Review on Mainframe by Toprak Dere
About Mainframe
The Mainframe platform is a unit that provides instant liquidity to users to increase their investments by aiming to offer fixed-rate loans against crypto. It states that it has large communities supporting its mission of economic freedom and financial access since late 2017.
The Mainframe Lending Protocol allows anyone to borrow money against their own crypto. Mainframe uses a tool like bonds that represent an obligation on chain paid at a specific future date. Thus, the purchase and sale of tokenized debt enables fixed rate lending and borrowing. The platform states that this is something much needed in decentralized finance today.
Pros
- it allows users to deposit less than 150 percent collateral to suppress their tokenized debt obligations. These liabilities are purchased by lenders at a discount and can be redeemed at nominal value at maturity. Liquidity providers, called guarantors, keep the system active enough by purchasing default collateral at a discount and earning protocol fees.
- Mainframe is also trying to give a second life to its local MFT coins through the ongoing development of a liquidity mining program.
- offer Mainframe users the opportunity to become a bank. Users become their own bank with Mainframe
Cons
- none
