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Welcome to the Multi-Chain Capital General! This thread is for all things related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a Service) and IaaS (Investing as a service. >Latest news: -MCC will now offer multi-nodes for passive income. As an industry first, you can sell your nodes as NFT's. https://link.medium.com/KHKPynYQgnb -1/29 announced hiring of Justin Wu as their professional farmer. (Wu has hosted conferences with Mark Cuban in attendance.) >Current market cap: 85 million >What is MCC? You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning the profits to holders. MCC does Faas (farming as a service) with a deflationary model. For every trade people make with MCC, there is a 8% tax. Half of the tax goes to holders (in MCC), straight in your wallet, no staking needed. The other half of the tax goes to treasury. With the treasury they farm on multiple chains and generate profit. Profits are used to do buybacks. Buybacks are used to: 1)add liquidity to liquidty pools (100 years lock on liquidity) 2)burn tokens Buybacks push price higher (so your holdings increase in value) and also burn tokens. >Burn: Every transaction generates reflections that in part go in the burn wallet. 40% of circulating supply is already burned in the burn wallet. You not only have your APY, but you have it on a deflationary token burning 24/7. >What is the flagship suite? The first product is Multi-print: the industry’s first multi-chain, multi-reward earning product and features innovations like Auto-Claim and Rotating Reward Pools. To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please check: https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a >New website: http://mchain.capital >Medium https://multichaincapital.medium.com/ >Twitter https://twitter.com/mulchaincapital
Welcome to the Multi-Chain Capital General! This thread is for all things related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a Service) and IaaS (Investing as a service. >Latest news: -MCC will now offer nodes for passive income. However, as an industry first, you can sell your nodes as NFT's. -New treasury purchase of $100k of CVX -1/29 announced hiring of Justin Wu as their professional farmer. (Wu has hosted conferences with Mark Cuban in attendance.) >Current market cap: 64 million >What is MCC? You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning the profits to holders. MCC does Faas (farming as a service) with a deflationary model. For every trade people make with MCC, there is a 8% tax. Half of the tax goes to holders (in MCC), straight in your wallet, no staking needed. The other half of the tax goes to treasury. With the treasury they farm on multiple chains and generate profit. Profits are used to do buybacks. Buybacks are used to: 1)add liquidity to liquidty pools (100 years lock on liquidity) 2)burn tokens Buybacks push price higher (so your holdings increase in value) and also burn tokens. >Burn: Every transaction generates reflections that in part go in the burn wallet. 40% of circulating supply is already burned in the burn wallet. You not only have your APY, but you have it on a deflationary token burning 24/7. >What is the flagship suite? The first product is Multi-print: the industry’s first multi-chain, multi-reward earning product and features innovations like Auto-Claim and Rotating Reward Pools. To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please check: https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a >New website: http://mchain.capital >Medium https://multichaincapital.medium.com/ >Twitter https://twitter.com/mulchaincapital
Welcome to the Multi-Chain Capital General! This thread is for all things related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a Service) and IaaS (Investing as a service. >Latest news: MCC will now offer nodes for passive income. However, as an industry first, you can sell your nodes as NFT's. >Current market cap: 56 million >What is MCC? You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning the profits to holders. MCC does Faas (farming as a service) with a deflationary model. For every trade people make with MCC, there is a 8% tax. Half of the tax goes to holders (in MCC), straight in your wallet, no staking needed. The other half of the tax goes to treasury. With the treasury they farm on multiple chains and generate profit. Profits are used to do buybacks. Buybacks are used to: 1)add liquidity to liquidty pools (100 years lock on liquidity) 2)burn tokens Buybacks push price higher (so your holdings increase in value) and also burn tokens. >Burn: Every transaction generates reflections that in part go in the burn wallet. 40% of circulating supply is already burned in the burn wallet. You not only have your APY, but you have it on a deflationary token burning 24/7. >What is the flagship suite? The first product is Multi-print: the industry’s first multi-chain, multi-reward earning product and features innovations like Auto-Claim and Rotating Reward Pools. To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please check: https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a >New website: http://mchain.capital >Medium https://multichaincapital.medium.com/ >Twitter https://twitter.com/mulchaincapital
