Project Update — May 2022

MultiPrint Released and Treasury Update

Multi-Chain Capital
5 min readMay 24, 2022

Key Highlights:

  • 33,000+ Holders of $MCC on Ethereum, Binance Smart Chain and Fantom.
  • 5,800+ MultiNodes Created Across Ethereum, Binance Smart Chain and Fantom.
  • Total Treasury Value is now at $17.9M.
  • Release of MultiPrint on Ethereum, Binance Smart Chain and Fantom.
  • Expansion of $MCC Liquidity on to the Metis Network.

MultiPrint Released

MultiPrint has been released via a “Multi-Chain” rollout, deployed on Ethereum, Binance Smart Chain and Fantom.

MultiPrint Phase I

MultiPrint — Farming and Staking Rewards from Multi-Chain Capital

Initially, MultiPrint will allow for farming of $MPRINT pairs and $MCC pairs. Farming is also supported for pairs of MCC Incubation projects. This provides the highest rewards for those adding liquidity while preserving future yield for Phase II of MultiPrint.

To earn MultiPrint rewards, follow these steps:

  1. Add Liquidity to $MPRINT or $MCC.
  2. Receive LP Tokens from Uniswap for Adding Liquidity
  3. Stake LP Tokens in MultiPrint to Earn $MPRINT.

For staking, $MPRINT for $MPRINT is currently supported.
In addition, MultiPrint allows users to stake partner tokens (Example, $LINK, $UNI or $AAVE) and earn rewards while the 4% Deposit Fee goes to buying back $MCC.

MultiPrint Phase II

During Phase II of MultiPrint, the protocol will be expanded to include $MCC staking, allowing your rewards from MultiNodes to be directly rolled over into MultiPrint.

Treasury Update

The total Multi-Chain Capital Treasury Value is now $17.9M. It is divided into high, medium and low-risk categories to optimize returns while containing systemic risk.

View Portfolio Allocation on Zapper

High Risk: Fantom

The investments in $FTM are currently held in Alpaca Finance earning ~11.8% APY in $FTM and an additional 1.73% APR in $ALPACA tokens.

The Alpaca tokens are harvested, sold for $FTM and then re-invested into the pool to continue to compound the earnings.

Medium Risk: Convex Finance

The investments in $cvxCRV are currently staked in Convex Finance, earning ~52.9% APY.

All $CRV and $CVX rewards are harvested and compounded back into Convex, while the stablecoin earnings are are used to buy back $MCC.

Low Risk: DeFi BlueChips and Stablecoins in AAVE

The investments in DeFi Bluechips such as $ETH, $YFI and $LINK are earning interest by being held in AAVE. In addition, the stablecoins are held in $USDC and $DAI earning ~1.5% APY.

In addition to the compounding interest gained, AAVE investments are also earning $AAVE tokens, which are harvested and compounded for more $AAVE.

Low Risk: Spot Ethereum

At the lowest end of the risk/return spectrum, the Multi-Chain Capital Treasury also maintains a healthy reserve of $ETH held without any counter-party risk. The objective of this investment is to maintain project runway and ensure MultiNode sustainability.

Additional Information:

Disclaimer:

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Multi-Chain Capital

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You expressly understand and agree that your use of the Platform is at your sole risk. We make and expressly disclaim all representations and warranties, express, implied or statutory, and with respect to the Platform and the code proprietary or open-source, we specifically do not represent and warrant and expressly disclaim any representation or warranty, express, implied or statutory, including without limitation, any representations or warranties of title, non-infringement, merchantability, usage, security, suitability or fitness for any particular purpose, or as to the workmanship or technical coding thereof, or the absence of any defects therein, whether latent or patent. The Platform provided on an “as is” and “as available” basis, without warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose or non-infringement. You acknowledge that no advice, information, or statement that we make should be treated as creating any warranty concerning the Platform.

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Node Income is subject to change over time.

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Multi-Chain Capital

You buy $MCC, we farm on multiple chains and return the profits to holders.