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

[Multiplier_Finance]

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*.

[leea-1334]

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:)

[rublevv77]

 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?

[Multiplier_Finance]

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.

Could someone explain me the use of bMXX token?

It's the governance token for Multiplier.


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

[Multiplier_Finance]

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!

[bahagia93]

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 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.

[Multiplier_Finance]

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:)

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.

[leea-1334]

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?

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!).

[Gagik98]

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.

Could someone explain me the use of bMXX token?

It's the governance token for Multiplier.


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

What is the maximum supply of BMXX?

[Alsulju]

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

[olegpanfilov5]

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.

Could someone explain me the use of bMXX token?

It's the governance token for Multiplier.


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

What is the maximum supply of BMXX?

13 millones

[Multiplier_Finance]

MCL v2 Features

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

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

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

MCL v2 Features

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

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

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

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

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

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

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

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

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

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

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

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



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

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

[alenmiran]

Any video ama with the team?

[bitMuscle]

What checks have you done to ensure your investors safety?

[desfdsf2]

Do you have youtube channel?

[olegpanfilov5]

Do you have youtube channel?

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

[Multiplier_Finance]

What checks have you done to ensure your investors safety?

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

[Multiplier_Finance]

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

[dontecalderone]

When influencer marketing will start?

[Multiplier_Finance]

When influencer marketing will start?

Plz follow our news!