Merlin is an auto-compounding yield aggregator with an ecosystem optimized to focus on safe and sustainable maximum yield return.
Review Merlin
Introduce
Welcome to my article, here I will introduce you to a project related to Blockchain.
Our world is in the period of modernization in all fields, they are using modern technology. And this dance helps people a lot in developing in all different fields. With it, the advent of Blockchain has created a trend that any field we see will see the benefits that Blockchain brings. At this point, we are witnessing Blockchain is almost the most essential technology, so the projects using this technology have a lot of attraction. Even the project that I will share with you is the same, it gets more attention thanks to the application of the core technology, Blockchain. And besides that, the project is also very special, because it’s a publisher and asset manager built on blockchain technology. The platform will help get good sales and maximize the available revenue, they are effective and help quickly maximize profits.
The innovative idea of harnessing the power of knowledge and pioneering an unprecedented space will not only lead to the rapid development of the project but also add profound value to the whole community copper. This project is https://www.merlinlab.com.
About
Merlin is an auto-compounding yield aggregator with an ecosystem optimized to focus on safe and sustainable maximum yield return. Merlin takes care of gas costs, APY tracking, optimal yield strategies, security with the goal of maximizing DeFi users’ yield farming at the lowest possible cost (All APY & APRs displayed are inclusive of fees).
Merlin recognize the exponential benefit in auto-compounding and the value in accumulating key cryptocurrencies (aka. BTCB, ETH, BNB, CAKE, etc.), so Merlin’ve built:
- A yield aggregator that helps you auto-compound your assets
- An ecosystem that helps you earn more key cryptocurrencies (aka. BTCB, ETH, BNB, CAKE, etc.) by staking $MERL
The rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector. Despite the surge in DeFi products on Binance Smart Chain (BSC), there are no functional farming projects that truly facilitate users holistically. Merlin combines yield maximization with functionality, delivering an all-encompassing DeFi platform.
Feature
The Merlin ecosystem begins with the Vaults. As users stake in the Merlin vaults, our algorithm optimized auto-compounding mechanism will compound users’ assets for maximum return
The vaults rewards will be in the form of LP rewards and $MERL. The $MERL portion of the reward is generated by the Boosted Yield Convertor
Boosted Yield Convertor maximizes user’s profits by converting 30% of their auto-compounding vault rewards with $MERL tokens, which will maximize users’ yield:
- As the $MERL token appreciates, the users’ yield in turn increases
- User can further stake their $MERL rewards to farm BTCB, ETH, BNB, CAKE rewards & more at high APYs
The collected Boosted Yield Convertor will be converted into BNBs and redistributed as MERL pool rewards at $MERL LP Treasury
For every 1 BNB converted through the Boosted Yield Convertor, 25 $MERL are minted (This is our launch emission rate, it will be decreased overtime to balance $MERL supply)
Every 100 $MERL minted, 13 $MERL will be used to expand the Merlin product suites and global marketing activities
Vaults
Vaults are automated investment instruments that utilize optimal strategies to maximize yield. Merlin uses vaults to automatically reinvest and compound deposited assets. Vaults comprise of either a single token or a pair of tokens that are invested into liquidity pools.
Lottery
Lottery Ticket Fee for 1 ticket: 0.2 Merlin (This may be adjusted over time depending on Merlin price). Single User Lottery Entry Limit: No overall limit, but only 50 can be bought each time. Paying for one ticket will give users a random 4 digit combination with each digit being between 1–14, e.g. “3–6–3–9”
To win the lottery jackpot (50% of the entire lottery pool), users need to match all 4 numbers on their ticket in the exact same order as the 4 winning numbers. There are many chances to win! As long as you match 2 or more numbers in the correct order, you are guaranteed to win a prize. Winning Ratio:
Match all 4 numbers in the exact order = win 50% of the pot (or split the pot if more than 1 winner).
Match 3 numbers in the exact order = win or split 20% of the pot.
Match 2 numbers in the exact order = win or split 10% of the pot.
Burn the remaining 20% of the pot.
The lottery aims to be completely random. Even though the ticket numbers given out are determined by a front-end logic, there is an extremely low chance that anyone is able to determine the 4 winning numbers ahead of time.
The 1st lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the number of participating users at the entry deadline.
The 2nd lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the total pooled Merlin balance at the entry deadline.
The 3rd lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the timestamp of the last lottery participant at the entry deadline.
The 4th lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the block difficulty at the entry deadline.
Token
Token Name: Merlin
Ticker: MERL
Token Standard: BEP20 — Binance Smart Chain
Smart contract address: 0xda360309c59cb8c434b28a91b823344a96444278
Where can I buy MERL tokens?
MERL can be traded on Pancakeswap. You can buy MERL from the PancakeSwap MERL-BNB pool here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xDA360309C59CB8C434b28A91b823344a96444278
Conclusion
Overall https://www.merlinlab.com is streamlined approach to data orchestration in a decentralized blockchain ecosystem automatically enhances verifiability. One of the main purposes of https://www.merlinlab.com smart contracts is to eliminate the need for third-party users from different industries. In fact, with smaller links in the chain, the cost benefits can be passed on to traders and users. Also, DeFi applications built on Ethereum are largely open access, so anyone with a stable internet connection and crypto wallet is eligible. I believe in the future Grandle financial protocols allow you to control the buying, selling, trading and profiting related to your digital assets.
Links about social this project:
Website: www.merlinlab.com
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_
IDauthor:
Jameslong
Address: 0xe126482dd29df2eb296897c2f48072c0330b4f36