Magnify Cash Launches DeFi Protocol and Announces $MAG Token Fair Launch

Magnify Cash Launches DeFi Protocol and Announces $MAG Token Fair Launch
фото показано с : bravenewcoin.com

2024-7-24 05:44

As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and enterprises alike.

The Future of Decentralized Credit Markets

Magnify Cash is spearheading the next evolution in decentralized credit markets, unlocking liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and a myriad of digital assets through its innovative, permissionless lending desks.

Solving Key Financial Challenges

Limited Liquidity: Bridging the gap for diverse digital assets. Decentralization: Eliminating centralized and custodial lending limitations.

Innovative Products and Solutions

Permissionless Lending Desks: Facilitate borrowing and lending for any ERC-20 token against RWAs, FYTs, and other digital assets. Decentralized Borrowing Options: Provide lending solutions without intermediaries, ensuring maximum security and transparency.

Universal Collateral and Currency Support

Magnify Cash’s Universal Collateral Acceptance feature supports an extensive array of tokenized assets, including ERC-1155 and ERC-721 tokens. Users can now leverage NFTs and tokenized real-world assets such as art, real estate, bonds, and luxury goods as collateral, unlocking liquidity without the need to liquidate these valuable assets.

Key Features

Comprehensive Support: Universal support for lending currencies and loan collateral (ERC-20, ERC-1155, ERC-721). Seamless Operations: Asset-backed borrowing and lending with permissionless creation and management of lending desks. Enhanced Liquidity: Extensive liquidity options for all digital assets, including stablecoins, ETH, liquid staking tokens (LSTs), meme tokens, blue chip NFTs, and treasuries. Advanced Risk Management: A dynamic interest rate model utilizing linear interpolation and scaling factors, eliminating the need for oracles.

Robust Security and Compliance

Guardian Protocol Audit: Ensuring top-notch security. Gaslite Gas Optimization Audit: Maximizing operational efficiency.

Proven Testnet Success

Over 500 lending desks created. More than 500 loans issued. Nearly 5,000 unique users engaged.

Strategic Alliances and Future Roadmap

Magnify Cash collaborates with leading industry partners like LydianLabs, FjordFoundry, Jiraiya, Tailored, Blaize, 4am, and H3AT Studios, amplifying the platform’s capabilities and outreach. Key security audits by Guardian Protocol and Gaslite reinforce Magnify Cash’s commitment to providing a secure and reliable platform.

Currently Live on

Base Testnet

Exciting Upcoming Launches

Base Mainnet: Coming Soon (Including RWAs) Ethereum Mainnet: Coming Soon (Including RWAs) Potential Layer 2 launches: Abstract Chain, Blast Chain, and more.

Fair Launch of $MAG Token

The $MAG token will be launched through Fjord Foundry’s liquidity bootstrapping protocol, ensuring a fair and transparent distribution. The token sale runs from July 23rd, 8:00 PM EST to July 27th, 8:00 AM EST, with over 70% of tokens allocated to the public. This equitable approach encourages broad participation and fosters a strong, engaged community. Active participants, including lenders, liquidity providers, and borrowers, are rewarded with $MAG tokens.

Participation Opportunities

Secure $MAG Tokens: The MAG token sale begins on July 23rd at 8:00 PM EST (July 24th, 8:00 AM Singapore Time). Participants are invited to join the Fair Launch at Fjord Foundry here.

Explore the Ecosystem: Magnify Cash invites interested parties to discover its comprehensive ecosystem by visiting the Website. Access the Pitch Deck, engaging Intro Video, detailed Whitepaper, and technical Documentation.

Engage with Our Community: Magnify Cash encourages joining its vibrant community for real-time updates and support. Follow us on Twitter, join the Telegram group, and participate in discussions on Discord.

About Magnify Cash

Magnify Cash is a non-custodial and permissionless decentralized credit market that empowers users to lend ERC-20 tokens and borrow against non-fungible tokens (NFTs) and Real-World Assets (RWAs) with unmatched flexibility and transparency. Committed to true decentralization, Magnify Cash ensures universal support for ERC-20 tokens as lending currencies and ERC-1155/ERC-721 assets as collateral. The protocol’s innovative approach to on-chain credit markets offers a fresh perspective in the evolving world of decentralized finance.

For more information, users can visit https://Magnify.Cash or follow Magnify Cash on Twitter at X.com/MagnifyCash.

Magnify Media Kit: Link.

 

Contact

Press Manager
Magnify.Cash
[email protected]

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Defi (DEFI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0182135 (-100%)

defi launch fair magnify mag token announces

Источник: bravenewcoin.com

defi launch → Результатов: 126


Фото:

BarterTrade All Set For a Q3 Launch With Tellor Oracle DeFi Protocol Among One of the 7 Digital Assets

BarterTrade will list DeFi Oracle Tellor ($TRB) upon launch. BarterTrade is a revolutionary modern-day digital asset trading platform established back in 2017 during the peak of the ICO boom. BarterTrade is all set for its official launch in the third quarter of 2020 with 7 digital assets including Tellor, a DeFi protocol set to helpRead MoreRead More.

