Introducing Multiplier

Multiplier is a non-custodial lending protocol on Binance Smart Chain with flash loans.

Multi-Chain (Lend) is an algorithmic money market system designed to bring secure and unique lending and borrowing opportunities like flash loans onto the Binance Smart Chain. The protocol designs are architected and forked based on Aave with revenue sharing components for liquidity providers and token holders that govern the protocol. bMXX, a BEP-20 token, will be the governance token of Multi-Chain (Lend).

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bMXX is the governance token of Multi-Chain Lend (MCL).

Background: The development of Multi-Chain Lend (MCL) is fully backed by the Multiplier project team and has not conducted any token sale as of the time of writing. “bMXX’ is the governance token of Multi-Chain Lend (MCL). The minting and burning of bMXX tokens are secured by team and community 4/7 Multi-Sig.

Token Overview and Uses Cases

Users are able to stake their bMXX in the governance pool to achieve the following:

1. Voting Rights: Govern Multi-Chain Lend (MCL) protocol and reserves.
2. Revenue Share: Earn 20% of protocol revenues
3. Staking Incentives: 400 bMXX daily to be shared by stakers

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Team Multiplier

Source: https://thebittimes.com/introducing-multiplier-tbt481.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com