May 24, 2022
Project Update — May 2022
MultiPrint Released and Treasury Update
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
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:
- Add Liquidity to $MPRINT or $MCC.
- Receive LP Tokens from Uniswap for Adding Liquidity
- 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.
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:
- Website:
https://mchain.capital - Discord:
https://discord.com/invite/4GwbcQNa7P - Telegram:
https://t.me/MultiChainCapital - Twitter:
https://twitter.com/MulChainCapital - Medium:
https://multichaincapital.medium.com - Buy on Uniswap on Ethereum:
$MCC on Uniswap - Buy on PancakeSwap on Binance Smart Chain:
$MCC on PancakeSwap - Buy on SpookySwap on Fantom:
$MCC on SpookySwap - Buy on Metis:
$MCC on Metis
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