Optimizing profits with MERLINLAD

Defi is a term given to financial services that have no central authority or someone in charge. The rise of decentralized finance has been a tremendous boon for the whole cryptocurrency sector. Despite the proliferation of DeFi products on Binance Smart Chain (BSC), no functional farming project has truly facilitated users comprehensively. Using decentralized money like certain cryptocurrencies that can be programmed for automated activities, we can build exchanges, lending services, insurance companies, and other organizations that don’t have an owner and control by anyone.

These Decentralized finance systems use protocols, cryptocurrencies, and smart contracts to build the application (dapps) on Ethereum and Binance smart chain which are open to all. The traditional finance system is centralized, opaque, and dependent on few entities of the system while the purpose of Defi is to create a financial ecosystem that is opposite to centralized finance in terms of open source, permissionless, transparent, and without any central authority. In Defi, users can control their own assets and manage them for high returns interacting with Dapps.

What Is Yield Farming in Decentralized Finance

What is Merlin?

How CAKE Maximizer works

• John deposited his BTCB-BNB LP into the Merlin CAKE Maximizer vault
• Merlin’s smart contract takes care of all the behind-the-scenes mechanics: Putting John’s assets into PancakeSwap, collecting CAKE rewards, and automatically pooling CAKE rewards directly into the CAKE pool at the optimal frequency to Guaranteed maximum profit

Merlin exists to increase freedom, accessibility, and property sovereignty for everyone in the digital economy. And when joining with Merlin the profit result will be the best, this is really worth looking forward to .

Goal of Merlin

  • Increase the value in MERL tokens by developing complementary product features that will expand the token utility and adding ongoing deflationary mechanisms that will control token supply
  • Optimize protocol security and robustness through audits, multisignature scheme, and periodic security updates
  • Create accessible blockchain products through user-centricity and relentless improvement

Why Merlin?

Benefits of Merlin

  • A yield aggregator that helps you auto-compound your assets
  • An ecosystem that helps your earn more key cryptocurrencies (aka. BTCB, ETH, BNB, CAKE, etc.) by staking $MERL

What is the Merlin token?

$MERL is minted via Merlin smart contracts. For every 1 BNB distributed in the MERL reward vault, 25 MERL are minted and distributed.

$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.
  • Buyback & Burn: 50% of the Burn contribution is used to perform market buy-backs of $MERL tokens to stabilize price during market volatility
  • 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

Token utility

  • Governance
  • Win more $MELR via MERL lottery
  • Receive rewards from cross-chain vaults

How Merlin Works?

  • The vaults rewards will be in the form of LP rewards and $MERL. The $MERL portion of the reward is generated by the Boosted Yield Convertor
  • Boosted Yield Convertor maximizes user’s profits by converting 50% of their auto-compounding vault rewards with $MERL tokens, which will maximize users’ yield:
  • The collected Boosted Yield Convertor will be converted into BNBs and redistributed as MERL pool rewards at $MERL LP Treasury
  • For every 1 BNB converted through the Boosted Yield Convertor, 25 $MERL are minted
  • Every 100 $MERL minted, 13 $MERL will be used to expand the Merlin product suites and global marketing activities

Merlin vaults

  • Each Merlin vault compounds at the most optimal time according to empirical data. This usually ranges between a compound every 2–4 hours.
  • Compounding yourself is an inefficient process in which it is difficult to manage the optimal compounding frequency resulting in lower yields. Merlin save you time and gas fees.

Merlin Security & Audits

As part of Merlin’s unwavering commitment to providing a safe platform for our users, Merlin has commissioned 3 audits from reputable blockchain security audit firms. Merlin’s first completed audit from Hacken Cybersecurity has passed with flying colors.

  • Hacken Cybersecurity — Complete ✅
  • Certik — In Progress
  • Haechi Labs — In Progress

summary

Update project details here:

Telegram Announcement: https://t.me/merlinannouncements

Telegram Community: https://t.me/merlinlab

Twitter: https://twitter.com/Merlinlab

Reddit: https://reddit.com/r/MerlinLab

Medium: https://merlinlab.medium.com/

Proof of Author:

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wallet : 0xBeb4C4547a000c85E211e8D19aD13d7187d48fc3

#MERLIN #MERLINLAD #$MERLIN #DEFi #crypto