


DeFi is an ever-evolving sector. New projects often build on the success of a predecessor. The Multiplier Project, derived from Aave, seeks to extend the successes of Aave to flash loans and decentralized lending.
Introduction
One novel financial service gaining traction in DeFi is what is known as Flash Loans. These are loans that do not require collateral to initiate a borrow. The only requirement is that the loan must be repaid within the same transaction block. This service is of great interest to arbitrage traders. Arbitrage traders try to make a profit by simultaneously trading an asset on two or more markets where the price of that asset is not the same.
Several platforms offering flash loans have recorded reasonably good success. One of the leaders in the industry, Aave was reported to have processed over $1.5 billion of loans within 10 months of starting to offer the service.
What Is The Multiplier Protocol?
Multiplier Protocol is a crypto lending platform. It started off in 2019 initially as a centralized finance (CEFI) platform but eventually ventured into offering decentralized products. The main vision of Multiplier is to use blockchain technology to make finance simpler for everyone.
As proof of its reputation, Multiplier Protocol is licensed to operate as a regulated financial services provider in Switzerland and Hong Kong. It has also been able to seal partnerships with some flagship companies such as Coinbase Custody.
Multiplier’s initial DeFi projects were TakoSwap and Simplified Stable Bonds (SSB), which were built on the Ethereum blockchain. In February 2021, Multiplier migrated its lending protocol to the Binance Smart Chain (BSC) and launched the Multi-Chain Lend (MCL).
Multi-Chain Lend
MCL is a decentralized lending protocol. Multiplier Finance developed it in collaboration with a renowned cybersecurity firm, Bramah Systems. The core objective behind MCL is the provision of secure credit services to the large BSC community. MCL is also the first lending protocol to offer flash loans on the SC.

MCL was forked from the Aave Protocol, but whereas Aave is an Ethereum-based protocol. MCL offers cheaper flash loan rates as well as shares more revenue to its users than Aave does. Investors earn interest by committing their assets to lending pools, from which funds are made available to borrowers. MCL also leverages the Binance Smart Chain to deliver faster transactions with lower gas fees.
Features of Multi-Chain Lend
- It uses an algorithmic market model. Both Stable and variable interest rates are available to borrowers.
- It advertises itself as a secure platform. The protocol’s smart contracts have been audited by reputable blockchain security companies, CertiK and Bramah Systems.
- Offers conventional DeFi lending as well as flash loans.
- Users can leverage on BSC’s fast speed and low gas fees. This will be of particular benefit in flash loans.
How It Works
The Multi-Chain Lend protocol has seven structures that work together as an ecosystem. These are:
- Lenders
These are users who support the protocol by donating their assets to a pool controlled by a smart contract. A user could then use his deposited assets as either collateral or liquidity.
- Borrowers
They are users who borrow assets from the system. To be able to borrow, they would need to provide other assets as collateral except in requests for flash loans in which case collateral is not required.
- Repayment and Withdrawal
The protocol allows either party to partially or totally close their exposure.
- Flash Loans
Multi-Chain Lend supports flash loans. A borrower can borrow assets from the pool without having to provide any collateral. The only caveat is that the borrowed assets and accrued interest must be paid back in the same blockchain transaction.

- Governance
Multi-Chain Lend is designed to be community-driven. The platform’s native token will give holders the rights to take part in making decisions about the protocol’s development.
- Incentives and Rewards
Participants in the lending pool earn interest from the rate charged to borrowers and other fees earned by the protocol.
- Multi-Chain
The protocol began as a Centralized Finance provider (CEFI) on the Ethereum blockchain and expanded to DeFi on the Binance Smart Chain. MCL supports multichain interoperability by having a mechanism for converting CEFI platform tokens(MXX) to DeFi’s (bMXX), and vice versa.
Multi-Chain Lend Tokenomics
The native token of the MCL protocol is the bMXX. It is the governance token for the platform.
$bMXX has a total supply of 13,000,000 and is trading on the decentralized exchange, Pancakeswap.
To acquire governance privileges, holders are required to stake their bMXX in the governance pool. When they do so, they will also be eligible to share a portion of the protocol’s revenue etc. Here is further information about bMXX.
Future Plans
So far, the Multiplier Protocol’s development team has accomplished several milestones. These include launching its automated market maker (AMM) decentralized exchange, TakoSwap, and being audited by first-class security and audit company, Certik.

