Rattibha

As there is a lot of excitement surrounding #Zksync
If you like #Camelot on Arbitrum, then you are going to like #Merlin on #Zksync
@TheMerlinDex is developing an innovative DEX solution for true yields and liquidity lodging that is native to @zksync.
🧵, #Rt for others👇

Different key points you will see in this thread;
🪄What is #Merlin
🪄LGE launchpad
🪄Mage & stMAGE tokens
🪄Tokenomics and Vesting
🪄Cauldron Pools
🪄Non-Fungible Magic (NFM)
🪄Dynamic AMM
🪄Core Farming Pools(CFP)
🪄Deflationary mechanics
Let's dive in, shall we.

🧙What is #Merlin?
#Merlin is an immutable, permissionless, community-focused DEX built on #ZkSync.
And it's major aim is to outperform existing DEX offers & to establish itself as the ecosystem's liquidity beacon & give True Yields

🧙LGE Launchpad
They use a permission-less, holistic launch method called Liquidity Generation Events
This gives every project an equal chance to choose investors for their token launch and liquidity
Also, they will launch their token ($MAGE) via the launchpad

🧙$Mage & stMAGE tokens
Merlin is powered by 2 tokens
•MAGE: Merlin's native emission token and is an ordinary liquid token with a 4-year supply cap
•stMAGE: is a non-transferable, escrowed governance token that can only be obtained via MAGE conversion

As farming rewards, $MAGE & stMAGE tokens will be distributed through their yield-bearing NFM's.
Max supply: 80k $MAGE
$MAGE can also be acquired on the market, unlike stMAGE, which is technically illiquid cause it cannot be transferred

🧙Cauldron Pools
Fixed-term pools that accept NFM deposits, offering extra juicy yield opportunities to
users.
There are two types:
Official Cauldrons (created by Merlin or verified partners) and
Community Cauldron Pools (deployed by ecosystem participants).

🧙What is NFM - Non-Fungible Magic!
NFMs are unique #NFTs that represent staking positions on #Merlin.
These NFMs can be deposited into Cauldron Pools for additional yield potential, allowing users to maximize their returns.

NFMs have customizable settings like lock duration and end time, making them adaptable to various user preferences.
Sounds cool right?

Each Cauldron is designed to accept Non-Fungible-Magic (NFM) 🪄from users & has a set lifespans
And each Pool has specific requirements such as wrapped LPs, reward tokens, deposit start time, and optional harvest start time.
You can read more here merlindex.gitbook.io

merlindex.gitbook.io

🧙Dynamic AMM
For liquidity activities on their platform, the #Merlin dAMM enables them to provide a dual-state environment
- Also, they built it to accommodate a wide range of essential features with this in mind

🧙Core Farming Pools (CFPs)
Exclusive, initial farming pools on MerlinDex for early users.
CFPs help seed liquidity for the platform and offer users the chance to accumulate stMAGE.
More like genesis pool..

CFP's main objectives are to seed initial liquidity for Merlin and give the community the earliest chance to acquire stMAGE
CFP Liquidity Pools enable users to deposit tokens in exchange for LP tokens and NFTs for yield farming.

How does farming work on #Merlin?
1.Staking a position on the #Merlin Platform immediately earns you farm incentives & LP swap fees
2.Your staked position can be deposited into the #Merlin Cauldron pool to earn additional rewards...

🧙Deflationary mechanics
@TheMerlinDex employs various methods to control the supply of $MAGE tokens, including buybacks and burns, as well as burning a percentage of MAGE when redeeming stMAGE at a ratio lower than 1:1.

Click on the link below and fill this application form to get Merlin Dex Whitelist👇
forms.gle

forms.gle

Important Links
Website: mage.exchange
Platform: app.mage.exchange
Discord: discord.gg
Telegram: t.me
Twitter:
Medium: merlindex.medium.com