<strong>Singapore, Singapore, July 23rd, 2024, Chainwire</strong>

A groundbreaking moment in decentralized finance (DeFi) is here as <a href="https://magnify.cash/" target="_blank" rel="nofollow noopener">Magnify Cash</a> unveils its state-of-the-art DeFi protocol and announces the upcoming Fair Launch of its native token, $MAG. As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and enterprises alike.
<h2>The Future of Decentralized Credit Markets</h2>
Magnify Cash is spearheading the next evolution in decentralized credit markets, unlocking liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and a myriad of digital assets through its innovative, permissionless lending desks.
<h3>Solving Key Financial Challenges</h3>
<ul>
 	<li><strong>Limited Liquidity:</strong> Bridging the gap for diverse digital assets.</li>
 	<li><strong>Decentralization:</strong> Eliminating centralized and custodial lending limitations.</li>
</ul>
<h3>Innovative Products and Solutions</h3>
<ul>
 	<li><strong>Permissionless Lending Desks:</strong> Facilitate borrowing and lending for any ERC-20 token against RWAs, FYTs, and other digital assets.</li>
 	<li><strong>Decentralized Borrowing Options:</strong> Provide lending solutions without intermediaries, ensuring maximum security and transparency.</li>
</ul>
<h3>Universal Collateral and Currency Support</h3>
Magnify Cash’s Universal Collateral Acceptance feature supports an extensive array of tokenized assets, including ERC-1155 and ERC-721 tokens. Users can now leverage NFTs and tokenized real-world assets such as art, real estate, bonds, and luxury goods as collateral, unlocking liquidity without the need to liquidate these valuable assets.
<h3>Key Features</h3>
<ul>
 	<li><strong>Comprehensive Support:</strong> Universal support for lending currencies and loan collateral (ERC-20, ERC-1155, ERC-721).</li>
 	<li><strong>Seamless Operations:</strong> Asset-backed borrowing and lending with permissionless creation and management of lending desks.</li>
 	<li><strong>Enhanced Liquidity:</strong> Extensive liquidity options for all digital assets, including stablecoins, ETH, liquid staking tokens (LSTs), meme tokens, blue chip NFTs, and treasuries.</li>
 	<li><strong>Advanced Risk Management:</strong> A dynamic interest rate model utilizing linear interpolation and scaling factors, eliminating the need for oracles.</li>
</ul>
<strong>Robust Security and Compliance</strong>
<ul>
 	<li><a href="https://github.com/GuardianAudits/Audits/blob/main/MagnifyCash/2024-03-14_MagnifyCash.pdf" target="_blank" rel="nofollow noopener"><strong>Guardian Protocol Audit</strong></a><strong>:</strong> Ensuring top-notch security.</li>
 	<li><a href="https://gaslite-magnify-report.tiiny.site/" target="_blank" rel="nofollow noopener"><strong>Gaslite Gas Optimization Audit</strong></a><strong>:</strong> Maximizing operational efficiency.</li>
</ul>
<strong>Proven Testnet Success</strong>
<ul>
 	<li>Over 500 lending desks created.</li>
 	<li>More than 500 loans issued.</li>
 	<li>Nearly 5,000 unique users engaged.</li>
</ul>
<h3>Strategic Alliances and Future Roadmap</h3>
Magnify Cash collaborates with leading industry partners like <a href="https://x.com/LydianLabsLLC" target="_blank" rel="nofollow noopener">LydianLabs</a>, <a href="https://x.com/FjordFoundry" target="_blank" rel="nofollow noopener">FjordFoundry</a>, <a href="https://x.com/JiraiyaReal" target="_blank" rel="nofollow noopener">Jiraiya</a>, <a href="https://x.com/TailoredWeb3" target="_blank" rel="nofollow noopener">Tailored</a>, Blaize, 4am, and <a href="https://x.com/h3atstudios" target="_blank" rel="nofollow noopener">H3AT Studios</a>, amplifying the platform's capabilities and outreach. Key security audits by Guardian Protocol and Gaslite reinforce Magnify Cash’s commitment to providing a secure and reliable platform.

