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Multi-Chain Lend (ML) logo

Multi-Chain Lend (ML)

Total Users
0
Volume
The fiat value of incoming dapp transactions over a period of time
$0
Contract Balance
The total fiat value of assets in a dapp's smart contracts
$275
Category
- No data available.
Blockchain
Bnb-chain
Language
- No data available.
Official links
Website
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What is Multi-Chain Lend (ML)?

MCL is an algorithmic money market system designed to provide secure and unique lending and borrowing opportunities on Binance Smart Chain. Depositors earn interest by providing liquidity to lending pools, while borrowers may obtain loans from these same pools.

The protocol designs are architected and forked based on Aave, with additional revenue-sharing components for lenders and stakers.

Users who deposit and provide liquidity will enjoy 70% of protocol revenue (loan origination and flash loan fees). Users who stake bMXX in the governance module will receive 20% of protocol revenue, as well as a share of 400 bMXX distributed daily. The remaining 10% goes to the Reserve Pool.

MCL supports flash loans on BSC, which allows users to borrow instantly and easily; no collateral required.

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