Merlin Lab Builds High-Yield Farming Platform for Automatic Compound Interest Operations
The world is entering an era of modern technology, everything in life is gradually being converted to the internet. Technology development projects are always appreciated at the present time and its development speed is also an incredible point. I am a person who has many years of working and interacting with the internet, so knowing and interacting with Blockchain related projects is one of my jobs.I think with Blockchain we are gradually getting Entering an age, everything is transparent and easy. With my interest in cryptocurrency projects, today in this article I will share my views on a Blockchain project that I think people will be interested in.
Recently, various asset management has become possible, but in reality it is not easy to obtain high investment profits. DeFi’s liquidity supply pool can significantly reduce this effort and even get big returns through its own tokens. In short, Merlin Lab is a comprehensive DeFi (decentralized finance) platform that combines functionality and profit maximization. You can obtain major crypto assets (BTC, ETH, BNB, CAKE, etc.) as exponential income with automatic compound interest. Generally speaking, when it comes to DeFi projects, Pancake Swap tends to issue unique tokens such as Cake tokens and APE Swaps tend to issue BANANA tokens. It can be said that this is to improve the rate of return by issuing a large number of such unique tokens. However, Merlin Lab distributes Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) as profits, so it has the advantage of being able to operate without worrying about token prices.
Also, while many fraudulent projects are rampant in Binance SmartChain these days, Merlin Lab is particularly focused on security, with multiple measures such as introducing external audits to maintain objective security. It has been taken. Under such circumstances, Merlin Lab. Specifically, 50% of MERL’s burn contributions will be used to buy back the MERL market, stabilizing market volatility. In addition, the remaining 50% of Burn’s contribution will be used to purchase MERL and will be placed in the lottery pot. 20% of the pot will be burned. Other deflationary structures will be introduced that will make the MERL token ecosystem deflationary.
Currently, Pancake swap has 60.57% CAKE-BNB pair and 30.54% BUSD-BNB pair, while Merlin Lab has 105.95% or more CAKE-BNB pair and 45.97% or more BUSD-BNB pair. Given that, it can be said that it is sufficiently competitive. Merlin tokens also aim to be listed on many crypto exchanges (CEX) and decentralized exchanges (DEX). Once listed on the exchange, the value of tokens tends to increase.
How do vaults work? Vaults are automated investment instruments that utilize optimal strategies to maximize yield. Merlin uses vaults to automatically reinvest and compound deposited assets. Vaults comprise of either a single token or a pair of tokens that are invested into liquidity pools.
How often do the Merlin vaults compound? Each Merlin vault compounds at the most optimal time according to empirical data. This usually ranges between a compound every 2–4 hours.
Why can’t I compound myself? Compounding yourself is an inefficient process in which it is difficult to manage the optimal compounding frequency resulting in lower yields. We also save you time and gas fees.
In this example, Merlin show you how our non-CAKE Maximizer vault work:
- John deposited his BTCB-BNB LP into the Merlin vaults
- Merlin’s smart contract takes care of all the mechanics behind the scenes: Staking John’s assets into PancakeSwap, collecting CAKE rewards and optimally switching reward assets into the right ratio to auto-compound more BTCB-BNB LP
- In this case, John will benefit from the magic of compound interest: reinvesting his accumulated interest with his principal and thus receiving an even higher amount of interest reward (aka. “interest on interest”).
How to win? To win the lottery jackpot (50% of the entire lottery pool), users need to match all 4 numbers on their ticket in the exact same order as the 4 winning numbers. There are many chances to win! As long as you match 2 or more numbers in the correct order, you are guaranteed to win a prize.
How are ticket numbers drawn? The lottery aims to be completely random. Even though the ticket numbers given out are determined by a front-end logic, there is an extremely low chance that anyone is able to determine the 4 winning numbers ahead of time. The 1st lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the number of participating users at the entry deadline. The 2nd lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the total pooled Merlin balance at the entry deadline. The 3rd lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the timestamp of the last lottery participant at the entry deadline. The 4th lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the block difficulty at the entry deadline.
$MERL does not have a maximum supply due to the need for a wide distribution of tokens to accommodate for utility within the range of DeFi product suites planned within the upcoming development roadmap. $MERL tokens are minted in proportion to BNB earned on the platform. Multiple deflationary mechanisms are in place to reduce supply and to maintain constant upwards price pressure:
1. Buyback & Burn: 50% of the Burn contribution is used to perform market buy-backs of $MERL tokens to stabilize price during market volatility
2. Lottery: 50% of the Burn contribution will be used to purchase $MERL and injected into the lottery pot. 20% of the pot is burnt
Further deflationary mechanics will be introduced for $MERL ecosystem to become deflationary
How to stake MERL tokens?
1. Go to merlinlab.com
2. Connect wallet.
3. Click on the “Staking” tab.
4. Approve $MERL tokens.
5. Confirm the transaction in MetaMask.
6. Select “Deposit”.
7. Select “Max”.
8. Select “Confirm”.
9. Confirm the transaction in MetaMask.
Where can I buy MERL tokens?
MERL can be traded on Pancakeswap. You can buy MERL from the PancakeSwap MERL-BNB pool here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xDA360309C59CB8C434b28A91b823344a96444278
Contract address of MERL token: 0xda360309c59cb8c434b28a91b823344a96444278
It can be seen that the advent of Blockchain marked the change and transformation of the world. This is considered as one of the technologies of the future society, especially when the Internet and technology 4.0 increasingly develop. Blockchain is considered one of the large data sets, digitized and widely distributed. However, the principle of Blockchain operation is to create a cohesive, non-isolated community. The ability to explore Blockchain technology in modern society, especially society 4.0 like today, has shown the power and prospects of Blockchain. Blockchain offers great savings as well as extremely high security. https://merlinlab.com built on the basis of Binance Smart Chain (BSC) operates yield pharming efficiently as an automatic compound interest yield farming aggregator focusing on the maximum sustainable interest compensation.
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