Summary
Multi-Chain Lend (MCL) is an algorithmic money market system designed to bring secure and unique lending and borrowing opportunities like flash loans onto the Binance Smart Chain. The protocol designs are architected and forked based on Aave with revenue sharing components for liquidity providers and token holders that govern the protocol. bMXX, a BEP-20 token, will be the governance token of Multi-Chain Lend (MCL).
AAVE
Multi-Chain Lend (MCL)
Token Chain
Ethereum
Binance Smart Chain
Token Ticker
Aave (Aave)
(100 Lend : 1 Aave)
bMXX
Conversion rate (100 MMX : 1 bMXX)
MXX converted to bMXX are burned
Token Utility
· Protocol Governance
· Safety Module
· Earn Aave (Aave)
· Protocol Governance
· Revenue Sharing
· Participation Incentives (earn bMXX)
Interest Type
· Fixed
· Variable
· Fixed
· Variable
Flash Loan
Yes
Yes
Borrow Fees
Starting at 0.25% of loan origination fee.
· 80% Swap to LEND token and Burned
· 20% for referral integrators
0.001% of loan origination fee.
Distribution:
· 70% to Liquidity Provider
· 20% Governance Pool
· 10% Reserve Pool
Flash Loan Fees
0.09% fee
· 70% for Liquidity Provider
· 24% Swap to LEND token and Burned
· 6% for referral integrators
0.06% fee
Distribution:
· 70% to Liquidity Provider
· 20% Governance Pool
· 10% Reserve Pool
Liquidation Fee
5% - 15%
10%
Last modified 7mo ago
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