88 mph V3 is here.. Securely grow your portfolio with 88mph speed ! vroom..!

Everyone is familiar with the term DeFi. Decentralized Finance (DeFi) is one of the best revolutionary development happened to human history. Think about that, you can lend, borrow & trade your assets without any help of a central bank, CEXs or any other third parties involvement. There are so many decentralized platforms that enables all the facilities. DeFi is the next level financial technology and it is very exciting, but for many it is so confusing and frightening to get involved with it. Actually it is quite simple and interesting. But you have to consider some risk factors involved with DeFi. In order to reduce such risk you have to choose well audited secured platforms and other precautions.

Majority of the people are making or losing money through trading or investing in crypto assets. But you can also earn through putting your assets into work. There are so many opportunities out there in DeFi sector. Such as lending, staking etc. You can generate yield with your assets with different DeFi aspects. There are so many platforms out there for such things. 88mph V3 is one of the best out of them. Let’s get into that..

88mph is an open-source and non-custodial protocol allowing you to deposit your crypto and earn a fixed-rate yield, speculate on future yields, and be rewarded with different incentives. If you are looking for a best place to earn a fixed yield rate on your crypto assets, 88mph is the right place.

88mph V3 is little more advanced and sharp from 88mph V2. Therefore there is a lot of flexibility and features in 88mph V3.

88mph has a variety of features that make it the best place to start earning a fixed yield rate on your assets. The non-custodial fully on-chain protection measures will reduce your psychological pressure. Sit back and relax. Your assets will work for you.

88mph offers a fixed yield rate for various supplied assets, such as DAI, USDC, WBTC, ETH, etc. with a custom or preset maturity. 88mph acts as an non-custodial, fully on-chain intermediary between the users and third-party variable yield rate protocols to offer the best fixed yield rate on user capital.

How 88mph determines a deposit’s fixed yield rate..?

“88mph determines a deposit’s fixed yield rate based on the 30-day exponential moving average (EMA) of the variable yield rate of the underlying yield protocol, such as Aave or Compound. 88mph offers between 25% and 75% of the EMA as the fixed yield rate based on the length of deposit, with longer deposits earning a lower rate.”

MPH is the heart beat of 88mph. It is distributed as an incentive to fixed yield rate products . By holding MPH you can access different features available 88mph such as staking, liquidity mining, governance etc. Also stake MPH for xMPH, earn protocol’s revenues via their bi-weekly buy-back mechanism.

And MPH can also be used as collateral in a different number of emerging protocols like Rari Capital, Mantra Dao, Unit Protocol. And more options are coming. Simply MPH is your yield booster!

If you want to learn more about 88mph fixed APY and working mechanism refer : https://docs.88mph.app/getting-started/fixed-apy

Okay now you are thinking about how all these works.. right? 88mph is very easy to understand and use. Let me try to explain in simple steps.

• Deposit your assets : You can deposit any amount of assets with a custom or preset maturity between 1 & 365 days. You can see the calculation of fixed yield rate and the return based on your deposit on the home page of 88mph.

• Deposit generate variable APY : The third party protocols, such as Aave or Compound will generate variable APY on your assets until it reaches its maturity.
• The deposit tokens : After your deposit, you will receive an NFT representing their custom-maturity deposit or ERC-20 tokens if it’s a preset maturity. It gives you full control over your deposits.
• The MPH token rewards : For using 88mph protocol, you will get MPH tokens linearly vested over the deposit duration.
• Stake MPH : You will get the protocol revenue and voting rights by staking your MPH tokens.
• Withdrawal : You can withdraw, top-up, roll over your deposit + fixed yield rate at any time.

88mph explains everything in detail on their documents. Check it out: https://docs.88mph.app/getting-started/fixed-apy#topping-up-a-deposit

Reminder: Always verify the official website before further deposit proceedings. Here is 88Mph official website: https://88mph.app/

There is a another interesting thing. You can add artistic value to a deposit..! Each of your 88mph deposits are represented by ERC-721 NFT token. So that you can add artistic value to a deposit by attaching whatever metadata you want, such as an image, a title etc.

How is that? This is so exciting ,right?. Anyway 88mph team have some big brains! Excellent. Definitely this will make a powerful impact onchain game assets too. This is going to next level for sure.

Let’s dive into another feature of 88mph platform..

If you are a experienced or advanced user, you can speculate on future variable-rate yields by buying yield tokens..!

In 88mph V2 it was Floating rate bonds. Now it is Yield Tokens (YT). Yield tokens (YT) are ERC-20 tokens which enables speculators to make profit from the rise in yield rate of third party variable-rate yield protocols such as Compound, Aave, and Yearn. You are able to purchase YTs when you made a deposit on 88mph. Each YT is tied to a deposit in 88mph. If you hold YT , you will get the right to earn all future variable-rate yields generated by the corresponding deposit and the purchase cost of the Yield Token. Brilliant idea right? Very interesting!

YTs are not only used as a speculating tool. It also have some roles in 88mph protocol. When users buys YTs, the insolvency risk of the fixed yield rate depositors is decreased, via decreasing the amount of promised fixed-rate yield that is not backed by real assets.

Oh wait! what is insolvency risk?

Chill, let me explain.

Insolvency risk is the situation where 88mph does not have enough fund to return the fixed yield and the deposited funds to the user. 88mph have the four lines of defense to mitigate the risk of insolvency;

1. An oracle that can accurately price (not necessarily predict) future yield. This ensures that yield tokens get sold most of the time.

2. Frequent early withdrawals, which allow 88mph depositors to accumulate the forfeited yield to build up a surplus that acts as a backstop.

3. Volatile floating yield rates in the underlying yield protocols, which allows 88mph to use the surplus yield from deposits that were offered low fixed yield rates to subsidize the deficit caused by the deposits that were offered high fixed yield rates.

4. A security module (not yet deployed), which acts as the ultimate backstop; similar to Aave’s safety module with capped double liability.

Also leading insurance protocols like InsurAce, Nsure or Bridge Mutual cover a full spectrum of smart contract risks for 88mph. So 88mph already have their shield to protect the protocol.

If you want to know more about 88mph risk mitigations, refer : https://docs.88mph.app/getting-started/risk-mitigation

88mph provides more features than any other yield generating competitors. 88mph is the most secured, insured, well audited and most attracting yield rate providing platform with advanced features.

It is an open-source and non-custodial protocol allowing you to deposit your crypto and earn a fixed-rate yield. The user have the full control over their deposits and assets. Is that cool? Can you give me example like this in our traditional finance system? No you can’t . That is the beauty of Decentralized Finance (DeFi).

88mph protocol always give first priority to their protocol security and the yield rate. 88mph provides a much needed fixed rate option in the world of volatile and fluctuating interest rate. That might be good for some people who is extremely inactive. But for others having a fixed rate long term reliable interest rate in a decentralized financial world is very exciting. No question about that. 88mph is taking DeFi and the concept of deposit and yield earnings to the next level. 88 mph team is continuously implementing innovative ideas to the DeFi sector. I believe 88mph protocol will become a Gold standard in DeFi sector.

Source: https://medium.com/@cryptoares007/88-mph-v3-is-here-securely-grow-your-portfolio-with-88mph-speed-vroom-d3d462185bc6?source=rss——cryptocurrency-5