Marblecake: Creates Services For Decentralized Finance

As large groups of retail investors will enter the DeFi sector the coming years, Marblecake seeks to cater to this growing segment. By making DeFi services easier to use, controlling risks & providing a smooth User Experience, the platform will present an excellent starting point for this target group. Moreover, Marblecake builds on improving risk-to-reward ratios skewed to the latter, implementing verification systems for tokens among other features.

Users can add liquidity by supplying two pairs of tokens and thereby earn 0.17% on every transaction made in the pool. In addition, yield enhancement development (slated for Q4, 2022) will provide additional tools to increase returns on farming and staking. The team is working on a yield aggregation feature that will maximize yields with automated investment calibration, which will make the process more user-friendly and well suited for DeFi beginners.

In addition to the DEX, Marblecake offers native pegged tokens. These assets offer traders a more economical way to utilize otherwise expensive real-world assets. Marble Pegs form a fundamental element in the ecosystem as they enable users to trade ‘external assets’ such as Fiat currencies without leaving the blockchain. The development & marketing of pegged tokens will intensify throughout 2022 as DeFi will eventually enter another upswing, increasing the need for tokenized assets — Marblecake will be at the forefront of it.

The reason Marblecake builds on the Binance Smart Chain (‘BSC’) instead of Ethereum or a layer 2 solution is simple: transaction costs. As transaction costs on Ethereum have exploded the past year, making small to medium sized trades prohibitively unprofitable, BSC serves as an alternative for DeFi projects with high transaction volumes. While not a 100% decentralized chain, BSC’s fast block times and low fees give users as well as developers the best of two worlds: agility and economy. Moreover, thanks to its dual-chain architecture, BSC allows users to transact between blockchains. Interactivity is critical in DeFi protocols as it enables users to tap into a huge ecosystem with many types of applications. In addition, BSC was created to improve scalability linked to high-throughput to achieve faster transaction times & short confirmation times. BSC presents the genesis blockchain for Marblecake. The project aims to branch out to other blockchains in due time including Polygon, Fantom & Avalanche.

Decentralization entails non-custodial swapping, transferring and staking. Marblecake does not hold user’s keys and only offers the tools needed to interact with the blockchain directly. The protocols are automated processes that run without the interference by the deployer.

Marblecake offers users the following benefits: Non-custodial trading • No withdrawal fees • Instant swaps • Full transparency Yield Farming Staking Yield Aggregation Anonymity • Users interact directly with the blockchain through Marblecake’s interface • No personal information is ever collected • No KYC • No geographical restrictions Autonomy • At no time does Marblecake hold user’s tokens • Users retain full control over their keys at all times • Users use the smart contracts at their own discretion Agility • High-speed trading • Fast block times • Instant swaps

Pegged tokens also present an ideal asset to park cash in, which is especially beneficial during protracted market downturns. Given the high positive correlations between crypto-assets, having an uncorrelated asset such as Fiat-pegged Marble Peg could mean the difference of surviving market cycles or not. In a sense, Marble Pegs can be perceived as short-term stores of value. Moreover, Marble Pegs act as medium of exchange: Stable value units atop blockchain infrastructure make a compelling case as technology to underpin modern money transfer systems.

A pegged token’s price is, as the name implies, pegged to the price of its underlying asset. mUSD, for example, is tied to the price of the USD and will always be pegged to 1.00 USD per token. Minor variations may occur and allow for arbitrage opportunities with deviations rarely exceeding ~2%. Marblecake’s pegged tokens are backed by mixed reserves consisting of Marble tokens, BNB and BTC with an over-collateralization rate of 25%. Marble pegs manifest as supply-elastic currencies that rebase the total supply on a pro-rata basis according to supply and demand dynamics. Marblecake adopts a rebasing algorithm whereby the supply of pegged tokens expands and contracts conditional to a deterministic rule that is based on the daily time-weighted average price (TWAP). As an example, if a pegged token falls below $0.97, the algorithm executes a contraction in supply; at the other end, if the TWAP rises above $1.03, it would automatically lead to an expansion.

The reason Marblecake builds on the Binance Smart Chain (‘BSC’) instead of Ethereum or a layer 2 solution is simple: transaction costs. As transaction costs on Ethereum have exploded the past year, making small to medium sized trades prohibitively unprofitable, BSC serves as an alternative for DeFi projects with high transaction volumes. While not a 100% decentralized chain, BSC’s fast block times and low fees give users as well as developers the best of two worlds: agility and economy. Moreover, thanks to its dual-chain architecture, BSC allows users to transact between blockchains. Interactivity is critical in DeFi protocols as it enables users to tap into a huge ecosystem with many types of applications. In addition, BSC was created to improve scalability linked to high-throughput to achieve faster transaction times & short confirmation times. BSC presents the genesis blockchain for Marblecake. The project aims to branch out to other blockchains in due time including Polygon, Fantom & Avalanche.

For Information:

Web marblecake.exchange

Email chief@marblecake.exchange

Twitter @marblecakedex

Medium marblecake.medium.com

Telegram @marblecakedex

Author by: honeydarmali06

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