Merlin is a Defi platform that is created with the primary point of compounding and advancing and maintaining sufficient good yield profit from investment. Its main aim is around gas charge costs, APY tracking, securing the motives of Defi users which is to augment their yield farming for a minimal price.
MISSION
The Merlin team has a special mission of upgrading financial freedom, access, and power for each users of cryptocurrency. It has set plans to accomplish this which include:
Creating of extraordinary product across the crypto blockchains
Creating products features that will impact token utility and introduction mechanisms that will manage the accessibility of tokens to improve its worth.
Guaranteeing security of the system and assets through routine audit and occasional security checks.
Establishing accessible blockchain product through user centricity
MERLIN ECOSYSTEM
The Merlin ecosystem begins with the vaults where users stake their token. They are rewarded in LP generated by the Boosted Yield Convertor, which augment the users profit through the conversion of 30% of the intensified vault profit into MERL tokens to reward the investor.
Vaults are financial instruments invested in automated machines with procedures pointed toward amplifying its yield. Merlin utilizes it to intensify its users assets, with the intensifying time going from each 2-4 hours.
MERLIN TOKEN (MERL)
MERL is the native token of Merlin Ecosystem. Its holders will add to the governance of the ecosystem and get an a share in the fees realiszed from the community transactions.
MERL is minted through contracts. 25 MERL minted and distributed for each 1BNB in the MERL reward.
MERL can be purchased in Pancakewsap MERL-BNN pool: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xDA360309C59CB8C434b28A91b823344a96444278
Or using the contact address: 0xda360309c59cb8c434b28a91b823344a96444278
MERLIN AUDITS AND SECURITY
The Merlin platform is based on blockchain smart contracts to guarantee the security of its transaction. The contracts will be completely and regularly evaluated and audited by a well known audit firm. They likewise applied timelocks on every one of the smart contract, stating the timeframe needed to impact changes in any contract.
MERLIN LAB'S UPGRADED SECURITY STRATEGY
The Merlin team has a some measures carried out in the system lab to secure it from attack. Such include:
Implementating Fair LP Price calculation:
This is the combination of fair asset price with fair assets reserved to understand a reasonable LP token value that is protected from attack and can't be manipulated.
Preventing external Smart contract interaction:
To control and lessen flash loan attack which can happen via smart contracts, Merlin has prevented outside smart contracts from interacting with its contracts.
Introducing Insurance Policies:
Merlin users will have to get a insurance policy cover for their smart contracts against the disappointment of the contracts.
The team will persistently conduct check an eye on the contract to guarantee its security and improve its standard and value.
Know More About Merlin Here:
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_?s
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/
Website: https://www.merlinlab.com
Writen By: Victor6449
Telegram username: @Victor6449
Twitter: @Victor6449
BSC Address: 0x2721be0B768cDe59EDaA4B2ABe1e97C7aA37aec1