88mph — a platform that offers users a unique way to participate in a decentralized financial system, with fixed interest rates on deposits, floating rate bonds, zero coupon ERC-20 bonds and passive income generation by placing a single asset ($ MPH).
Contents:
- Description of the 88mph
- What else should you know?
- Additional information about the deposit platform
Description of the 88mph
Basically, you can deposit your assets on the 88mph platform without a custodian and start earning passive income, while the deposit brings fixed interest. It should be noted that 88mph shares 100% of the protocol income with those who put their own MPH.
The deposits are used by the smart contract to generate interest and run the farm on various platforms such as Aave, Compound, Harvest and Yearn. For example, a smart contract yield-farm COMP or FARM sell its yield weekly, which is then converted to DAI and distributed to users.
Some features:
| Firstly | Betting rewards are also generated and distributed through a 10% commission. This fee is already deducted in end-user rate of the displayed interface. |
| Secondly | This increase in DAI rewards encourages further deposits to not only receive fixed interest on deposits, but also receive MPH rewards and deposit those rewards into the betting contract. |
| Thirdly | As TVL (total value locked) increases through deposits, so does the profitability, received by a smart contract. As a result, DAI weekly rewards are increasing. |
One of the barriers to entry for most participants - the volatility of cryptocurrencies. Institutions have a responsibility to protect the capital of their clients and at the same time try to increase it. Cryptocurrency volatility and wild swings are often unprofitable for users, emerging from a traditional financial background. 88mph offers access to crypto without the risk of price volatility. Users can deposit stablecoins, receive flat rate interest, MPH rewards and passive stablecoin rewards.
What else should you know?
Users run the 88mph economy. As the total value of blocked pools rises, so will the rewards, paid to users. As the price rises, MPH becomes very attractive to deposit funds into contracts to earn MPH upfront rewards. They can then be wagered to earn a passive DAI. Users can deposit their funds into a contract, receive an MPH reward within a 7-day investing period and then wager those rewards to receive weekly DAI payments while their deposit matures and earns fixed interest.
Additional information about the deposit platform
There is no WhitePaper document on the MPH website. Instead, the developers provide a blog on the Medium Таким site. This way you will stay up to date with all news.
Also, the community maintains social networks:
Subscribe and chat with other members. The smart contract doesn’t have an audit.