Multiplier is proud to announce the official launch of Multi-Chain Lend (MCL) lending protocol with flash loan support on BSC!
MCL is an algorithmic money market system designed to provide secure and unique lending and borrowing opportunities on Binance Smart Chain. Depositors earn interest by providing liquidity to lending pools, while borrowers may obtain loans from these same pools.
The protocol designs are architected and forked based on Aave, with additional revenue sharing components for lenders and stakers.
Initially, MCL supports a range of Chainlink oracles, including Price Feeds for BNB-USD, BUSD-BNB, BTC-BNB, USDC-BNB, USDT-BNB, DAI-BNB, and ETH-BNB.
Users who deposit and provide liquidity will enjoy 70% of protocol revenue (loan origination and flash loan fees). Users who stake bMXX in the governance module will receive 20% of protocol revenue, as well as a share of 400 bMXX distributed daily. The remaining 10% goes to the Reserve Pool.
MCL is the first to support flash loans on BSC, which allows users to borrow instantly and easily; no collateral required.
MXX holders may begin converting their MXX to bMXX through the conversion platform (please note that there is a 15-minute timelock for conversions as an added layer of security).
MCL Safety & Security
Multiplier treats safety of users’ funds with utmost priority, and ensures that all protocols are thoroughly audited before release.
MCL currently has a public bug bounty program, a successful audit by CertiK, an ongoing second audit by Kudelski Security, and users’ assets will be covered by CertiKShield.
Multiplier continues to schedule an ongoing series of audits by other leading cybersecurity firms to ensure that the MCL protocol is as safe and secure as possible.
Multiplier began as a CEFI Lender in 2019 before building DEFI protocols in 2020, such as Simplified Stable Bonds (SSB) Yield Farm and TakoSwap AMM DEX.
Multiplier launches MCL in 2021, a lending protocol on Binance Smart Chain with flash loan support and revenue sharing components.
The development of MCL and previous protocols are fully backed by the Multiplier team. No token sale has been conducted to date.
Official MCL Addresses