>Recent News: MCC Nodes will be available. Unlike others, MCC nodes can be sold as NFT's. Welcome to the Multi-Chain Capital General! This thread is for all things related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a Service) and IaaS (Investing as a service. >Current market cap: 41 million >What is MCC? You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning the profits to holders. MCC does Faas (farming as a service) with a deflationary model. For every trade people make with MCC, there is a 8% tax. Half of the tax goes to holders (in MCC), straight in your wallet, no staking needed. The other half of the tax goes to treasury. With the treasury they farm on multiple chains and generate profit. Profits are used to do buybacks. Buybacks are used to: 1)add liquidity to liquidty pools (100 years lock on liquidity) 2)burn tokens Buybacks push price higher (so your holdings increase in value) and also burn tokens. >Burn: Every transaction generates reflections that in part go in the burn wallet. 40% of circulating supply is already burned in the burn wallet. You not only have your APY, but you have it on a deflationary token burning 24/7. >What is the flagship suite? The first product is Multi-print: the industry’s first multi-chain, multi-reward earning product and features innovations like Auto-Claim and Rotating Reward Pools. To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please check: https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a >New website: http://mchain.capital >Medium https://multichaincapital.medium.com/ >Twitter https://twitter.com/mulchaincapital
MIM about to lose peg
Welcome to the Multi-Chain Capital General! This thread is for all things related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a Service) and IaaS (Investing as a service. >Current market cap: 41 million >What is MCC? You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning the profits to holders. MCC does Faas (farming as a service) with a deflationary model. For every trade people make with MCC, there is a 8% tax. Half of the tax goes to holders (in MCC), straight in your wallet, no staking needed. The other half of the tax goes to treasury. With the treasury they farm on multiple chains and generate profit. Profits are used to do buybacks. Buybacks are used to: 1)add liquidity to liquidty pools (100 years lock on liquidity) 2)burn tokens Buybacks push price higher (so your holdings increase in value) and also burn tokens. >Burn: Every transaction generates reflections that in part go in the burn wallet. 40% of circulating supply is already burned in the burn wallet. You not only have your APY, but you have it on a deflationary token burning 24/7. >What is the flagship suite? The first product is Multi-print: the industry’s first multi-chain, multi-reward earning product and features innovations like Auto-Claim and Rotating Reward Pools. To see the rewards basket options (LINK, ETH, MIM, TIME, FLOKI, METIS, BTRFLY), please check: https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a >New website: http://mchain.capital >Medium https://multichaincapital.medium.com/ >Twitter https://twitter.com/mulchaincapital
>The rundown Abracadabra is a lending platform in which users can deposit assets to borrow a $1 stablecoin called Magic Internet Money (MIM). Abracadabra was created by Daniele Sesta who was also the architect along with Sifu of Wonderland, an OHM fork on the AVAX network. Yesterday it was discovered that Sifu's identity is Michael Patryn, a convicted felon who rugpulled the QuadrigaCX CEX in 2019 to the tune of $169m. Red flags were quickly raised as people figured out Patryn has access to the $710m in the Wonderland treasury. What's worse, Patryn and Sesta have been trying to merge Abracadabra and Wonderland together into one super DeFi protocol [mediumcom/the-defi-wonderland/frog-nation-abracadabra-and-wonderland- united-front-276cb0d723ab]. If this goes through then the collateral backing MIM stablecoin will be in the hands of a known rugger and so people are rapidly cashing it out into other stablecoins as we speak. The largest MIM-stable liquidity pool is the MIM-3Crv pool (picrelated) which holds MIM/USDC/USDT/DAI and under normal circumstances would split these 25% each way. However fears around MIM has results in a bank run as people cash out their MIM for any of the other three, right now the pool is weighted 78% MIM and 22% 3Crv and is rapidly falling. This pool is by far the biggest, containing $1.7billion worth of stablecoins so if it depegs then it's lights out for MIM and any shitcoin you hold that is paired against MIM as its primary liquidity pair. TL;DR: get the fuck out of all of your assets that are MIM-backed and watch the trainwreck as it unfolds.
