Enhancing the utilization of cryptocurrencies through unique products

INTRODUCTION

DEFI network is known to be growing day by day and adopting new concept to improve the Decentralized finance and also eliminate the problems associated with the system. It is however important to make the users standout as they become more capable of doing stuffs they have always find difficult. Now the finance of users will be improved with the new concept of security and flask loan which are part of the features of this platform. Joining this platform will be a very good idea for the fact that there are so much products to take advantage of on Defi and the space too will be relevant.

WHAT IS MERLIN ?

This platform has a way of combining the functionality of the Defi platform, taking time to improve the maximization and growing the Defi platfoy at once. It will deliver an excellent Defi network and benefits will be realized from it through auto-compounding in the system. This platform is best described as a unique security system on Defi network, it is gradually taking over the crypto sector and more products are coming from it. Even though there is a current surge in Defi products been used, it still uses the Binance Smart Chain and plans to improve the farming functions of the project for greater yield as users engage in it.

This platform comes with a whole lot of benefit and offer great values in the use of cryptocurrencies, especially key ones that are top coins in the cryptoworld. Through this approu too, users will find an easy way of compounding their assets through the world aggregator. Then earning more will become very easy as you stake the $MERL the special token of this platform. When you stake the $MERL, you will be able to earn other cryptocurrencies, like the ETH, BTC, CAKE, BNB and lot more.

SOME FEATURES OF THIS NETWORK

This platform provides measures for security in the decentralised system, it create space on the blockchain for top networks and allows easy operation on the permissionless space where it build it’s transparent financial system. The operations of this platform has raised the interest of so many people for Defi and so much Financial products will be created at the same time.

However, there are vulnerabilities that are associated with Defi, one of them is the flash loan attack that is well known, this has been one of the ways users have been exploited on defile the past but the solution is available as we speak through Merlin. This type of attack is often associated with getting loan on Defi and getting it very instant.

The flash loan in this ecosystem has nothing to do with having a collateral because it really isn’t needed. The liquidity from the pool will be returned with this platform and there wouldn’t be a need for collateral. Every transaction will have this feature and smart contracts will be involved to enable users get flash loans and meet up with the rules of the loan. The flash loan will need smart contracts to be very effective and that will make the use of the funds easy with all the rules involved.

CONCLUSION

All the operations that will involve users in this platform for any great yield will require smart contracts for effectiveness and for the lenders to feel secured even while lending to the borrowers. This will make all borrowers serious to pay back loan without any latency because the opportunities will become more open and more profits will be enjoyed without any risk involved at any point in time with the flash loans. Loan security will be provided to the borrowing parties. The loan lender will get their money back even without any collateral from the borrower because they will pay back the right way without holding any collateral.

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

WRITERS INFORMATION

Bitcointalk Name: Renderclaw

Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2768171