Multiplier V2 Launches on 19th Aug

New Lending & Borrowing Incentives!

Multiplier is proud to announce the official launch of V2 on 19th August 2021, which includes the launch of incentivized lending and borrowing pools!

After launching V1 in late February 2021, the lending protocol has since grown to over 25 million in cross-chain TVL with over 7000 token holders!

For all existing users currently participating in V1 Lending & Borrowing pools, do take note to migrate your assets over to V2 on 19th August to enjoy the new rewards.

The new V2 is part of a continuous upgrade aimed to unlock greater value in DeFi and to give our users a more seamless experience. 🚀

New Lender & Borrower Incentives

https://multiplier.finance

Multiplier V1, inspired by Aave, is a lending protocol originally conceptualized to forgo lending and borrowing rewards.

V2 will now include new lender and borrower incentives — lenders who deposit stablecoins, and borrowers who loan BTC, ETH and BNB will now receive additional rewards daily (on top of the APY!)

Multiplier V2 Features

Leading Features in BSC

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
Multiplier V1, 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 V1. Batch Flash Loans will allow developers to execute a Flash Loan with multiple assets inside the same tx.

Debt Tokenization
In 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.

Additional Governance Incentives

Current governance incentives of 400 bMXX shared daily among stakers has been increased threefold to 1200 bMXX daily in V2!

The increase in governance incentives is designed to encourage greater participation from existing holders, who can now stake their bMXX for higher rewards, proposal and voting rights.

bMXX holders will play a significant role in shaping the direction and success of Multiplier V2 on BSC.

bMXX goes through 4/7 Multi-Sig with reputable signatories from leading communities such as Autofarm, Beefy Finance, PancakeSwap, Bitcoin Addict and StableXSwap.

The new incentive models are not only expected to increase user participation, but also to attract various protocols such as yield optimizers to build strategies on top of the V2 pools.

Start staking now and have a say in Multiplier’s bright future!

Untold Multiplying