Multi-Chain Lend is a non-custodial lending protocol on BSC with flash loans

[Multiplier_Finance]

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12345678910111213141516171819202122232425262728293031323334 Multi-Chain Lend (MCL) is a fork of AAVE, built on the Binance Smart Chain. 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).

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TEAM

12345678910111213141516171819 KIM HUI, CEO Founder of Belive SG. Former Creative Director in design space. Diverse background in multimedia and communication design. Bachelors in Communication Design at Glasgow School of Arts. Linkedin | Twitter Telegram: @kimmultiplier

12345678910111213141516171819 Yewnan, CTO Founder of PlayFury. Lead architect and solutio  designer for Defi, crypto exchanges, derivatives and solidity smart contracts. Full-stack programming expertise. Linkedin Telegram: @yewnanmultiplier

12345678910111213141516171819 Vinish, CIO Previously Managing Partner of xDelta Capital, a crypto market maker. Background in trading, trading technology and digital assets. MBA from University of Manchester. Linkedin Telegram: @oldah

12345678910111213141516171819 Jeff C.H. Ha, Compliance Officer Practicing lawyer. Experienced in regulatory advocacy. Led dozens of startups. Architect of legal framework for various corporate groups. Linkedin

12345678910111213141516171819 D.R. Dudley, Marketing Director Experienced in overall corporate imaging. Former arbitrage trader. Established Bitcoin Singapore online community in 2013. Linkedin | Telegram: @multipliermarketing

12345678910111213141516171819 Frank, Tech Lead Experience in development of cryptocurrency exchanges, wallets, solidity smart contracts, mobile and website applications. Full-stack programming expertise. Telegram: @frank_multiplier

12345678910111213141516171819 Kuldeep K. Srivastava, Developer Experienced in dApp development and full stack app development. Certified Blockchain developer from Emurgo & Consensys academy. Linkedin

12345678910111213141516171819 Long Nguyen, Developer 3 years experience in Front-end Development in BlockChain & Decentralized Financial products.

12345678910111213141516171819 Binh Nguyen, Developer Front-end developer experienced in front-end development process, frameworks and techniques.

12345678910111213141516171819 SA, Design Lead Experience in marketing, print and UI/UX design. Designer for Red Journey Campaign. Invitee to A’ Design Award Italy 2019.

12345678910111213141516171819 Dung Nguyen, QA lead Over 11 years of experience working as QA Leader, Project Leader, Managerial roles within various domains including Blockchain.

12345678910111213141516171819 Han, Researcher Documenting various blockchain-related activities including the strategic implications it has on communities, user adoption, and liquidity. Research, collect, analyze and report blockchain-related data.

Collaborations

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Auditors

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Community Platforms

12345678910111213141516171819 Multiplier’s Apps MXX to bMXX Converter Multi-Chain Lend (MCL) Simplified Stable Bonds TakoSwap CEFI Lending Platform

12345678910111213141516171819 Support FAQ Terms of Service Privacy Policy

12345678910111213141516171819 Documentation Team MCL Litepaper SSB Whitepaper TakoSwap Litepaper

12345678910111213141516171819 Audit Reports MCL report 1 (CertiK) MCL report 2 (Kudelski) SSB Report TakoSwap Report

Copyright © 2021 Multiplier.Finance

[Multiplier_Finance]

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

[desfdsf2]

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?

[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.

[Multiplier_Finance]

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?

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/

[desfdsf2]

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?

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?

[robert47w]

What advantages does this platform get for users?

[Multiplier_Finance]

What is the price?

We have two tokens that are pegged together.

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

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?

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?

Sure. Plz follow our news

What advantages does this platform get for users?

Hi! Plz check https://multiplier.finance

[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

[andreynagor98]

Do you have a channel in Russian?

[dontecalderone]

Is this a new project?

[kittehdome]

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

[Antonina3485]

Hey team, any more Alpaca style partnerships planned?

[siniavschi001]

Is this an experimental project?

[dgordeeev091]

Is this a new project?

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

[bj.fck.now]

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

[alinali1]

What are the advantages of this project?

[Multiplier_Finance]

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.

[Multiplier_Finance]

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).

[Multiplier_Finance]

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!