Are you excited for the upcoming Multiplier V2 launch? With great new features on the platform, new governance rewards for staking bMXX, and new lending and borrowing incentives, there is something for everyone to look forward to!
Multiplier will begin the roll out of V2 in phases — Beginning with increased governance and staking rewards, followed by the launch of our incentivized lending and borrowing pools.
This will ensure a secure and seamless transition with stakers having ample time to unstake and migrate.
We’ll monitor the progress of the governance migration before releasing an official date for the launch of…
Multiplier is proud to announce that the audit on Multiplier V2 by CertiK is complete. This comes after 2 successful audits on V1 by Multiplier (and many more prior audits on the code itself).
In summary, CertiK has identified 0 Critical, Major, Medium, and Informational findings.
The official full Audit Report can be viewed here.
CertiK is a leading security-focused ranking platform that analyzes and monitors blockchain protocols and DeFi projects.
This audit is part of an ongoing series of audits intended to ensure that the Multiplier V2 protocol is as safe and secure as possible. …
The world is always evolving, with new inventions cropping up daily, blockchain being one of them. DeFi is one such discovery that gave the financial industry a 360-degree turn. Unlike the traditional banking systems such as insurance brokers and traditional banks that operate with a third party, DeFi operates independently.
The DeFi lending industry is based on trustless operation with no third party. Users are required to deposit their crypto coins for lending. Through P2P lending in the decentralized platform, a borrower can take a loan. The lender also gets to earn interest. The process is transparent and straightforward.
Multiplier has introduced new changes to the token model to support new liquidity and governance incentives in V2. The full V2 Tokenomics can be found here.
As a show of long term commitment and dedication, the team has decided to forgo vested Foundation tokens for 2021 and have channeled it towards V2 Liquidity and Governance Incentives.
These improvements are for the community and expected to exponentially grow activity on our upcoming V2 Lending Protocol!
a) Foundation Allocation has been reduced to 1,524,600 from 3,400,000. A reduction of 1,875,400 bMXX.
b) 1,134,600 out of this 1,875,400 has been allocated to Liquidity…
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…
We often talk about it, but do you know what it is? Let’s find out!
DeFi is short for decentralized finance. This term combines various financial projects and protocols on the blockchain that focus on removing the need for middlemen. DeFi is different in that it expands the scope of blockchain application: from simple transfer of digital assets to more complicated financial operations such as deposits, loans, insurance, etc.
What is the point of DeFi?
Full individual control over your assets is something the traditional banking system and other financial institutions simply can’t provide. The DeFi technology is what brings…
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:
Risk tokenization protocol BarnBridge unveils SMART Exposure, a dapp for automatically managing ERC20-to-ERC20 positions.
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. …
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…
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. …