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 2nd September 2020, with the MainNet to follow immediately after. A total of 1 billion MXX tokens will be allocated for minting during the Beta Release.
Multipliers DeFi protocol will 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