Magnify Cash has introduced its cutting-edge DeFi protocol and announced the upcoming Fair Launch of its native token, $MAG. As a leader in financial technology, Magnify Cash aims to transform financial services for both individuals and enterprises.
The Future of Decentralized Credit Markets
Magnify Cash is leading the way in decentralized credit markets by unlocking liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and various 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 a wide range of tokenized assets, including ERC-1155 and ERC-721 tokens. Users can leverage NFTs and tokenized real-world assets like art, real estate, bonds, and luxury goods as collateral, unlocking liquidity without liquidating 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 using linear interpolation and scaling factors, eliminating the need for oracles.
Strategic Alliances and Future Roadmap
Magnify Cash collaborates with leading industry partners like LydianLabs, FjordFoundry, Jiraiya, Tailored, Blaize, 4am, and H3AT Studios, enhancing the platform’s capabilities and reach. Security audits by Guardian Protocol and Gaslite underscore Magnify Cash’s commitment to a secure and reliable platform.
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.