<strong>Currently Live on</strong>
<ul>
 	<li><strong>Base Testnet</strong></li>
</ul>
<strong>Exciting Upcoming Launches</strong>
<ul>
 	<li><strong>Base Mainnet:</strong> Coming Soon (Including RWAs)</li>
 	<li><strong>Ethereum Mainnet:</strong> Coming Soon (Including RWAs)</li>
 	<li><strong>Potential Layer 2 launches:</strong> Abstract Chain, Blast Chain, and more.</li>
</ul>
<h3><strong>Fair Launch of $MAG Token</strong></h3>
The $MAG token will be launched through Fjord Foundry’s liquidity bootstrapping protocol, ensuring a fair and transparent distribution. The token sale runs from <strong>July 23rd, 8:00 PM EST to July 27th, 8:00 AM EST</strong>, with over 70% of tokens allocated to the public. This equitable approach encourages broad participation and fosters a strong, engaged community. Active participants, including lenders, liquidity providers, and borrowers, are rewarded with $MAG tokens.
<h3><strong>Participation Opportunities</strong></h3>
<strong>Secure $MAG Tokens:</strong> The MAG token sale begins on <strong>July 23rd at 8:00 PM EST (July 24th, 8:00 AM Singapore Time)</strong>. Participants are invited to join the Fair Launch at Fjord Foundry <a href="https://app.fjordfoundry.com/pools/0x5549aD973575E261fE9979321e27ad81F30a287f" target="_blank" rel="nofollow noopener">here</a>.

<strong>Explore the Ecosystem:</strong> Magnify Cash invites interested parties to discover its comprehensive ecosystem by visiting the <a href="https://magnify.cash/" target="_blank" rel="nofollow noopener">Website</a>. Access the Pitch Deck, engaging Intro Video, detailed Whitepaper, and technical Documentation.

<strong>Engage with Our Community:</strong> Magnify Cash encourages joining its vibrant community for real-time updates and support. Follow us on <a href="https://twitter.com/MagnifyCash" target="_blank" rel="nofollow noopener">Twitter</a>, join the <a href="https://t.me/MagnifyCash" target="_blank" rel="nofollow noopener">Telegram group</a>, and participate in discussions on <a href="https://discord.gg/MagnifyCash" target="_blank" rel="nofollow noopener">Discord</a>.
<h2><strong>About Magnify Cash</strong></h2>
<a href="https://magnify.cash/" target="_blank" rel="nofollow noopener">Magnify Cash</a> is a non-custodial and permissionless decentralized credit market that empowers users to lend ERC-20 tokens and borrow against non-fungible tokens (NFTs) and Real-World Assets (RWAs) with unmatched flexibility and transparency. Committed to true decentralization, Magnify Cash ensures universal support for ERC-20 tokens as lending currencies and ERC-1155/ERC-721 assets as collateral. The protocol’s innovative approach to on-chain credit markets offers a fresh perspective in the evolving world of decentralized finance.

For more information, users can visit <a href="https://magnify.cash/" target="_blank" rel="nofollow noopener">https://Magnify.Cash</a> or follow Magnify Cash on Twitter at <a href="https://x.com/MagnifyCash" target="_blank" rel="nofollow noopener">X.com/MagnifyCash</a>.

<strong>Magnify Media Kit:</strong> <a href="https://magnify.gitbook.io/magnify.cash/magnify-cash-media-kit" target="_blank" rel="nofollow noopener">Link</a>.

&nbsp;
<h5>Contact</h5>
<strong>Press Manager</strong>
<strong>Magnify.Cash</strong>
<strong>socials@magnify.cash</strong>

Magnify Cash Launches DeFi Protocol and Announces $MAG Token Fair Launch

Magnify Cash’s Universal Collateral Acceptance feature supports an extensive array of tokenized assets

Magnify Cash Launches DeFi Protocol and Announces $MAG Token Fair Launch

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