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Mainframe price today is $0.003423 USD with a 24-hour trading volume of $5,979,683 USD. Mainframe is down 6.73% in the last 24 hours. The current CoinMarketCap ranking is #333, with a market cap of $34,233,201 USD. It has a circulating supply of 10,000,000,000 MFT coins and the max. supply is not available.
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.
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|Market Dominance||No Data|
|Fully Diluted Market Cap||No Data|
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All Time High
Jul 09, 2018 (3 years ago)
All Time Low
Mar 13, 2020 (10 months ago)
|Circulating Supply||10,000,000,000 MFT|
|Total Supply||10,000,000,000 MFT|
|Max Supply||No Data|