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Singapore, Singapore, July twenty third, 2024, Chainwire – A groundbreaking second in decentralized finance (DeFi) is right here as Magnify Cash unveils its state-of-the-art DeFi protocol and publicizes the upcoming Truthful Launch of its native token, $MAG. As a pioneer in monetary know-how, Amplify Money is ready to reshape the monetary companies panorama for people and enterprises alike.
The Way forward for Decentralized Credit score Markets
Amplify Money is spearheading the subsequent evolution in decentralized credit score markets, unlocking liquidity for Actual-World Property (RWAs), Future Yield Tokens (FYTs), and a myriad of digital belongings by means of its revolutionary, permissionless lending desks.
Fixing Key Monetary Challenges
- Restricted Liquidity: Bridging the hole for various digital belongings.
- Decentralization: Eliminating centralized and custodial lending limitations.
Modern Merchandise and Options
- Permissionless Lending Desks: Facilitate borrowing and lending for any ERC-20 token in opposition to RWAs, FYTs, and different digital belongings.
- Decentralized Borrowing Choices: Present lending options with out intermediaries, guaranteeing most safety and transparency.
Common Collateral and Forex Assist
Amplify Money’s Common Collateral Acceptance function helps an in depth array of tokenized belongings, together with ERC-1155 and ERC-721 tokens. Customers can now leverage NFTs and tokenized real-world belongings corresponding to artwork, actual property, bonds, and luxurious items as collateral, unlocking liquidity with out the necessity to liquidate these useful belongings.
Key Options
- Complete Assist: Common help for lending currencies and mortgage collateral (ERC-20, ERC-1155, ERC-721).
- Seamless Operations: Asset-backed borrowing and lending with permissionless creation and administration of lending desks.
- Enhanced Liquidity: In depth liquidity choices for all digital belongings, together with stablecoins, ETH, liquid staking tokens (LSTs), meme tokens, blue chip NFTs, and treasuries.
- Superior Threat Administration: A dynamic rate of interest mannequin using linear interpolation and scaling elements, eliminating the necessity for oracles.
Strong Safety and Compliance
Confirmed Testnet Success
- Over 500 lending desks created.
- Greater than 500 loans issued.
- Almost 5,000 distinctive customers engaged.
Strategic Alliances and Future Roadmap
Amplify Money collaborates with main business companions like LydianLabs, FjordFoundry, Jiraiya, Tailored, Blaize, 4am, and H3AT Studios, amplifying the platform’s capabilities and outreach. Key safety audits by Guardian Protocol and Gaslite reinforce Amplify Money’s dedication to offering a safe and dependable platform.
Presently Stay on
Thrilling Upcoming Launches
- Base Mainnet: Coming Quickly (Together with RWAs)
- Ethereum Mainnet: Coming Quickly (Together with RWAs)
- Potential Layer 2 launches: Summary Chain, Blast Chain, and extra.
Truthful Launch of $MAG Token
The $MAG token can be launched by means of Fjord Foundry’s liquidity bootstrapping protocol, guaranteeing a good and clear distribution. The token sale runs from July twenty third, 8:00 PM EST to July twenty seventh, 8:00 AM EST, with over 70% of tokens allotted to the general public. This equitable strategy encourages broad participation and fosters a robust, engaged neighborhood. Lively contributors, together with lenders, liquidity suppliers, and debtors, are rewarded with $MAG tokens.
Participation Alternatives
Safe $MAG Tokens: The MAG token sale begins on July twenty third at 8:00 PM EST (July twenty fourth, 8:00 AM Singapore Time). Members are invited to affix the Truthful Launch at Fjord Foundry here.
Discover the Ecosystem: Amplify Money invitations events to find its complete ecosystem by visiting the Website. Entry the Pitch Deck, participating Intro Video, detailed Whitepaper, and technical Documentation.
Have interaction with Our Group: Amplify Money encourages becoming a member of its vibrant neighborhood for real-time updates and help. Observe us on Twitter, be a part of the Telegram group, and take part in discussions on Discord.
About Amplify Money
Magnify Cash is a non-custodial and permissionless decentralized credit score market that empowers customers to lend ERC-20 tokens and borrow in opposition to non-fungible tokens (NFTs) and Actual-World Property (RWAs) with unmatched flexibility and transparency. Dedicated to true decentralization, Amplify Money ensures common help for ERC-20 tokens as lending currencies and ERC-1155/ERC-721 belongings as collateral. The protocol’s revolutionary strategy to on-chain credit score markets provides a recent perspective within the evolving world of decentralized finance.
For extra info, customers can go to https://Magnify.Cash or observe Amplify Money on Twitter at X.com/MagnifyCash.
Amplify Media Equipment: Link.
Contact
Press Supervisor
Amplify.Money
[email protected]
