Magic Cube Finance

What is Magic Cube Finance (MAST)?

The magic cube ecosystem runs a series of products based on the protocol, covering the features tokenized assets minting, trading, liquidity providing and staking. each product operates independently in an interconnected system to jointly build a powerful defi ecology for magic cube ecosystem.

What is the utility of Magic Cube Finance?

• Gringotts Bank is the workshop to mint the mcAsset of Magic Cube platform. Users can mint new mcAsset tokens against their deposited collateral (USDM) via Magic Cube smart contracts.
• Ring Swap is automated market maker (AMM) protocol for on-chain assets trading by smart contracts. Ring Swap provides automated matching mechanism for the assets pairs of USDM -mcAssets, or USDM-MAGC.
• One can provide liquidity for the pairs of mcAsset -USDM or MAGC -USDM at the Dwarf Pool. When your asset pair is deposited to Dwarf Mining pool, you will get the LP token that marks the collateral assets.
• Box Staking runs the smart contracts with the logics of token staking and rewards distribution. The rewards for LP stakers come from the newly generated MAGC token at each block. The new MAGC tokens are distributed in proportion to size of staked LP tokens multiplied by the weight of that asset's staking pool.

What makes Magic Cube Finance unique?

• The value of all tokenized assets in Magic Cube ecosystem is determined by the Crystal Ball Oracle that drives the price information on blockchains. The oracle generates the mapped value of each asset by the algorithms with multiple sources.
• Glen Bridge enables cross-chain transfer of the tokens circulating in Magic Cube ecosystem, including MGP, MAGC, USDM, mcAsset(s) and other potential token types from the ecosystem.

Who are the founders of Magic Cube Finance?

The team members are currently not doxed.

What are the future plans for Magic Cube Finance?

N/A