Multi-Chain Capital Update
Yield Farming and Project Update
- Over 24,000 Holders Across Ethereum and Binance Smart Chain
- New Website Layout — Added Live Update of Burned and Circulating Supply, New Videos for “How to Buy”
- Hyper-Deflationary Tokenomics continue to burn supply, with the Burn Wallet at 36.63% of the Total Supply.
- Weekly Community Updates — Weekly Twitter Spaces to Keep the Communication Open.
- Expansion to Discord — $MCC Moderators and Announcements Present in Discord Now.
New Website Launch
- Showcases “How to Buy” $MCC Videos for Ethereum and Binance Smart Chain.
- Overview of the Team with links to the Twitter Profiles.
- Live Interactive Display of Burned Supply and Circulating Supply.
- Provides a high-level overview of Multi-Chain Capital’s Mission.
Crypto Market Conditions
All over the market, conditions have been highly volatile. In the long game of crypto, surviving is the goal, with a focus on being able to harvest gains during uptrends and then reinvest stables into new focus areas on a downtrend.
To maintain additional risk management, we have focused on avoiding leverage, however attractive it may be, to ensure that our assets cannot be liquidated during any sudden down turn.
The value of the Multi-Chain Capital Treasury is currently $8.5M.
- 75% of the Assets are on Fantom
- 10% of the Assets are on Ethereum
- 7% of the Assets are on Avalanche
- 5% of the Assets are on Polygon
- 2% of the Assets are on Binance Smart Chain
- 1% of the Assets are on Metis
We have begun to form a risk management council where we can take a groupthink approach to how we manage risk. We will have a limited-set team where we actively review the portfolio on a regular basis and make emotion-less, calculated moves to keep our risk focus and asset allocation 100% on track with where we should be to gain the most return.
Yield Farming Update
We have over $1.1M in Stablecoin farms and vaults. We have accumulated the stablecoins by steadily reducing our risk as new funds come into the Treasury.
First up is Beethoven-X, which is a fork of Balancer on Fantom. In this pool we have paired $USDC and $DAI to earn $BEETS tokens and trading fees, with an APY that fluctuates between 7–15% APY depending on token price.
Next, Curve, a standby Bluechip offering also on Fantom, we have over $350K in $USDC and $DAI earning $FTM and $CRV tokens as well as trading fees from the pool.
Lastly, we have approximately $270K in Tarot Finance, which provides a yield of 15% APR.
In terms of investment in the Fantom ecosystem, we have made a fundamental purchase of over 300K $FTM tokens valued at over $700K. This is currently invested into the Tarot Supply Vaults, earning around ~12% APR.
Tomb.Finance is an innovative project on Fantom that focuses on having their $TOMB token pegged at the price of $FTM. This allows the Treasury to farm in the $TOMB/$FTM pool will less chance of IL (Impermanent Loss).
In addition to farming in $TOMB/$FTM for 119% APR, we have acquired around $100K of $TSHARE Tokens which can be staked to “print” $TOMB at 303.7% APR.
Ve(3,3) Vampire Farming
The recent project by Andre Cronje has allowed new projects such as veDAO and 0xDAO to be created virtually overnight and fight for a Top 20 position in the Fantom TVL list. We have taken advantage of this opportunity to farm in these pools, and extract value from the airdrop of the Ve(3,3) when it arrives to the projects.
Tarot is a novel project on Fantom allowing user’s to yield farm with their Liquidity Pool tokens using leverage. We have invested 500 $ETH into the Supply Vault, and are currently earning around 7% APR.
In addition to Yield Farming investments, we have also made allocations into Node-based projects which provide a life-term passive income on an initial investment of 10 $STRONG.
- Strong Nodes — 23 Total Nodes
- Strong per Day — 2.3 $STRONG (~$520 per $STRONG)
Our StrongNode income is over $1K per Day, and using this income, based on a community vote, we are compounding this into new nodes. This process is as follows: build up a balance of 10 $STRONG; create a new StrongNode; Repeat. At the current rate we can create a new StrongNode every 5 days.
The Multi-Chain Capital Product Portfolio is a suite of products, and consists of multiple development streams occurring in parallel. We, as a team, have decided to accelerate the next product in the portfolio, which we believe will have a more bullish impact on the price and the narrative.
Agility is paramount in this market, during a market downturn, it’s important to adjust the strategy to best optimize for the conditions.
We have been working around the clock with Moontography of ok.let's.go. $OKLG to implement something game changing, with capabilities that are far above and beyond what would be in our first product release.
Nodes are Coming to Multi-Chain Capital
We are currently in development of our next-generation earning platform that will allow users to earn perpetual passive income by creating a node. This is far above and beyond simply earning income by staking or locking, as this allows the user to earn forever vs. earning for just a few short weeks or months.
Nodes are currently a great narrative in the industry, but we wanted to innovate on top of the concept to create additional features that would provide value to the community.
First, the Multi-Chain Capital Node(s) can be moved or traded to another wallet as the base construct will be an NFT (Non-Fungible Token) instantiation. This is a huge innovation as currently most node operators are locked to the current wallet address. The $MCC Node will have the advantage of being able to be moved to different wallets (for the same user) or even traded and sold on an open NFT exchange such as OpenSea.
Frequently Asked Questions
Q: Are we still invested in $TIME, and other DeFi 2.0 Projects?
A: We divested from $TIME because it no longer aligning with our moral values implicit in Multi-Chain Capital. We continue to actively manage risk in our open positions and where we no longer believe in the security and good faith of a project we will be quick to cut such ties or active endorsement.
Q: How often will you be providing regular updates?
A: Each week we will be providing an update on the status of the project and Treasury. We are looking to evolve into having also a “talk show” style show where we have a host and guests from the DeFi industry come on to share their knowledge and point of view. For farming investment moves that are significant, or into new projects, we will be Tweeting actively regarding those updates.
Q: What is the plan for marketing?
A: Currently our marketing has been organic and based on building up a community of like-minded individuals focused on a common goal. As we progress in the project, and in the industry we will take our plans to the next level by addressing an audience untapped currently in the crypto space. We want to bring DeFi to the masses, and we believe the simplicity of Multi-Chain Capital can do that.