Merlin lab: The BSC-based yield aggregator

Introduction: DeFi keeps on growing and expanding, and more people keep participating and being a part of its process. DeFi projects are also introduced on a daily basis to the DeFi space, although not all these projects are really what they claim to be. Users present in the DeFi space just have to be careful enough to avoid projects that look like a scam in order to keep their funds safe.
In as much as there are so many DeFi projects available, most DeFi projects fail to recognize the compounding aspect of farming, and this is why Merlin lab has seen the need to provide farmers and users in general the opportunity to accumulate different tokens whenever they stake the platform's token and auto-compound their assets. The platform knows the true benefits that comes with auto-compounding assets and earning different cryptocurrencies when you simply stake a cryptocurrency, which is $MERL in this case.
The focus of Merlin lab is to concentrate on maximum returns from auto-compounding of assets. Merlin lab manages the gas fees, strategies of maximum yields, security and many others to improve the experience of yield farming for users. And, all this is done at a cost-effective price.
What is the reason behind the building of Merlin lab?
The DeFi sector has boosted the whole cryptocurrency space, and it is for the greater good as the presence of DeFi has added more ways which users can gather profits from the crypto world. There are so many DeFi projects run on the Binance Smart Chain(BSC), yet there is no project that fully represents farming operations functionally for users.
The combination of the platform's practicality and yield maximization makes the Merlin lab an extensive DeFi project. The platform aims to provide users with more cryptocurrencies through their native token, and compound their assets in the process.
Merlin lab token
The Merlin lab token is known as $MERL, and is the native governance token of the platform. The users who hold MERL govern the operations of Merlin lab and also earn whenever the overall fees of the platform is distributed. The token can be minted through their smart contracts. Whenever 1BNB is disbursed in the $MERL reward vault, 25 MERL are minted and disbursed. Plans are being carried out to list the token on CEX and DEX exchanges.
Merlin lab doesn't currently have a maximum supply of MERL due to the reason that they want to fully utilize the utility of the token to fit into the development roadmap of the platform.
Numerous deflationary methods have already being arranged to reduce the supply of MERL and keep the price surging upwards. The following are mechanisms that have been put in place:
Buy-back and burn: $MERL tokens are bought back when a burn contribution occurs(50%) as it will help to maintain the price of $MERL when there is a market volatility.
Lottery: $MERL tokens are bought and invested into the lottery pot when a burn contribution occurs(50%), and 20% of that lottery pot is burnt.
Other deflationary mechanisms are going to be suggested and implemented as time goes on.
Utility of $MERL

1. Users can earn key cryptocurrencies when they stake $MERL.
2. The token can be used for governance functions within its ecosystem.
3. Users can earn more $MERL during the upcoming lottery.
4. Users can earn through cross-chain profits(soon to be added).
   Launch promo:
5. Magical Merlin pool: This particular pool is for early holder of $MERL, and it has a higher APR. It will run together with the original MERL pool.
6. Launch emissions: It will begin at 30 BNB, but with time, it will be reduced.
   Summary of Merlin ecosystem
7. The ecosystem of Merlin lab starts with the vaults. Immediately users stake using their vaults, the yield accumulation process automatically begins using the platform's algorithm
8. The rewards gotten from the vaults are LP rewards and the platform's native token(MERL). MERL's share of rewards is derived by the Boosted Yield Converter.
9. This Boosted Yield Converter increases the users profits because it exchanges 30% of the rewards gotten from the vaults with MERL, and whenever the MERL token appreciated, the user's profits also increases. The users can also stake their MERL tokens to earn key cryptocurrencies and enjoy high APRs.
10. The accumulated Boosted Yield Converter are converted into BNB and re-allocated as the rewards gotten from MERL pool at its LP treasury.
11. Everytime 1BNB is converted from the Boosted Yield Converter, 25 MERL are minted. This is the rate of the platform's launch emission, although it will be decreased in future to stabilize the supply of MERL.
12. For every 100 MERL minted, 13 of these tokens will be used to develop the platform's product and marketing operations.

Difference between APR and APY
APR is simple interest that was gathered from an investment within the period of one year.
APY is compound interest that was gathered from an investment within the period of one year. The APY on some notable exchsnges usually changes, so the APY of Merlin lab will also change. APY increases when you extend the period you have used to stake your assets in the vaults.
Security standards of Merlin
The platform is managed by experts in the blockchain and cybersecurity sector, so users funds are going to be well guarded. One of the platform's priorities is to present good security standards to their users, and this is why they plan to pass all their audits through three blockchain security audits. They include Hacken, Certik and Haechi. Hacken has already been passed, and just the two other audits left for Merlin to complete. To further allow for a tighter security, before any product development is released in the future, it will pass through these security audits to confirm if they are ready for release to the market. Timelocks has also been added to the operations of Merlin to further protect users and their assets. Time locks have also been added to the vaults as this is where the whole process of accumulating returns begin.

For more information Visit :
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Telegram Bounty Rewards Group: https://t.me/merlinbounty
Twitter: https://twitter.com/Merlinlab
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/
Website: https://www.merlinlab.com

PUBLISHERS DETAILS :
Bitcointalk Username : Balili

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2659344

BEP-20 WALLET ADDRESS : 0x7752137343F6E5e4e40f28D7BA28Cd0cCa334dCB