What Do Aave And Multi-Chain Lend Have In Common?

Multi-Chain Lend (MCL) is a fork of AAVE, built on the Binance Smart Chain. Just like AAVE, our project connects with users who contribute to the platforms’ development and stability. Aave continues to be considered one of the top DeFi projects in the world with over 16 billion dollars in TVL at time of writing.

So, what is there in common between these projects? Turns out it’s a lot! We didn’t just fork AAVE and call it a day, we used a different blockchain and made Multi-Chain Lend even better for its users! How? With lower fees, of course! They have been updated in v1, but very soon MCL v2 will be launched and the fee schedule will become even more competitive! Let’s compare the fees for two projects:

Flash loan fees in Multi-Chain Lend are just 0.02% (compared to 0.09% in AAVE). Liquidation Fees: 10%, and there’s no Loan Origination Fees!

What else is important? MCL v2 will feature Lending/Borrowing Incentives! Lending incentives (USDT, DAI, BUSD, USDC) — 25 bMXX daily for each coin, and borrowing incentives (BTC, ETH, BNB) — 15 bMXX daily for each coin. In addition to that we will continue improving our platform by introducing governance incentives of 1200 bMXX daily, Dark Mode, and a reserve factor that defines the share of the protocol’s yields to be sent to the treasury.

You can find other features to be implemented in MCL v2 on our website https://mcl-docs.multiplier.finance/mclv2/v/multi-chain-lend/

The platform’s multiple value creation mechanism offers continued incentives for providing liquidity for users, which adds deeper liquidity to project tokens.

Website: https://multiplier.finance
Telegram: https://t.me/themultiplierio
Twitter: https://twitter.com/MultiplierMXX
Discord: https://discord.gg/cA3bsPX