Multiplier has been developing DeFi protocols with user feedback from its centralized crypto lending entity, and launches a governance token which gives the community voting rights, that can only be distributed through minting. MXX tokens are designed to balance liquidity between depositors and lenders through algorithmic derived interest rates and yield, based on the collateralisation and loans conducted on the platform. MXX tokens are not pre-mined, and only minted through transactions that contribute to liquidity on the platform. Potential MXX holders are incentivised to mint MXX through transactions, and will have voting rights towards the governance of the network.