Other plans for the immediate future are
1. Integration of the protocol’s tokens with more DEX wallets.
2. Increase collaboration with partners to boost adoption.
3. Provide Software Development Kits(SDK) and other incentives to encourage developers build apps for the platform.
More details about the platform’s projections can be found here.
Conclusion
Multi-Chain Lend is the first platform to offer flash loans on the ever-expanding Binance Smart Chain network. While Flash loans are generating growing interest in DeFi, The Binance Smart Chain is witnessing lots of users and developers migrating to its platform. Multi-Chain Lend is well-positioned to leverage the Binance Smart Chain and become a successful project.
For more information about Multiplier Protocol and Multi-Chain Lend, visit the protocol’s media pages
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News 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.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News 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.
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'Floktober' marks the beginning of the year's final quarter, and FLOKI's community may be expecting some significant announcements to emerge...
Unlocking the Exciting Potential of October for Floki
Certain moments stand out as pivotal junctures in the world of cryptocurrencies. For the Floki community, one such moment is the arrival of October, affectionately dubbed "Floktober." It is a name born from the collective enthusiasm of Floki's community.
This is the start of the year's final quarter, and some significant Floki-themed announcements may be on the horizon.
A Glimpse into Floki's Roadmap
Behind this excitement lies a compelling reason: many major milestones on Floki's roadmap are nearing fruition.
#FLOKI 2023 ROADMAP UPDATE
— FLOKI (@RealFlokiInu) June 22, 2023
We are VERY CLOSE to delivering on several key promises on the $FLOKI 2023 roadmap, so we believe an update is long overdue to show where we are at.
Here is a quick overview of some of the exciting things our devs are working on behind the scenes that… pic.twitter.com/EjGj284jCk
These impending developments encompass a spectrum of significant initiatives, including staking, a noteworthy upgrade for the FlokiFi Locker, introducing a mysterious protocol named Project TL, and the eagerly awaited mainnet launch of Valhalla, Floki's groundbreaking metaverse game.
FLOKTOBER! ⏳⏰🔥
— B (Da Viking) (@100bviking) September 22, 2023
"B," a prominent member of Floki's core team, has provided insights into the heightened anticipation within the community.
“October has historically been a good month for crypto. Even more so for Floki! So much so that our community has named the month of October "Floktober". This is generally used to refer to the good vibes and positive news that tend to come in for Floki in the month of October,” 'B', a core team member at Floki, told BSC News. “I don't think this October will be different. Our team has been working extra hard for a long time now, and I believe starting in October and leading to the end of the year, we can finally start showing what we've been working on!”
Lets delve into the updates that may soon emerge:
FlokiFi Locker: A Key Upgrade on the Horizon
FlokiFi Locker, the digital asset locker protocol introduced by the Floki team, is set to undergo a significant upgrade. This versatile platform allows users to securely lock various assets, including Liquidity Pool (LP) tokens, fungible tokens, NFTs, and multi tokens, reducing the the risk of a rug.
Currently, FlokiFi boasts an impressive $8.77 million worth of assets locked, accompanied by 72 NFTs. Prominent projects like ApeSwap, Biswap, and Chainlink have already chosen to collaborate with Floki for FlokiFi Locker. The community might anticipate a crucial upgrade announcement in the fourth quarter of this year.
Project TL: A Mystery Waiting to Unfold
Another development ostensibly on the horizon is the unveiling of Project TL. At this point, the details surrounding Project TL remain hidden in mystery, leaving the community in eager anticipation. Followers hope for more information to emerge as the days unfold, shedding light on this unknown project's purpose and potential impact.
Valhalla Metaverse Game Release: A Gaming Revolution
In gaming, Floki's Valhalla metaverse game is generating considerable excitement. Set to be released in Q4 2023, Valhalla represents a play-to-earn NFT gaming metaverse, combining blockchain technology and immersive gaming experiences.
Valhalla rewards players not only with $FLOKI for their in-game battles but also with complete ownership of in-game assets, which they can freely trade on platforms like FlokiPlaces. This metaverse game, powered by the FLOKI token, reportedly incorporates A-level game mechanics on the blockchain. This includes on-chain gaming interactions and upgradeable NFTs.
As Floktober approaches, the Floki community eagerly awaits these upcoming events, each carrying the potential to shape the future of Floki.
Floktober's Potential
Floki has sought to turn "Floktober" into a beacon of innovation and anticipation each year. Over recent times, the organization has utilized October as a canvas for its marketing endeavors, calling it "Floktober."
One of the boldest strokes in Floki's marketing palette was witnessed in October 2021. The cryptocurrency embarked on an audacious journey, commandeering 300 iconic London red city buses and adorning The Tube Underground with its branding for the entire month.
With this, Floki harbors a vision of broader mainstream exposure, with the ultimate goal of being embraced by a more extensive and diverse user base.
A Macro Support Zone: Insights from Crypto Tony
Crypto analyst Crypto Tony provides valuable perspective on Floki's current positioning. With an observation that "FLOKI is sat on a macro support zone," there is a sense of stability and resilience underpinning the cryptocurrency.
$FLOKI / @RealFlokiInu - Update #Flokitober is around the corner, and with $DOGE looking hot for a pump, well i expect some magic from the leaders
— Crypto Tony (@CryptoTony__) September 27, 2023
Also note that #FLOKI is sat on a macro support zone. Accumulation time legends pic.twitter.com/XVNrkXoIo1
As we venture deeper into Floktober, the Floki community remains poised for what promises to be an exciting chapter in the cryptocurrency's narrative.
Floki's ability to transform October into a month of celebration, innovation, and strategic advancement is characteristic of its so far dynamic approach to the world of cryptocurrency. With each passing Floktober, the Floki community and its supporters eagerly anticipate the revelations and developments that will shape the Floki ecosystem.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News 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.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News 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.
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