MERLINLAB — An Auto-Compounding Yield Aggregator

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Overview:

Defi is a term given to financial services that have no central authority or someone in charge. Using decentralized money like certain cryptocurrencies that can be programmed for automated activities, we can build exchanges, lending services, insurance companies, and other organizations that don’t have an owner and control by anyone.
These Decentralized finance systems use protocols, cryptocurrencies, and smart contracts to build the application (dapps) on Ethereum and Binance smart chain which are open to all. The traditional finance system is centralized, opaque, and dependent on few entities of the system while the purpose of Defi is to create a financial ecosystem that is opposite to centralized finance in terms of open source, permissionless, transparent, and without any central authority. In Defi, users can control their own assets and manage them for high returns interacting with Dapps.

What Is Yield Farming in Decentralized Finance

Yield farming is a way to make more crypto with your crypto. It involves you lending your funds to others through the magic of computer programs called smart contracts. In return for your service, you earn fees in the form of crypto.
Yield farming also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards.
What is a liquidity pool? It’s basically a smart contract that contains funds. In return for providing liquidity to the pool, LPs get a reward. That reward may come from fees generated by the underlying DeFi platform, or some other source.
Yield farmers will typically move their funds around quite a lot between different protocols in search of high yields. As a result, DeFi platforms may also provide other economic incentives to attract more capital to their platform. Just like on centralized exchanges, liquidity tends to attract more liquidity.

What is Merlin?

Merlin is an auto-compounding yield aggregator with an ecosystem optimized to focus on safe and sustainable maximum yield return. Merlin combines yield maximization with functionality, delivering an all-encompassing DeFi platform. Merlin takes care of gas costs, APY tracking, optimal yield strategies, security with the goal of maximizing DeFi users’ yield farming at the lowest possible cost

Mission of Merlin

Merlin exists to increase freedom, accessibility, and asset sovereignty for everyone in the digital economy.

Goal of Merlin

Establish a comprehensive suite of products not only within BSC but across all chains
Increase the value in MERL tokens by developing complementary product features that will expand the token utility and adding ongoing deflationary mechanisms that will control token supply
Optimize protocol security and robustness through audits, multisignature scheme, and periodic security updates
Create accessible blockchain products through user-centricity and relentless improvement

Why to use Merlin?

Merlin combines yield maximization with functionality, delivering an all-encompassing DeFi platform.

Benefits of Merlin

A yield aggregator that helps you auto-compound your assets
An ecosystem that helps your earn more key cryptocurrencies (aka. BTCB, ETH, BNB, CAKE, etc.) by staking $MERL

What is the Merlin token?

MERL Token is our native governance token. MERL holders govern our ecosystem and receive a distribution of overall fees.
$MERL is minted via Merlin smart contracts. For every 1 BNB distributed in the MERL reward vault, 25 MERL are minted and distributed.
$MERL does not have a maximum supply due to the need for a wide distribution of tokens to accommodate for utility within the range of DeFi product suites planned within the upcoming development roadmap.
$MERL tokens are minted in proportion to BNB earned on the platform.
Buyback & Burn: 50% of the Burn contribution is used to perform market buy-backs of $MERL tokens to stabilize price during market volatility
Lottery: 50% of the Burn contribution will be used to purchase $MERL and injected into the lottery pot. 20% of the pot is burnt
Further deflationary mechanics will be introduced for $MERL ecosystem to become deflationary
Token utility
Earn key cryptocurrencies (aka. BTCB, ETH, BNB, CAKE & more to come) rewards when staked in MERL pool
Governance
Win more $MELR via MERL lottery
Receive rewards from cross-chain vaults

How Merlin Works?

The Merlin ecosystem begins with the Vaults. As users stake in the Merlin vaults, our algorithm optimized auto-compounding mechanism will compound users’ assets for maximum return
The vaults rewards will be in the form of LP rewards and $MERL. The $MERL portion of the reward is generated by the Boosted Yield Convertor
Boosted Yield Convertor maximizes user’s profits by converting 50% of their auto-compounding vault rewards with $MERL tokens, which will maximize users’ yield:
The collected Boosted Yield Convertor will be converted into BNBs and redistributed as MERL pool rewards at $MERL LP Treasury
For every 1 BNB converted through the Boosted Yield Convertor, 25 $MERL are minted
Every 100 $MERL minted, 13 $MERL will be used to expand the Merlin product suites and global marketing activities
Merlin vaults
Vaults are automated investment instruments that utilize optimal strategies to maximize yield. Merlin uses vaults to automatically reinvest and compound deposited assets. Vaults comprise either a single token or a pair of tokens that are invested into liquidity pools.
Each Merlin vault compounds at the most optimal time according to empirical data. This usually ranges between a compound every 2–4 hours.
Compounding yourself is an inefficient process in which it is difficult to manage the optimal compounding frequency resulting in lower yields. Merlin save you time and gas fees.
Merlin Security & Audits
Merlin is created and managed by a team of experienced blockchain, technology and cybersecurity experts.
As part of Merlin’s unwavering commitment to providing a safe platform for our users, Merlin has commissioned 3 audits from reputable blockchain security audit firms. Merlin’s first completed audit from Hacken Cybersecurity has passed with flying colors.
Hacken Cybersecurity — Complete ✅
Certik — In Progress
Haechi Labs — In Progress
Conclusion:
As Merlin looks to continuously grow and develop the DeFi ecosystem, the security and correctness of smart contracts and blockchain-based protocols will remain front and center. Merlin commits to undergoing additional security audits with every new major product release to ensure the integrity of the smart contract code and the security of users.
Read More Here:
Website: https://www.merlinlab.com
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Twitter: https://twitter.com/Merlinlab
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/

