Coin number twenty-four, here it is: mainframe
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Mainframe aims to offer fixed income loans versus crypto to provide users with instant liquidity to multiply their investments.
Ah a credit institution again, you should borrow cryptos here, ok.
The Mainframe Lending Protocol allows anyone to borrow against their crypto using the collateral approved by mainframe governance. Mainframe uses a bond-like instrument that is an on-chain commitment that is settled at some point in the future. Buying and selling the token debt enables fixed-rate borrowing and credit - something that is badly needed in decentralized finance today. Mainframe Governance is the community-organized process of managing the various aspects of the credit history. Unique to the Mainframe Lending Protocol are the liquidation mechanism, re-mortgaging of collateral accounts and an incentive layer supported by the staking of the mainframe token (MFT). The system avoids unnecessary selling pressure in the event of liquidations. Together the strategies for re-mortgage, liquidation,
Since the end of 2017, Mainframe has had large communities supporting its mission of economic freedom and financial access. The mainframe is supported by ArringtonXRP, NEO Global Capital, FBG, Erik Voorhees from Shapeshift, Min Kim from ICON, Gavin Wood from Ethereum, and Xinshu Dong from Zilliqa.
