Buy 88mph.app (MPH)

What is 88mph?

88mph is a platform built on the Ethereum blockchain that allows users to earn a fixed yield rate on various cryptocurrencies, such as Bitcoin and Ethereum. Users are rewarded with MPH tokens linearly over the duration of their deposits. The aim is to offer a more predictable income generation method for cryptocurrency holders by mitigating the volatility often associated with crypto earnings.

How does 88mph work?

88mph functions as a non-custodial protocol acting as an intermediary between users and third-party lending platforms like Compound and Aave. It offers fixed-rate yield bonds by depositing user assets into these protocols to generate yields, which are then represented by non-fungible tokens (NFTs). These fixed yields are determined based on the 30-day exponential moving average of the variable yield rate of the underlying protocol. The platform uses smart contracts to manage deposits and yield generation, leveraging features such as Automated Market Makers (AMMs) for trading and transparent governance through MPH token holders.

What are the potential use cases for 88mph?

88mph serves several use cases including providing fixed-rate yield generation on cryptocurrencies and facilitating speculation on future yields. It also creates opportunities for arbitrage and supports various decentralised finance (DeFi) applications, including stablecoin investments. Real-world applications include acting as an intermediary with lending protocols and offering fixed-yield bonds denominated in stablecoins. The platform also incorporates transparent governance and risk mitigation strategies.

What is the history of 88mph?

Founded in 2020, 88mph was designed to address the volatility and unpredictability in cryptocurrency interest rates. Significant milestones include its launch in 2020 and integrations with major lending protocols like Compound and Aave. The development of its AMM model for stablecoin trading and the transparent governance system are key achievements. While specific details about the founding team are not readily available, 88mph has established its market presence by being listed on several cryptocurrency platforms.