[0406Antoxa1982]

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[0406Antoxa1982]

Introducing Merlin Magical Lottery!

Are you ready to win BIG everyday?
We are excited to launch the Merlin Magical Lottery! This is one of many deflationary mechanisms we will be launching in the coming months. Our Merlin Magical Lottery gives everyone a chance to win the lottery every single day!

How does it work? ‌

Lottery Ticket Fee for 1 ticket: 0.2 Merlin (This may be adjusted over time depending on Merlin price)
Single User Lottery Entry Limit: No overall limit, but only 50 can be bought each time
Paying for one ticket will give users a random 4 digit combination with each digit being between 1–14, e.g. “3–6–3–9”

How to win

To win the lottery jackpot (50% of the entire lottery pool), users need to match all 4 numbers on their ticket in the exact same order as the 4 winning numbers.‌
There are many chances to win! As long as you match 2 or more numbers in the correct order, you are guaranteed to win a prize.‌

Winning Ratio‌

Match all 4 numbers in the exact order = win 50% of the pot (or split the pot if more than 1 winner).
Match 3 numbers in the exact order = win or split 20% of the pot.
Match 2 numbers in the exact order = win or split 10% of the pot.
Burn the remaining 20% of the pot.
Please note — in the event that no participants were able to match 3 numbers on any draw, the 20% allocated to winners will then be burned accordingly.
‌For example, if the final 4 winning numbers are “1–9–3–2”
‌“2–3–9–1” = match 0
“1–9–3–2” = match all 4
“1–9–2–2” = match 3
“2–3–3–2” = match 2
“1–2–1–2” = match 2
Lottery phases
Each full lottery session is completed every 24 hours (1 round per day), with the timings for each as below:‌
2 PM UTC — 1 PM UTC‌
An example of a lottery session starting at 2 PM (UTC) is as below:‌
Phase 1 — Buy Tickets (2 PM to 1 PM UTC)‌
You have 23 hours to buy tickets.
The lottery jackpot will accumulate at the top of the page with each ticket bought.
Users will receive a ticket (comprised of 4 digits) for each 0.2 Merlin paid.‌
Phase 2 — Lottery Draw! (1 PM UTC)‌
The 4 winning lottery numbers are drawn and will appear on the page.
Each participant’s winnings will be automatically calculated based on their ticket numbers and shown on the page.
Users can claim winnings if they have any.
Users will also be able to see the lottery results: How many users matched all 4 numbers, 3 numbers, and 2 numbers.‌
Phase 3 — Celebration and Sharing (1 PM — 2 PM UTC)‌
If you won, congrats! Share with your friends or in our community groups.‌
The next lottery starts in 1 hour!‌
How are ticket numbers drawn
The lottery aims to be completely random. Even though the ticket numbers given out are determined by a front-end logic, there is an extremely low chance that anyone is able to determine the 4 winning numbers ahead of time.‌
The 1st lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the number of participating users at the entry deadline.
The 2nd lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the total pooled Merlin balance at the entry deadline.
The 3rd lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the timestamp of the last lottery participant at the entry deadline.
The 4th lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the block difficulty at the entry deadline.
What’s next?
Merlin Magical Lottery will be one of many deflationary games Merlin will sharing in the coming months. Stay tuned, the Merlin Team is working hard every day to introduce more features to you.
May the magic be with you — LET’S GET LUCKY 🤑

🤑
📣 Follow Merlin for the latest updates

Website: www.merlinlab.com
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Telegram Bounty Rewards Group: https://t.me/merlinbounty
Twitter: https://twitter.com/MerlinLab_

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Recovery Pool cMERL — How it works

cMERL and Who is Eligible

All MERL holders and stakers before 26 May 2021 10:29:54 AM +UTC will be eligible for cMERL. cMERL will be automatically staked in the Recovery Pool once the pool is live.

