CryptoLinning App Mintrest Unveils New Protocol to Improve DFI »Cryptoninjas

An experienced team of cryptographers and blockchain experts, today unveiled Mintrest, a value-bearing nding and orrow protocol designed to make DFI beautiful for users.

The unveiling of the new protocol follows a recent private funding round that found that the team behind the project raised লার 6.5 million from top-tier investors, including KR1, DFG, CMS, DigiStrats, FOMOcraft, Bitscale Capital, PNYX Ventures, CMT Digital, and Faculty Capital. . .

The Minterest protocol provides users with a decentralized token money market, with a distinct fair incentive framework that will facilitate and promote the widespread adoption of DFIs. What sets DFI apart from Incomes is that it is engineered from the ground up to capture the value it generates.

Using its own buy-back mechanism, the protocol provides 100% of the revenue generated for the community of its active participants. A key element of this architecture is its unique liquidation mechanism that is driven entirely by protocol rather than being entrusted to outsiders.

Nding protocols create significant values, but traditionally these values ​​have not been passed on to users. The existing nding protocol rewards users in two main ways. First, to encourage use by issuing different types of tokens through liquidity mining.

Second, through the liquidation process which is only available to a very small and sophisticated group of users who buy the position of unsecured orrow recipients at market discounts.

First in an industry, the Mintrest protocol manages the liquidation process automatically without the need for external liquidators. Thus, it captures all fee income including interest, flash loan and liquidation fee. In other protocols, this revenue is usually taken out of the network for the benefit of a few hired people.

Individually, Mintrest uses its operating surplus to automatically purchase the protocol’s native MNT token on-market and then distribute it among users. This means that the earnings of protocol users are associated with a portion of the reward of the protocol, which creates the possibility of maximum long-term yield in DFI.

“The success of the blockchain industry has taken everyone by surprise. Increasingly, however, we are seeing players lose key motivation and reasons for such success in a decentralized digital economy. It creates value for the user ecosystem, not just for a few, and in doing so it deliberately challenges existing sector leaders. ”
– Josh Rogers, founder and CEO of Mintrest

Mintrest was founded by Josh Rogers, a serial technology entrepreneur with 25 years of experience, who works for COMindico, Oriel Communications, Mitchell Morgan, Freelancer, and Hey You,

Protocol design

The design of the Minterest protocol works on the principle of flywheel tokenics, creating a self-reinforcing cycle of value on the platform. The more values ​​are created and captured in the protocol, the more values ​​are assigned to users, improving the total annual percentage yield (APY).

This makes it even more attractive to become a liquidator in Mintrest, attracting new users and increasing the overall value of the protocol over time.

Mintest’s protocol will be audited by highly respected auditors in the blockchain space prior to its initial access episode, based on network security and will provide users with the confidence they need to fully participate.

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