Multi-Chain Lend (MCL) System Guide
If you’re new to the DeFi market and have yet to learn how to work with MCL 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 MCL 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 platform currently supports:
- Binance Chain Wallet
- SafePal Wallet
- Trust Wallet
- Wallet Connect
- ONTO Wallet
What about cryptocurrencies? The list of assets MCL supports is constantly expanding! The list currently includes BNB, BUSD, BTC, ETH, BTCB, USDC, USDT, ADA, DOT, DAI, LTC, LINK, BCH. You can lend these coins and earn interest!
The MCL interface is quite user-friendly, but if you have questions, you can check out our video tutorial guides, or ask them on our community platforms— and we will be happy to answer them!
Also, MCL v2 will be launched by Q3 2021! There are many new exciting features for MCL v2. We will go into detail about them in one of our upcoming posts, in the meantime you can have a look at our v2 features article!