There's an explanation Decentralized Finance also known as DEFI have stayed sought after notwithstanding being dark horses in the crypto space. It's the chance of a bigger check.
It is however worthy to note that DeFi offers crypto and tech enthusiasts the chance to maximize higher profits to the detriment of the centralized financial systems. It's surely not about that 'everybody cherishes the longshot' as guaranteed by many.
This is going ahead the impact of several failed and unsuccessful platforms, misuses and other security concerns. There are considerable dangers implied, yet the additions are too weighty to even think about overlooking. This development ushered in the birth of a unique innovation with solid technology and fundamentals behind. This project is none other than Merlin Labs!
ABOUT MERLIN
Merlin is one of a few yield aggregators that is taking the Decentralized Fiance by feet. With Merlin's capacities as a yield aggregator, offering enthusiasts the opportunity to maximize their investments through the automatic compounding. Furthermore, to be able to use and benefit from this, you will need to stake your liquidity pool tokens into the available pools on the Merlin platform.
What you'd get as rewards from your stakings in the various pool are compounded automatically. This will enable users staked and earned rewards to be increased while being compiled and compounded. On Merlin, investors can also get to be rewarded in other pools for staking MERL, the native token.
INTRIGUING FEATURES AND BENEFITS OF MERLIN LABS
- Merlin isn't the usual yield aggregator we see about. 2. Merlin Labs is one with a great difference. Its native token (MERL) is one major uniqueness of the platform as it majorly rewards holders of the token.
- Another intriguing feature of Merlin Labs is that they have initiated a buy back and burn strategy. This is a very important strategy taken by virtually every project to reducing and burning off some of the token total supply. This will go a long way increasing the value of MERL token.
- Getting MERL is pretty much as simple as buying other tokens on exchanges. Holders of MERL will be able to exclusively take part in the stake pools in the platform to earn some tokens.
- Another intriguing feature of Merlin Labs is the fact that it launches on Binance Smart Chain. This is in a bid to curbing the excessive transaction fee caused by ethereum network. Users on Merlin Labs will be able to trade seamlessly at little or almost zero transaction fee.
- Also, in the future, Merlin plans on moving to a cross-chain. That is, integrating other blockchains into the platform to allow users multiple choices.
WHY YOU SHOULD USE MERLIN LABS?
Among every other yield farming aggregators, here are shocking and valid reasons why you should use MERLIN LABS:
1.Merlin Labs is a trusted and safe yield farming aggregator ever on the space right now.
2.Merlin Labs has been verified by Hacken. Hacken Ai is a very trusted and credible platform that verifies and certifies projects. Hence, for Merlin Labs to be verified by Hacken Ai means a lot. Certik verification is also in progress.
3.Merlin Labs has a strategic token burn and buy/back strategy. This shows that Merlin is in for business and long term.
4.Merl token is another major reason why you should use the platform as holders of MERL have the best rewarding pools to stake and earn more tokens.
5.Another reason why you should use Merlin Labs is its auto-compounding YieldFarming. Stakers don't need to go through the stress of compounding their earned rewards. Merlin does this for them auto.
6.Another top notch reason why you should try out and stick with Merlin is that transactions executed costs are minimal. That is, you don't have to pay heavy transaction fees for using the platform.
CONCLUSION
In conclusion, we have seen several YieldFarming aggregators out there but we can testify on the significance and importance of Merlin Labs. Merlin is a YieldFarming aggregator with a difference.
Merlin has broken up the yoke to becoming the very first simple, cost efficient and AUTO-COMPOUNDING YieldFarming aggregator out there based on Binance Smart Chain. What are you waiting for? Begin a better and smooth YieldFarming with Merlin. Learn more about this project in the links below:
For more information, you can follow Merlin's global community:
TWITTER: https://twitter.com/MerlinLab_
MEDIUM: https://link.medium.com/1ZQChjhFIfb
TELEGRAM ANNOUNCEMENT: https://t.me/merlinannouncements
TELEGRAM COMMUNITY: https://t.me/merlinlab
TELEGRAM BOUNTY: https://t.me/merlinbounty
Article Written By Me. You can connect me on telegram Via: @Monacoll