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$MAG @MagnifyCash is officialy the first protocol to ever receive the FAIR LAUNCH badge on Fjord Foundry
They will launch with 57% of the total $MAG supply initially pooled
But the LBP is only one of the interesting parts here
Let's briefly explore what Magnify Cash is about 🔍
Magnify Cash is a permissionless decentralized Credit Market with lending in any ERC-20 against any ERC-1155 or ERC-721
⛓ The protocol is about to go to Mainnet and they're chain agnostic, meaning expansion to more chains will come soon after
Lending and Borrowing are among the strongest products within DeFi, successful on all chains and the cornerstone of well-functioning DeFi ecosystems
Magnify is also Narrative agnostic ⬇️
Any type of asset and collateral means you can creatively play with digital assets regardless of where the crypto space moves to next
Whichever RWAs or other tokenized assets eventually come on-chain, will be accessible on Magnify Cash
Magnify Cash is built to be a long-lasting project
Some examples of the possible collaterals:
▶️ On-chain assets of all types (NFTs, Gaming Assets), RWAs (Bonds, Luxury Items, Art, Real Estate)
You'll be able to lend and borrow any ERC-20 token: $ETH, Stables, Memes, LP Tokens, LSTs, LRTs, Pendle PTs, Index Tokens...
🟢 Bonus point, the founders are proud holders of Pudgy Penguins and they have the support of the community
The project is very community-centric
The role of $MAG in this ecosystem is to accrue the value of Magnify and bring it back to holders through Revenue Sharing
Along with incentives for further growth and governance
📆 The LBP is Live
It will end tomorrow, July 27, at 12 AM UTC
app.fjordfoundry.com/pools/0x5549aD…
You can find all the details in the Tweet below
x.com/FjordFoundry/s…
Magnify not only received the fair launch tag on Fjord, but also the protocol's incentivized test network is already active on @base
My congratulations on these milestones
Worth checking out
Website: magnify.cash
English