Ⅴ. MAGIC CUBE DeFi ECOSYSTEM
Light can be found even in the darkest of times when one turns on the light.
——Dumbledore
The light of magic before the dawn is about to spill over every corner of the world and the era of financial democracy is coming.
Magic Cube protocol is a synthetic assets protocol based on the Binance Smart Chain, which is an on-chain price risk synthesis protocol for real-world assets. Users can mint, trade, and mine real-world assets for different profits on the Magic Cube platform by staking USDM, the stablecoin of magic Cube ecosystem.
The Magic Cube protocol allows anyone to issue and trade synthetic assets that track the prices of real-world assets, including traditional stocks, funds, gold, commodities, real estate, and all other real-world assets; as well as crypto assets such as BTC, ETH, and BNB. The synthetic asset issued on Magic Cube is named mcAsset. for example, the mcAsset minted from Apple's APPL stock on NASDAQ is “mcAPPL” and BTC's mcAsset is “mcBTC”.
Both the minted mcAssets and their derivatives are integrated to different product features of Magic Cube ecosystem to make profits for the holders. For example, the holders of mcAssets can provide trade the mcAssets at Ring Swap, and provide liquidity for trading pairs at Dwarf Pool, stake the assets at Box Staking and transfer the assets to different blockchains at Glen Bridge.
Last modified 11mo ago
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