Fun

Multiplier DeFi (Beta Release) Targets Tokenized Bonds

News Feed - 2020-09-02 08:09:36

Multiplier DeFi (Beta Release) Targets Tokenized Bonds


1st September 2020, Hong Kong– Multiplier DeFi protocol has successfully completed a full audit by leading blockchain-based form verifier, and cyber security expert Certik. Following approval for its advanced blockchain protocol, Multiplier will commence its DeFi beta release on 2ndSeptember 2020, with the MainNet to follow immediately after. A total of 1 billion MXXtokens will be allocated for minting during the Beta Release.


Multipliers DeFi protocolwill offer a number of advancements of the technology, including its Simplified Stable Bonds, low gas fees, a high and stable yield, and no risk of liquidation.


Simplified Stable Bonds


Multiplier is now ready to roll out its asset tokenization concept called Simplified Stable Bonds (SSB), resembling a hybrid of traditional bond characteristics blended with digitized assets.


SSB Contracts mint MXX tokens, offering users stable yield for their underlying assets over a period of time. Users can create their own SSB contracts, determining the tenor and interest rates paid on their underlying assets. Deposited assets are not locked and contracts can be redeemed at any time.


Low Gas Fees


Multiplier focused on optimizing coding lines while maintaining protocol integrity, effectively reducing gas fees spent executing smart contracts on their DeFi MainNet.


Surging network use and transaction fees could constitute to a future of which gas fees play an increasingly crucial factor in farming yield.


High Stable Yield


Unlike most platforms with daily fluctuating APY, Multiplier’s yield is fixed for the duration of the SSB contract. This encourages farmers to stay on one platform, instead of fluttering from one platform to another in search of better yield.


No Liquidation Risk


Another key difference between Multiplier and other DeFi platforms, is that there is no risk of liquidation of collateral assets, simply due to the nature of the Bonds market as opposed to lending and borrowing markets.


Audited DeFi Protocol


Multiplier’s DeFi protocol is open-sourced, verifiable and has been audited by leading blockchain cybersecurity and smart contract auditor, CertiK. Multiplier MXX governance tokens are currently listed on Uniswap, Balancer and Bilaxy Exchange.


Learn more about Multipliers advanced DeFi protocol– https://multiplier.finance


Join the community discord server at– https://discord.gg/2fatBM7


Join the official Multiplier Telegram channel– https://t.me/themultiplierio


Follow on Twitter– https://mobile.twitter.com/MultiplierMXX


Media Contact Info


Contact Name: D.R Dudley


Contact Email: marketing@multiplier.finance


About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distributiontoday.


Multiplier is the sole source of this information. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.Akon Unveils Major Details of $6 Billion Cryptocurrency City: Real-Life WakandaNEWS | 2 hours agoWarren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin"s New All-Time High ExpectedNEWS | 4 hours agoTags in this storyDeFi, Hong Kong, MMX, MMX Tokens, Multiplier, SSB, Stable Bonds


Image Credits: Shutterstock, Pixabay, Wiki CommonsSpot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.

News Feed

Marcel Pechman9 hours agoCan Bitcoin repeat a 2017-like rally as dollar correlation reverses?The U.S. Dollar Index disconnecting from Bitcoin does not necessarily mean that the BTC price is about to experience a big rall
Pump.fun hits record $28.7 million monthly agreement income for July
Zoltan Vardai12 hours agoPump.fun hits record $28.7 million monthly agreement income for JulyThe memecoin creation platform"s record monthly income showcases the growing retail interest towards Solana-based memecoins lik
Time for Serious Global Crypto Regulation, Germany Says
Time for Serious Global Crypto Regulation, Germany Says Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX co
Popular BTM Operator: Bitcoin of America Adds Ethereum to Its Bitcoin ATMs
Popular BTM Operator: Bitcoin of America Adds Ethereum to Its Bitcoin ATMs press release PRESS RELEASE. Bitcoin of Americais a popular virtual currency exchange, registered as a mon
Digifinex Live AMA Hosts Bitcoin.com Chairman – Roger Ver Talks Stimulus, Useful Cryptocurrencies, Coronavirus
Digifinex Live AMA Hosts Bitcoin.com Chairman - Roger Ver Talks Stimulus, Useful Cryptocurrencies, CoronavirusOn May 14, Bitcoin.com Executive Chairman Roger Ver sat down with Digif
SEC requests final S-1 submissions for Ether ETF launch
Ana Paula Pereira3 hours agoSEC requests final S-1 submissions for Ether ETF launchAccording to Bloomberg analyst Eric Balchunas, the SEC has directed issuers to submit their final S-1 filings by July 16, with the aim of
Li​.Fi protocol attacked, $10M drained
Josh O"Sullivan10 hours agoLi​.Fi protocol attacked, $10M drainedThe Li.Fi protocol experienced a security breach when hackers exploited a specific contract address, resulting in the loss of over $8 million in cryptocu
Aussie corporate regulator to build ‘outcome-based’ crypto policies
Arijit Sarkar15 hours agoAussie corporate regulator to build ‘outcome-based’ crypto policiesASIC Commissioner Alan Kirkland highlighted the need to solve the “regulatory trilemma” when it comes to financial innov
Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion
Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion Following the startup’s partnership with Gamestop, the Sydney-based blockchain
Ex-fintech CEO sentenced to 3.75 years over price manipulation scheme
Turner Wright3 hours agoEx-fintech CEO sentenced to 3.75 years over price manipulation schemeA federal judge in Florida recognized the HYDRO token as an investment contract qualifying as a security under SEC guidelines.7
Thailand Issues New Regulations on Custodied Cryptocurrencies
Thailand Issues New Regulations on Custodied Cryptocurrencies The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Com
ShibaSwap rolls out major upgrade, moves to Shibarium
Josh O"Sullivan14 hours agoShibaSwap rolls out major upgrade, moves to ShibariumPreviously only available on the Ethereum blockchain, the DEX will now operate on both Shibarium and Ethereum.1951 Total views16 Total share