Mineral: Introducing sustainable BTC DeFi supported by Real World Assets, with APR up to 1801.95%

Traditional DeFi projects rely on large amounts of subsidies and liquidity lock-in, which is doomed to be unsustainable. DeFi2.0 projects like OHM essentially attract investors with extremely high compound interest returns by focusing on supply growth rather than price.Xiaobai NavigationThe appreciation and depreciation of prices has led to a consensus in the market, but unfortunately, when the market heat decreases or the emergence of forks like mushrooms after rain leads to a reduction or even exhaustion of follow-up funds, the high premium will slowly dissipate or even collapse.

So how can we make sustainable development while ensuring considerable profits?DeFiWhat about the project?

Mineral gave the answer: introducing Real World Asset as support to reduce bubbles.

Mineral是在 Merlin Chain (BTC L2) 上，首个基于 BRC420 发行 RWA 铭文的原生 BTC DeFi 项目。与众多依赖大量补贴和流动性锁定的不可持续的 DeFi 1.0 项目不同，Mineral 引入了挖矿的正向外部性收益，创建了一个可持续发展的生息资产 DeFi 模型。采用独特的国库设计（Token $MNER) continues to increase its holdings of RWA to consolidate its value. Through high composability, it opens up broad possibilities for cross-project cooperation and realizes the multi-flywheel design of DeFi.

Mineral took the first step by cold-starting a fair sale on Merlin Chain, and then purchased equipment, built the environment, and provided observer links to ensure transparency in one go. The team responded quickly and responsibly, and quickly attracted a large number of core users.Community不满，Mineral 赋能波折，但这反而让社区看到了团队的坚持和真诚。

For the project side, the spot or futures sales of $MNER can effectively fill the treasury in order to obtain funds for a new batch of RWAs. For $MNER pledge users, they can not only enjoy the net income of new equipment obtained in the second and subsequent batches, but alsoGet high AP from 20%$MNER release total allocationRProfit, which is also the origin of the positive flywheel.

In general, the design of the entire mechanism also highlights that Mineral is not a violent short-term project, but a long-term sustainable DeFi supported by the introduction of RWAs.

Currently, the first batch of $MNER's new issuance has been successfully completed with an oversubscription of 900%+. As of March 28, 2024, the increase of $MNER is 180% of the new issuance price, and the official $MNER pledge has also been opened. We look forward to the market performance of $MNER and Mineral.

Official website: https://www.mner.club/

Participation link: https://x.com/mner_club/status/1773171319716397110?s=20

The article comes from the Internet:Mineral: Introducing sustainable BTC DeFi supported by Real World Assets, with APR up to 1801.95%

Related recommendations: El Salvador’s digital currency vision: BTC bonds and BTC cities

El Salvador Vice President Felix Ulloa confirmed that BTC's legal tender status in El Salvador will continue to remain unchanged. Source: Bitcoinist Compilation:BlockchainAs El Salvador heads into national elections on Sunday, Vice President Felix Ulloa outlined the government’s approach to BTC in an exclusive interview with Reuters…