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

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July 23, 2024

by Chainwire

Revealed: July 23, 2024 at 6:05 pm Up to date: July 23, 2024 at 6:05 pm

Singapore, Singapore, July twenty third, 2024, Chainwire

A groundbreaking second in decentralized finance (DeFi) is right here as Amplify Money 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 about 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 property via its modern, permissionless lending desks.

Fixing Key Monetary Challenges

Restricted Liquidity: Bridging the hole for various digital property.
Decentralization: Eliminating centralized and custodial lending limitations.

Progressive Merchandise and Options

Permissionless Lending Desks: Facilitate borrowing and lending for any ERC-20 token towards RWAs, FYTs, and different digital property.
Decentralized Borrowing Choices: Present lending options with out intermediaries, guaranteeing most safety and transparency.

Common Collateral and Foreign money Assist

Amplify Money’s Common Collateral Acceptance characteristic helps an in depth array of tokenized property, together with ERC-1155 and ERC-721 tokens. Customers can now leverage NFTs and tokenized real-world property corresponding to artwork, actual property, bonds, and luxurious items as collateral, unlocking liquidity with out the necessity to liquidate these precious property.

Key Options

Complete Assist: Common assist 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 property, 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.

Sturdy 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, Tailor-made, 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.

At the moment Dwell 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 will probably be launched via 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 method encourages broad participation and fosters a powerful, engaged neighborhood. Energetic members, 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 right here.

Discover the Ecosystem: Amplify Money invitations events to find its complete ecosystem by visiting the Web site. Entry the Pitch Deck, partaking Intro Video, detailed Whitepaper, and technical Documentation.

Have interaction with Our Neighborhood: Amplify Money encourages becoming a member of its vibrant neighborhood for real-time updates and assist. Comply with us on Twitter, be part of the Telegram group, and take part in discussions on Discord.

About Amplify Money

Amplify Money is a non-custodial and permissionless decentralized credit score market that empowers customers to lend ERC-20 tokens and borrow towards non-fungible tokens (NFTs) and Actual-World Property (RWAs) with unmatched flexibility and transparency. Dedicated to true decentralization, Amplify Money ensures common assist for ERC-20 tokens as lending currencies and ERC-1155/ERC-721 property as collateral. The protocol’s modern method to on-chain credit score markets presents a recent perspective within the evolving world of decentralized finance.

For extra data, customers can go to https://Amplify.Money or observe Amplify Money on Twitter at X.com/MagnifyCash.

Amplify Media Package: Hyperlink.

Contact

Press SupervisorAmplify.Money[email protected]

Disclaimer

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