With developments taking place every day in the crypto-world, any new entrant has to keep up with the pace. What new thing you give to the world becomes your USP.
Banks are entrusted with keeping people’s money safe in the traditional centralised financial system. However, we all know the system has its flaws. Once the money is deposited into traditional banks, there is little transparency about how their money is being circulated or invested.
Banks or financial organisations often invest the money in the market, making huge profits for themselves, leaving little for the individuals.
The decentralised financial (DeFi) system brings transparency and trustless protocols capable of operating without intermediaries.
One such name is Mountanaz (MNAZ), which is set to enter the world of cryptocurrency with its commitment to delivering unique experiences.
In this article, we will dive deep into the details of the Mountanaz (MNAZ) protocol and touch on the points that make it stand out from its competitors.
What is Mountanaz (MNAZ)?
DeFi institutions have become targets for hackers and other hostile attacks because of the significant sums of valuable tokens present in smart contracts.
Mountanaz (MNAZ) is a DeFi protocol that provides smooth access to decentralised financial services, tools, and instruments to cryptocurrency users and newcomers to the technology.
Mountanaz (MNAZ) has created a liquidity pool-based protocol where the user can deposit the cryptocurrency of their choice. This pooling technique enables a more efficient asset distribution mechanism for borrowers as the period between wallet credit and request decreases. The mechanism will require the borrower to deposit collateral cryptocurrency other than their borrowed one.
Mountanaz’s (MNAZ) openness and accountability, greatly surpasses the one of centralised financial institutions, where data can be manipulated without the knowledge of the masses. DeFi works because of the transparency of blockchain technology.
How Does it Work?
Mountanaz (MNAZ) strives to make asset management, lending/borrowing staking interest, and bridging across chains as simple, efficient, and fast as possible.
By setting up multiple lending pools using deposited and lent assets, the Mountanaz lending protocol will improve the effectiveness and efficiency of digital asset capital. The essentials of the ecosystem are lending, borrowing, utilisation ratio and liquidation model.
Lending entails depositing the desired quantity and number of digital assets into the asset’s liquidity pool, which can then be lent out. There is a reward for a lender who deposits a higher amount of tokens. If the borrower’s value rises above collateral value due to a change in interest rate, the lender’s reward would be adjusted accordingly.
The Interest rate index keeps changing constantly depending on the number of borrowing and lending actions, mining, repaying and reclaiming records. Oracles ensure that the criteria are correct even from multiple sources.
Characteristics that Make Mountanaz (MNAZ) Stand Out
Mountanaz (MNAZ) has incorporated some innovation and modification. Its main features are as follows:
- GIving liquidity incentives: Mountanaz (MNAZ) rewards deposits in the liquidity pool through APYs.
- Mountanaz (MNAZ) makes it a core aspect for the user to make proposals and consensus votes.
- Mountanaz focuses on trustless, automated and permission-less lending. Offers available to lenders are scrutinised, and the team of developers works round the clock to ensure no points of failure.
- Mountanaz seeks to create a scalable ecosystem which can attract the best partnerships. It has built its ecosystem on Binance Smart Chain (BSC), a blockchain network built for running smart contract-based applications. Binance Smart Chain is adaptable with Ethereum Virtual Machine (EVM). This makes future developments easy.
- Mountanaz (MNAZ) has developed an intuitive and interactive platform using a usability-first approach. Since most blockchain projects are complex, this feature is sure to give Mountanaz (MNAZ) an edge over others.
Conclusion
Mountanaz (MNAZ) is coming up with some great innovations with the help of its successful developing teams. It has some great features that make it stand out compared to other tokens.
With transparency and a scalable ecosystem, Mountanaz (MNAZ) investing in its presale might just be a step in the crypto million-making direction.
Find Out how to Join:
Presale: https://purchase.mountanaz.io/register
Website: http://mountanaz.io
Telegram: https://t.me/Mountanaz_Token
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
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