2020-7-24 13:43


VF Invest – 1st To Market Crypto Investing App For Easy Diversification In Sectors like DeFi, Gaming, & More

Crypto media outlet Visionary Financial plans to launch a first to market non-custodial, and decentralized  investment platform that will finally let investors diversify in one place. The protocol, “VF Invest” plans to revolutionize user experience, giving users the ability to diversify in individual cryptocurrencies and sector portfolios in seconds, while having complete control over their […] The post VF Invest – 1st To Market Crypto Investing App For Easy Diversification In Sectors like DeFi, Gaming, & More appeared first on NullTX.

2020-7-18 00:10


Джастин Сан анонсировал запуск новых DeFi-продуктов в экосистеме Tron

CEO Tron Джастин Сан объявил о запуске трех новых продуктов в сфере децентрализованного финансирования (DeFi): JUST Lend, JUST Swap и JUST BTC. (1/3) JUST DeFi team will launch 3 new DeFi products: (1) “JUST Lend”- place where TRON users can earn interests or borrow assets against collateral (2) “JUST Swap-a fully decentralized on-chain protocol for […]

2020-7-5 19:47


Фото:

Investors Eyeing Next Big Thing in DeFi — Liquidity Mining

Following the success of Compound’s COMP token distribution, savvy investors are chasing the next big thing — tokens from other liquidity platforms. Less than five days since its launch, Compound’s COMP tokens have surged to an all-time high above $150 making it the most successful DeFi token to date, and the first unicorn for the […] The post Investors Eyeing Next Big Thing in DeFi — Liquidity Mining appeared first on BeInCrypto.

2020-6-19 11:22


Фото:

ConsenSys Branches Into Ethereum Token Compliance with Codefi 

ConsenSys, a firm that claims to be focused on solving real-world problems with the Ethereum blockchain, has announced the launch of Codefi Compliance, a compliance solution it says is aimed at making it easier for Ethereum-based DeFi projects to function in line with anti-money laundering (AML) guidelines, carry out seamless know-your-customer (KYC) processes and more,Read MoreRead More.

2020-6-10 17:00


DeFi Startup Eidoo Partners With Contis To Launch Visa Crypto Card For EU, and UK Users

Eidoo, a Swiss-based Defi startup has partnered with Europe’s principal Visa member Contis to offer Visa crypto debit cards in Europe and the United Kingdom. The new Visa crypto debit card would support Bitcoin and Ethereum while utilizing regulated stablecoins to offer crypto-to-fiat conversion to negate the volatility factor associated with crypto assets. The card […]

2020-5-27 23:25


Фото:

Экосистему DeFi расширил привязанный к биткоину токен в сети RSK

Разработчик DeFi-протоколов с залоговым обеспечением в биткоинах компания Money on Chain объявила о запуске платформы RIF on Chain, в основе которой лежат токены, выпускаемые в сети RSK. We are proud to announce the launch of the RIF on Chain DeFi platform, the first RIF DeFi ecosystem built and deployed by @moneyonchainok on top of the […]

2020-4-24 14:24


Crypto Exchange KuCoin and DigitalBits Partner to Roll Out Enterprise Currency Desk (ECD)

The crypto exchange KuCoin and DigitalBits have formed a partnership in order to launch a new type of over-the-counter (OTC) desk. KuCoin says the Enterprise Currency Desk (ECD) is created for companies that want to work with decentralized finance (DeFi) and blockchain technology in order to provide digital asset acquisition solutions. The first partner is […]

2020-4-15 19:17


Фото:

DeFi Platform Synthetix to Launch Ethereum-Powered Derivatives Trading

Synthetix (SNX), a crypto-backed non-custodial exchange and synthetic asset platform that provides users exposure to a vast array of financial instruments, has announced that its putting preparations in top gear to roll out more products on its platform including binary options, exchange-traded funds (ETFs) and more starting from Q1, 2020, according to a blog postRead MoreRead More.

2020-3-10 22:00


Собственный блокчейн Huobi запущен в тестовой сети

Криптовалютная биржа Huobi сообщила о запуске в тестовой сети блокчейна собственной разработки. Основной фокус Huobi Chain – сервисы в области децентрализованных финансов (DeFi). 🚀Huobi Chain’s testnet will officially launch today! ✨Details:https://t.

2020-3-1 11:15


Chainlink To Launch Its First Oracles Outside Ethereum on Polkadot Blockchain

Chainlink’s oracles have become a popular solution for Ethereum based DeFi’s as blockchain innovators seek to integrate their smart contracts with external data for more information. Polkadot, another blockchain built ecosystem, announced on Feb 25th through their blog post that they will also be leveraging the Chainlink tech.

2020-2-26 00:28


OKEx Launches OKChain on Testnet, OKEx DEx Becomes First dApp on the New Blockchain

The leading global digital asset trading platform, OKEx has made its mark in the decentralized finance (DeFi) space by launching its first DeFi application – OKEx DEx. The introduction of OKEx DEx also coincides with the launch of the platform’s own commercial public blockchain called OKChain which simultaneously went live as a testnet. On multiple...

2020-2-16 16:43


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Forget DOGE and SHIB: These 5 Memecoins Are 2025’s Millionaire Makers

The memecoin craze is evolving, and a new wave of contenders is rising. With fresh concepts and growing communities, five standout tokens are positioning themselves as potential game-changers. These emerging cryptocurrencies could redefine fortunes by 2025, capturing attention beyond the usual favorites.