Mainframe aims to offer fixed-rate borrowing against crypto, giving users instant liquidity to multiply their investment.
The Mainframe Lending Protocol allows anyone to borrow against their crypto by leveraging collateral assets approved by Mainframe Governance. Mainframe uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate lending and borrowing — something much needed in decentralized finance today. Mainframe Governance is the community organized process of managing the various aspects of the Lending Protocol. Unique to the Mainframe Lending Protocol is the liquidation mechanism, rehypothecation of collateral accounts, and an incentivization layer powered by staking the Mainframe Token (MFT). The system avoids unnecessary sell pressure during liquidations. Together, the strategies for rehypothecation, liquidation, and settlement enable lower collateral requirements and allow for a more efficient increase in leveraged exposure to base assets.
Since late 2017, Mainframe has sizeable communities supporting its mission of economic freedom and financial access. Mainframe is backed by the likes of ArringtonXRP, NEO Global Capital, FBG, Shapeshift's Erik Voorhees, ICON's Min Kim, Ethereum's Gavin Wood, and Zilliqa's Xinshu Dong.
| Mainframe Price | $0.001484 USD |
|---|---|
| Mainframe ROI | -92.93% |
| Market Rank | #391 |
| Market Cap | $13,913,701 USD |
| 24 Hour Volume | $1,426,062 USD |
| Circulating Supply | 9,373,618,942 MFT |
| Total Supply | 10,000,000,000 MFT |
| Max Supply | No Data |
| All Time High | $0.024557 USD (Jul 09, 2018) |
| All Time Low | $0.000382 USD (Mar 13, 2020) |
| 52 Week High / Low | $0.004183 USD / $0.000382 USD |
| 90 Day High / Low | $0.004183 USD / $0.000724 USD |
| 30 Day High / Low | $0.004183 USD / $0.001469 USD |
| 7 Day High / Low | $0.003916 USD / $0.001469 USD |
| 24 Hour High / Low | $0.003093 USD / $0.001469 USD |
| Yesterday's High / Low | $0.001661 USD / $0.001486 USD |
| Yesterday's Open / Close | $0.001642 USD / $0.001493 USD |
| Yesterday's Change | $-0.000148 USD (-9.02%) |
| Yesterday's Volume | $1,590,103 USD |