Distribution
Synthetix notifies its Optimism users that fees will no longer be subsidized on the L2 as of this week and that 30 WETH will be distributed to help eligible users bootstrap mint, burn, and claim transactions.
The DeFi market continues growing and we will continue watching it for you! We believe in keeping track of the market and staying up to date with trends.

Multiplier will launch Multiplier 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


https://i.postimg.cc/fyc8zv4h/pasted-image-0.png

When influencer marketing will start?

Plz follow our news!

v2 Tutorial #1 - How to Deposit?

https://twitter.com/MultiplierMXX/status/1414798724203638785

Why Do More And More People Use Cryptocurrency?


Buying things using cryptocurrency or sending money in Bitcoin is absolutely normal to a huge number of people all over the world! Cryptocurrency’s user audience is growing every day, but why is that?
The field of cryptocurrency has no authority that decides whether or not your transaction goes through. Nobody can block your wallet or inquire about the nature of the money transfer. Nobody limits the amount of money a user can send or receive.

Traditional payment systems have all kinds of built-in limits, checks, human errors and legal boundaries. That being said, all of the above works against the client, always. In crypto, however, everything is in the hands of the users. This is why the main cause of its growth in popularity is how it offers independence in handling your finances!
At Multiplier Protocol we want to give cryptocurrency holders even more abilities to manage their finances!

Multiplier will launch 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*.

https://i.postimg.cc/50r6bQrf/0-ZZ5o5-U9-B4iudn-Bb-K.png

Where is it traded?

PancakeSwap

What projects do you have a partner with?

Hello!  Alpaca, Wault Finance, PancakeSwap, CertiK, Chainlink

Multiplier V2 Sets New Standard For BSC Lending


https://www.bsc.news/post/multiplier-v2-sets-new-standard-for-bsc-lending


https://i.postimg.cc/YqvhgLRY/60ef5c36a6f31b243e0816a7-multiplyer-20-1.jpg

Any plans to develop multiplier in polygon chain in future?

What is the existing user count and what are the plans to increase the userbase?

Will alpaca have more collaboration with multiplier in future?

Hi! Follow our news

Tell us your favourite feature of Multiplier V2 and stand a chance to win $50 bMXX! 🌊

https://gleam.io/r7Qag/multiplier-v2-retweet-giveaway

https://i.postimg.cc/DZP7q69x/photo-2021-07-16-05-23-32.jpg

Whether BMXX tokens are burnt with platform profits?