We will further support more chains and deploy more bridges for cross-chain assets transfer. And more application scenarios of anyCall will be unveiled, like cross-chain lending, cross-chain NFT migration, and etc. FastMPC will be launched on the mainnet, bringing considerably enhanced security, increased cross-chain speed and greater decentralization to Multichain. multiDAO will be officially launched, promoting the decentralized governance of the community for our long-term development.
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guest628705362 commented on So, What is the next plan for veMULTI?
We will distribute 50% of the Q1 transaction fees of Multichain to veMULTI holders as scheduled. In addition, we will also deploy veMULTI on other mainstream chains based on the requests from community members. At the same time, the veMULTI voting system for multiDAO will also go live in Q2 or Q3, where veMULTI holders will be further involved in the Multichain governance.
guest628705362 commented on As you just mentioned, veMULTI has been deployed on BNB Chain. Why did you make this decision and how can our community members about participate in veMULTI?
BNB Chain is one of our most important partners, and we have a lot of holders who are big users of this chain. By opening veMULTI in the BNB Chain any holder can easily get MULTI from Binance. After that, just come to our interface https://app.multichain.org/#/vest with theirr MULTI, create lock and mint a veMULTI NFT. The snapshot takes place every Thursday at 2:00 AM (UTC) and the rewards claim always begins shortly after that.
guest628705362 commented on Many of us who are familiar with Multichain have been waiting for veMULTI for a long time. Can you explain to us what is veMULTI?
veMULTI is the governing scheme for multiDAO. It is inspired by the Curve and Solidly Model. Anyone who stakes MULTI will receive a veMULTI NFT (which can be traded). This NFT serves as stakers’ credentials to claim future bridge fee distribution and NFT holders also have the power to vote on governance proposals so that their voice can be heard by the community. The NFT power is determined by staked MULTI amount and lock duration. The rewards for MULTI stakers are distributed in USDC on a weekly basis, which means that there is no MULTI emission and thus no token inflation. This week for example APY is at 160% in USDC.
guest628705362 commented on Can you fill us with more info about anyCall? You have already released 3 use cases, with CURVE, HUNDRED FINANCE, and FIVER-FOR-GAS, right?
Yes, exactly. We released anyCall to empower the development of cross-chain dapps. anyCall works by executing contract calls so that arbitrary data and messages can be transmitted across chains. With anyCall, limitless application possibilities are possible! It is up to the Developers imagination! The already released use cases come down to cross-chain reward calculation, cross-chain DAO voting and cross-chain gas swap. And more application scenarios powered by anyCall will be unfolded soon, like cross-chain lending, cross-chain DEX, cross-chain NFT migration and etc.
guest628705362 commented on I saw that Multichain is one of the recommended partners for BNB Chain. And it’s great to always have Multichain by side. Would you mind explaining more about the integration with BAS?
As I said before, BAS is something I am particularly very excited about and especially as we are a dedicated and committed partner of BNB Chain. Therefore, we are definitely willing to power the further development of the BNB Chain ecosystem. That’s why we will support the integration with BAS soon, (we have it all already running in the testnets) in an attempt to enhance the scalability of the BNB Chain by offloading the traffic from the mainnet. With the help of Multichain, BAS can have a seamless access to the wider liquidity, dapps and user base of not only the entire BNB Chain ecosystem but also all of the other 52 chains. BAS can thus run parallel to the mainnet and interact with it at the same time.
guest628705362 commented on As we know Multichain has taken the leading position in the third party cross-chain bridge. Can you share with us what distinguishes Multichain from other bridges?
First, we are a non-custodial protocol secured by SMPC network. The SMPC network is a distributed system in which each node uses a threshold distributed signature mechanism to reach consensus on the verification results. There is no single point of failure. Second, we provide zero-slippage cross-chain transfer services to the users who can thus avoid the impermanent loss associated with AMM. Which most of the time results in a lower fee. When you initiate the cross chain bridging you know exactly what you are going to get. Third, Multichain Router makes sure that assets can be moved between any two chains arbitrarily, without the need to go back to the native chain. It not only reduces fees considerably. But also gives easier and faster options. Fourth, we boast a huge ecosystem with 50+ blockchains integrated and 2300+ cross-chain bridges supported, which means that we can cover more and diverse needs of users. Fifth, we make constant efforts to upgrade our cross-chain products and develop innovative cross-chain solutions, keeping our edge in products and technologies. Last but not least, we are dedicated to promoting the growth of the multi-chain ecosystem, by helping our partners connect between themselves and grow together.