What Is Mensa Protocol (MENSA)
Mensa Protocol (MENSA) ” refers Mensa Protocol and they own and operate the website which acts as a front-end to the decentralized Mensa Protocol. These Terms apply to you (“You”) as a user of the Site and Mensa front-end, including all the products, services, tools and information made available on the Site.
Mensa Protocol (MENSA) read these Terms carefully before using the Site. These Terms apply to any person accessing the Site and by using the Site you agree to be bound by them. If you don’t want to be bound by them, you should not access the Site. By using the Site in any capacity, you agree that you have read and understood these Terms.
Mensa Protocol (MENSA) You are advised to check these Terms periodically to familiarize yourself with any changes to the Terms. Mensa in its sole discretion, reserves the right to make changes to our terms of services.
Mensa Protocol (MENSA) Changes are binding on users of the Site and will take effect immediately upon posting. As a user, you agree to be bound by any changes, variations, or modifications to terms of service and your continued use of the Site shall constitute acceptance of any such changes, variations, or modifications.
Mensa Protocol (MENSA) Coin Storage Key Points
Coin Basic | Information |
---|---|
Coin Name | Mensa Protocol |
Short Name | MENSA |
Max Supply | 200,000,000 |
Fully Diluted Market Cap | $4,366,585 |
Source Code | Click Here To View Source Code |
Explorers | Click Here To View Explorers |
Twitter Page | Click Here To Visit Twitter Group |
Whitepaper | Click Here To View |
Support | 24/7 |
Official Project Website | Click Here To Visit Project Website |
Overview
Mensa Protocol (MENSA) is a decentralized lending platform based on Fantom chain, which aims to provide platform users with a decentralized and secure market to obtain loans and earn interest. Mensa Protocol supports pledged lending of multiple crypto currencies on Fantom chain. Users can obtain token MENSA as rewards by depositing and borrowing on Mensa Protocol.
Token Distribution
Mensa Protocol (MENSA) are issued through a fair launch Mechanism. The maximum supply of MENSA tokens will be 200 million (200,000,000).
24% deposit & borrow pool rewards: Continuously issued to users who deposit & borrow from Mensa Protocol. 6% of the daily rewards are allocated to depositors, 18% to borrowers. The release will be completed in 4 years.
25% liquidity pools rewards: Continuously minted to liquidity providers of SpiritSwap USDC-MENSA trading pair and future liquidity pool. The release will be completed in 4 years.
20% early investors + consultants: Lock-up for 3 year.
25% team/development fund: Lock-up for 1 year, then continuously vested for the second year, the release will be completed in 3 years.
Short-Term capital tax” Mechanism
Mensa Protocol (MENSA) Users have a 1-month lock-in period for mining rewards. Users can unlock in advance, but they must bear a “short-term capital tax” of 25% of the mining rewards when reaping the rewards. 5% of the 25% penalty fee for mining will be permanently destroyed and the remaining 20% will be distributed to users whose MENSA token are still locked, as rewards for long-term currency holders. After the normal 1-month lock-up period, users can get 100% mining rewards. The lock-up period will be recalculated each deposit & borrow or claim.
Mensa(MSA) Pool
Mensa Protocol (MENSA) When users borrow coins from Mensa Protocol, they will be charged interest fees. For example, at 10:00 UTC on August 21st, when a user borrows USDC on the Mensa Protocol platform, Stable APY is 6.92% and the interest is settled in USDC.
Mensa Protocol (MENSA) When users stake MENSA tokens into Mensa Pool, they can share ALL the fees charged by Mensa Protocol. The allocation ratio is determined by the proportion of MENSA tokens user stakes in the Mensa Pool. All fees are settled in the currency in which the platform receives.
Liquidation
Mensa Protocol (MENSA) If a user’s borrowing balance exceeds their total collateral value (borrowing capacity) due to the value of collateral falling, or borrowed assets increasing in value, the public function liquidate(address target, address collateral Asset, address borrowAsset, uint close Amount) can be called, which exchanges the invoking user’s asset for the borrower’s collateral, at a slightly better than market price.
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