Introduction: Decentralization is now taking over every centralized concept that was known to exist. Most individuals are now looking for comfort in decentralized businesses and operations. DeFi is another concept we're familiar with, and even with the large number of DeFi projects we have on the BSC, there is no effective farming DeFi project for yield farmers. The Merlin Lab platform has brought up a way for yield farmers to also earn like the rest of the users in the DeFi world.
Merlin Lab is an auto-compounding aggregate and yield generator on the BSC. This platform is unique in its own way. One unique feature of this platform is its integrated fees into the APY and APR of users' yields. They also take care of gas fees of users tracks their APY.
Key points of Merlin Lab
Since the platform knows the benefit that comes with auto-compounding of assets and gathering of key cryptocurrencies, they have brought forward this platform.
- The platform serves as a yield accumulator that helps to maximize users' rewards.
- Users can use it as an opportunity to gather key cryptocurrencies when they stake $MERL.
Merlin security and audits
Security is an important factor in the Merlin platform, and to fulfill that, the platform has gone ahead to make use of 3 different security audits to ensure that. The audits include Hacken(it has already been completed), Certik and Haechi labs.
Smart contract security
Smart contracts are for the best in the blockchain world, and it allows dApps to associate with cryptocurrencies. All the smart contracts of Merlin go through a series of notable security audits before they are ready for operations. Also, in the future, any product that is ready for production will have to be audited before its final release to the public for use.
Time locks have also been placed in certain places in the smart contracts to keep users' data and funds safe. The platform has also employed time locks in all their vaults to emphasize on the need for security in the platform.
Roadmap
The roadmap of Merlin Lab is not based or restricted to a fixed timeframe.
Mission: Merlin Lab looks forward to a day when users are allowed to exercise their rights on their assets and preferred platform in the digital economy.
Long term goal
Develop a number of products that will not be limited to only the BSC but other chains.
Push the price of MERL upwards through adding complementary product features that will help increase the capabilities of the token. Deflationary mechanisms will also be added on the way to stabilize the supply of MERL.
Improve security on the platform by auditing, multi signature procedures and security updates.
Develop blockchain products to encourage user-centricity and betterment.
Conclusion: This platform has a lot to offer its users, so come onboard and be part of it. Recently, the Merlin platform faced some attacks from scammers through flash loan attacks, but necessary steps have been taken to avoid it in the future.
Merlin important links:
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 Informations :
Bitcointalk Username : Ubaraw
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835216
Bep-20 Wallet Address:0x50B5253269ce366EaaB8F35142c905827B6D672A