Multi-Chain Lend (ML) logo

Multi-Chain Lend (ML)

Total Users
- No data available.
Rewards
chest
chest
chest
chest
Volume
The fiat value of incoming dapp transactions over a period of time
- No data available.
Contract Balance
The total fiat value of assets in a dapp's smart contracts
- No data available.
Category
- No data available.
Blockchain
- No data available.
Language
- No data available.

News

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.
user avatar

Son Min-ho

Significant Bitcoin Transfer from 2013 Wallet Sparks Market Speculation

An early Bitcoin holder has moved approximately 41,145 BTC from a dormant wallet, raising concerns and interest among traders.
user avatar

Ayman Ben Youssef

Cysic Halts Crosschain Bridge Following Token Creation Incident

Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.
user avatar

Tando Nkube

What is Multi-Chain Lend (ML)?

Multi-Chain Lend (ML) - an algorithmic money market system, designed to provide safe and unique lending and borrowing opportunities to Binance's smart chain. Protocol drafts are designed and forked around Aave with revenue sharing components for liquidity providers and token holders who govern the protocol.

Contents:

Multi-Chain Lend (ML) dapp

Description of the Multi-Chain Lend (ML)

Users can participate with supported digital assets on the platform that can be used as credit or liquidity software.

The delivery of digital assets to the platform gives users the opportunity to participate as "LENDERS" while maintaining the safety of the collateral in the protocol.Multi-Chain Lend (ML)

Lenders will receive a variable interest rate, depending on the use of that particular market. In addition, they earn money from the issuance of a loan and a commission for an urgent loan. Users who submit their digital assets to Multi-Chain Lend (ML) will receive an mToken. It is the only token that can help to redeem the underlying provided collateral. This will allow lenders to use these tokens to hedge other assets or move them to cold storage wallets that support Binance Smart Chain.

Work on the project

Users, who wish to borrow any of the supported digital assets on MCL, must provide collateral. How does it work:

  • these assets must have excess collateral, and they will allow you to get a loan up to 75% of the value of the collateral;
  • these collateral ratios are defined by the protocol and controlled through a governance process that is documented in the Litepaper.

Borrow cryptocurrencies and stablecoins without credit checks and fast receipt directly from the Binance Smart Chain. bMXX is a Multi-Chain Lend (MCL) Management Token. The minting and burning of bMXX tokens is provided by the team and community on a daily basis Multi-Sig. Users can host their bMXX in a management pool for the following purposes:

Voting right Multi-chain lending (MCL) protocol and reserve management.
Share of income 20% of protocol revenue.

The staking incentive is 400 bMXX per day, which goes to the stakers. You can use Trust Wallet, SafePal Wallet, ONTO Wallet and other wallets for integration.

Additional information

Keep an eye on RoadMap and chats for the next plans. For more information follow the links:

  • telegram;
  • twitter.

Smart contract audit is available here.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.