Recovery Pool — Explained



Total Amount Paid: This is the accumulated value paid out to cMERL holders since the launch of the Recovery Pool. The amount is continuously added only after users have claimed the rewards.

Deposit: This is the 1:1 ratio of cMERL:MERL. This amount is automatically airdropped and staked for you into the cMERL pool as long as you were a MERL holder or staking prior to 26 May 2021 10:29:54 AM +UTC.

Rewards: This includes the amount of BNB and MERL you are currently accruing and not yet claimed. You will be able to claim and stake your rewards in our other pools as you go. This enables users to further gain rewards by staking their received MERLs into the MERL staking pool for higher APY.

Timer: The timer represents the amount of time left for cMERL to receive recovery funds. The cMERL pool will last for a total of 42 days from launch date.

Total Claimed: This is the accumulative dollar amount you have actually claimed. The dollar value is only a representation of the token value you have claimed using live token prices. As such it may vary to the dollar value of your rewards when you claimed.

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Road map :

Q1 2021:

* Complete DeFi model formation
* Complete Risk assessment model formation
* Complete strategic round raising
* Additional core developers hires
* Brand identity
* UI/UX design of the Merlin website

Q2 2021:

* Run prelaunch marketing activities such as Airdrop campaign and ambassador campaigns
* Complete development of Merlin smart contracts
* Complete development of Zap feature
* Deploy testnet for prelaunch checks
* Engage with audit firm — Hacken Cybersecurity
* Engage with audit firms — Certik and Haechi [Audit in progress]
* Complete audit with Hacken Cybersecurity
* Complete audit with Certik and Peckshield
* Deploy and amplify marketing activities
* Launch Merlin Bounty Rewards Program
* Engage with CEX’s for listing
* Complete public presale on Bounce
* Launch mainnet
* Enable more wallet integration (TrustWallet, MathWallet, Binance Chain Wallet, WalletConnect)
* Launch multi-language website
* Finalise UI/UX for Lottery
* Launch new single-asset deposit vaults (enable auto-compounding for ETH, BTCB, BNB)
* Add Merlin pools with more key token reward
* Add more auto-compounding LP

Q3 2021:

* Launch additional deflationary mechanics, begin burn contribution
* Complete development of lottery
* Launch lottery
* Open buyback and burn reserve
* Cross-chain
* Complete CEX listing process and prep for CEX listings
* Ongoing marketing and PR work to raise awareness
* Additional product releases

Website: https://www.merlinlab.com
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Twitter: https://twitter.com/Merlinlab_
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/

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Tokenomics

Overview

Currently, $MERL does not have a maximum supply due to the need for a wide distribution of tokens to accommodate for utility within the range of DeFi product suites planned within the upcoming development roadmap.
$MERL tokens are minted in proportion to BNB earned on the platform.
Multiple deflationary mechanisms are in place to reduce supply and to maintain constant upwards price pressure:

- Buyback & Burn: 50% of the Burn contribution is used to perform market buy-backs of $MERL tokens to stabilize price during market volatility

- Lottery: 50% of the Burn contribution will be used to purchase $MERL and injected into the lottery pot. 20% of the pot is burnt

- Further deflationary mechanics will be introduced for $MERL ecosystem to become deflationary

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Merlin Ecosystem



Summary:

- The Merlin ecosystem begins with the Vaults. As users stake in the Merlin vaults, our algorithm optimized auto-compounding mechanism will compound users' assets for maximum return

- The vaults rewards will be in the form of LP rewards and $MERL. The $MERL portion of the reward is generated by the Boosted Yield Convertor

- Boosted Yield Convertor maximizes user's profits by converting 30% of their auto-compounding vault rewards with $MERL tokens, which will maximize users' yield:
As the $MERL token appreciates, the users' yield in turn increases
User can further stake their $MERL rewards to farm BTCB, ETH, BNB, CAKE rewards & more at high APYs

- The collected Boosted Yield Convertor will be converted into BNBs and redistributed as MERL pool rewards at $MERL LP Treasury

- For every 1 BNB converted through the Boosted Yield Convertor, 25 $MERL are minted (This is our launch emission rate, it will be decreased overtime to balance $MERL supply)

- Every 100 $MERL minted, 13 $MERL will be used to expand the Merlin product suites and global marketing activities

Deflationary Mechanics:

- Burn Contribution of 0.3% - 0.9% is collected for $MERL portion of the reward. The collected fees are split evenly into two parts:

   - Buyback & Burn: 50% of the Burn contribution is used to perform market buy-backs of $MERL tokens to stabilize price during market volatility
   - Lottery: 50% of the Burn contribution will be used to purchase $MERL and injected into the lottery pot. 20% of the pot is burnt

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ROAD MAP 2021

Website: https://www.merlinlab.com
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Twitter: https://twitter.com/Merlinlab_
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/