Welcome to the Multi-Chain Capital General! This thread is for all things related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a Service) and IaaS (Investing as a service. >Current market cap: 41 million >What is MCC? You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning the profits to holders. MCC does Faas (farming as a service) with a deflationary model. For every trade people make with MCC, there is a 8% tax. Half of the tax goes to holders (in MCC), straight in your wallet, no staking needed. The other half of the tax goes to treasury. With the treasury they farm on multiple chains and generate profit. Profits are used to do buybacks. Buybacks are used to: 1)add liquidity to liquidty pools (100 years lock on liquidity) 2)burn tokens Buybacks push price higher (so your holdings increase in value) and also burn tokens. >Burn: Every transaction generates reflections that in part go in the burn wallet. 40% of circulating supply is already burned in the burn wallet. You not only have your APY, but you have it on a deflationary token burning 24/7. >What is the flagship suite? The first product is Multi-print: the industry’s first multi-chain, multi-reward earning product and features innovations like Auto-Claim and Rotating Reward Pools. To see the rewards basket options (LINK, ETH, MIM, TIME, FLOKI, METIS, BTRFLY), please check: https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a >New website: http://mchain.capital >Medium https://multichaincapital.medium.com/
Welcome to the Multi-Chain Capital General! This thread is for all things related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a Service) and IaaS (Investing as a service. >Current market cap: 41 million >What is MCC? You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning the profits to holders. MCC does Faas (farming as a service) with a deflationary model. For every trade people make with MCC, there is a 8% tax. Half of the tax goes to holders (in MCC), straight in your wallet, no staking needed. The other half of the tax goes to treasury. With the treasury they farm on multiple chains and generate profit. Profits are used to do buybacks. Buybacks are used to: 1)add liquidity to liquidty pools (100 years lock on liquidity) 2)burn tokens Buybacks push price higher (so your holdings increase in value) and also burn tokens. >Burn: Every transaction generates reflections that in part go in the burn wallet. 40% of circulating supply is already burned in the burn wallet. You not only have your APY, but you have it on a deflationary token burning 24/7. >What is the flagship suite? The first product is Multi-print: the industry’s first multi-chain, multi-reward earning product and features innovations like Auto-Claim and Rotating Reward Pools. To see the rewards basket options (LINK, ETH, MIM, TIME, FLOKI, METIS, BTRFLY), please check: https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a >New website: http://mchain.capital
Just want to remind you bros that this coin is a scam. >Whales get rich, want to risk off, already "made it" >Take profits to stables >Use curve to LP to gain some trading fees, rewards aren't that great though >Shill CRV to crypto twitter noobies who entered in the past year to boost their own APY Pretty transparent. Your favorite whales generally aren't buying your farm tokens. They are LPing to earn them while staying delta neutral. They may hold some, but the reason after some people "made it" the narrative changed to curve was because they need a way to make money on stables. What better way to shill a previously worthless farm and dump token to you guys? The main thing curve is good for is redirecting more curve rewards. What happens during a bear? Curve goes down in value. This means it is less appealing to hold curve to direct curve rewards to pools. This creates a feedback loop and causes a massive drop in value. Your favorite "decentralized" stablecoin is on curve life support. No one actually wants pajeet shitcoins like MIM. No big player is taking profit to that. There is no organic demand. That is also why SPELL was shilled so heavily. Farm and dump token that could boost yield for the whales sitting in stables. After curve dies down a tad most of these shitcoins depeg. No one will LP them without the false demand. Remember to take profits frens. I'm out of this for now. if the market gets bad, this is going to tumble downards in a hurry. Curve will survive, good protocol and team, but farm and dump tokens do not do well in anything other than a bull. Don't let the whales trick you into becoming their yield.
>>44840871 I think the problem is people still think this is a "vision" and not a threat to ETH/crypto itself. This isn't some Kumbaya project to decentralize money for fun, its becoming a necessity. The fact is that most of DeFi uses USDT/USDC and either of those could be completely frozen at any time. US regulator doesn't like a DeFi protocol? Just have USDC/USDT freeze all stables in that contract. This is possible, it may not be the most likely outcome, but it is a huge systemic risk to the system. Also, you have to realize there is a risk of too much USDC/USDT reliance could allow Tether or Circle to decide the outcome of an ETH fork. Couple of people have discussed this, like that tranny Lyn Alden and a few others. The reason I am in FLX is because I believe RAI is a huge net gain for blockchain/ETH ecosystem. This is the same reason I bought LINK in 2017, I saw the potential benefit of oracles for ETH/blockchain ecosystem. Every other stablecoin right now is dogshit. Name one that isn't. USDT/USDC/PAX, etc. = Uses centralized entities that hold dollars and could be regulated MIM = Huge smart contract risk, tons of dog shit collateral, including USDC, no real demand for the stablecoin itself, other than to farm on curve FRAX/FEI = not even fully backed DAI = fully backed but has tons of USDC backing it now to keep it from going off peg LUSD = Probably the closest thing to RAI, but it has a peg to $1, this is a problem because of regulation AND it will likely face the same issues DAI had during black thursday. Only a matter of time that people catch on to the fact that most of these stables have zero demand other than the incentives. RAI is one of the few things people seem to want to hold since it has full backing. USDT/USDC/DAI all survived at the beginning because people actually wanted to hold them. During a bear, no one will want to hold something like UST (Luna's Stable) because its an algo and a drop could ruin it.