Merlin Lab

 

The blockchain technology knocked the door with rise of bitcoin in 2009 and gradually got its place in the economy. Now mass people knows about blockchain technology and has accepted it with full faith. Further in 2018 a revolutionary concept called decentralized finance (DeFi) came into existence that is the next level growth of blockchain technology. Defi is a decentralized protocol that has erupted the centralized banking system and has changed the mode of mutual financial transactions.

Merlin is an improved DeFi platform that is created to yield maximum output from DeFi applications and protocols in a more scalable and immutable environment. Merlin is an auto-compounding yield aggregator on BSC and with its auto reinvesting tools (Vaults), this platform is providing highest yields on BTCB, ETH, BNB, CAKE by staking and liquidity mining with Merlin. Vaults comprise of either a single token or a pair of tokens that are invested into liquidity pools. Merlin Lab is a user friendly platform has lots of features.

Maximizing DeFi users' yield farming
Merlin Lab is the further innovation of DeFi and it is allowing all DeFi applications and protocols with their improved version on its platform. The Merlin ecosystem runs on blockchain technology and it allows all the financial transactions with fast speed and in a much transparent way while allowing its users to transact anonymously without revealing their identities. Merlin platform giving access to all DeFi earning applications and protocols on its platform and provides the best deals to users with an innovative AMM protocol which by evaluating the price variations of assets from other reliable sources and DEXes of the market, gives an output of best current trading price of the assets. It is the best feature that enables Merlin protocol to generate LP tokens with the best price of the assets which the users has provided in liquidity pool.

The features of Merlin Lab platform are:
Low gas fee and more flexibility
With high transaction cost and more congested networks, most of the platforms are failed to provide best services and as such users of those platform are no able to transact as per their need and also small investors and traders can not transact freely because of high gas fee that is causing the execution of transactions with very high cost. Merlin Lab has provided the solution and it is a more flexible platform that runs on binance smart chain and allows the execution of transactions with much higher speed and with very low fee. So being more salable platform, Merlin lab is a user friendly platform which allows its users to get access to all DeFi protocols on its platform and then select the best one to earn more revenue.

Verified Smart contracts providing more security
Users fund security is the priority of the platform. To allow its users to transact as per their need and to check the DeFi manipulations and frauds, Merlin lab has its Smart contacts verified via best auditing company Hacken which is a leading cybersecurity consulting company with an essential focus on blockchain security. So the external smart contracts can not interact with Merlin's smart contracts as such there is no fear of DeFi attacks and also there is a very low chance of impermanent loss on the platform.

Best price algorithm

To provide the best services and best value of their invested assets, Merlin platform has an innovative price oracle system where the smart contracts and nodes of the platform are capable to gather the data and information regarding the price of the asset from different reliable sources and then the smart contracts of the platform are able to input the data into the system and analyze it for giving an output that will show the best compatible price of the asset. So when the users of the platform give liquidity in pools then Merlin platform generates LP token with best price analysis of the concerned assets so that the users will get the real value of their investment.

Immutability

Merlin platform is the safest place for users to join and conduct their financial transactions. This platform has totally bypassed third party involvement and also the users are not forced to reveal their identities to do their transactions. The required trust for the execution of financial transactions is now handled by the platform itself and the users are free to transact any time and anywhere as per their requirements. The transactions are executed on the innovative smartchain of Merlin lab ecosystem and the smart contracts and nodes of the platform store all the data in user's account. The users can check the authenticity of their transactions since the data is always available in a distributed ledger on blockchain. Once the transaction is executed, no one can change or manipulate the data.

Supporting other smartchains

It is not possible for an individual investor to join and explore the different platforms with different blockchains and smartchains to get full advantage of DeFi innovations as it is really time consuming and much costlier to access all of these different platforms. Merlin platform has created an innovative ecosystem where all of these different bolckchains and platforms can exist simultaneously on this single platform. Also Merlin platform is providing fast transactions with very low cost so the users of the platform can have access to all DeFi protocols and then use them to gain more from this sophisticated and ever changing market.

Auto-compounding mechanism with further high APY
Merlin platform is the best platform to yield max. revenue with cake staking and yield farming. When you use Merlin platform to do liquidity miming in Merlin CAKE Maximizer vaults and deposit your BTCB-BNB LP then the smart contracts of Merlin platform tune the auto compounding mechanism with the help its instruments called vaults and do the compounding of the pool and then collect cake reward and further put it directly in to the cake pool with fast transaction to yield more revenue. So the users of the platform will not only benefit from the auto-compounding mechanism, but further receive a higher APY overall as we utilize the high APY from the CAKE pool.

MERL Token

Being the governance token of the platform, MERL has its various usages on the platform. The holders of MERL token can get access to platform's applications and protocols with a concession in transaction fees. The earning protocols of the platform are well supported by MERL token as the interest and reward from staking and liquidity mining are paid in MERL token. The holders of the MERL token can vote to add new DeFi protocol to get more earning opportunities on the platform. The total supply of MERL token is limited and further to keep the price stable and grow with more demand, there are many buyback and burning programs on the platform.

The lottery system is fully backed and supported by MERl token. The lottery tickets are available to gram by paying MERL token. Each ticket costs 0.2 MERL token and the rewards are very good. If you are lucky enough and hit the jackpot then the 50% of entire lottery will be yours! Each lottery ticket has 4 random digits and to win jackpot users need to match all 4 numbers on their ticket in the exact same order as the 4 winning numbers.

Brief

Merlin is the best place for the traders and investors as it has lots of potential and its ecosystem is much fast and provides security from the existing flaws of the market. The aim of the platform is to introduce such a DeFi protocol which will yield best revenue for its users. The users of the platform can transect freely any time and anywhere and also there is no restriction of any particular blockchain or smart chain on the Merlin ecosystem as it allows the interoperability of different smart chains in its ecosystem. Providing high APY with auto compounding and vaults which are the auto invested protocols of the platform, Merlin Lab project is a gem to grab in this highly volatile and sophisticated market. Sooner the better, join this platform to experience a new improved DeFi world.

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