Gather around, dear adventurer, and listen well to the tale of @TheMerlinDEX

Behold the magical world of @TheMerlinDEX -

A decentralized exchange built on #ZkSync that will solve the ancient puzzle of liquidity!

A MUST-READ MAGICAL THREAD🧵
@paulchristain__

Now join me as I take you on this quest to unlock the secrets of true liquidity and experience the magic of decentralized finance like never before.

Welcome to the enchanted world of $Merlin - where possibilities are endless, and true yields await!

Allow me to offer you a glimpse of the mystical map that will guide you through this thread.

🪄 Introduction to Merlin
🪄 Core Merlin Manifesto
🪄 Features of Merlin
🪄 Cauldron Pools
🪄 LGE Launchpad
🪄 Dynamic AMM
🪄 Non-Fungible-Magic (NFM)
🪄 Core Farming Pools

🪄 Two Token Protocol
🪄 Token distribution & Vesting
🪄 Technique of Deflation
🪄 Protocol Links

By the end of our mystical journey through the world of $Merlin, you will discover how Merlin's magic is solving the liquidity problem and ushering in a new era of DeFi.

🪄 Introduction to Merlin

@TheMerlinDEX is a magical world of immutability, permissionless ness, and community-centricity.

It is built upon the foundation of #ZkSync, where the liquidity problem is but a distant memory.

Merlin has created an enchanted liquidity environment,

that is both robust and efficient, allowing builders and users alike to access deep and readily available liquidity.

With Merlin's vision, they aim to surpass current DEX offerings, and as the first of its kind to set a precedent for the standards required to become the beacon

of liquidity in this mystical ecosystem.

Merlin's mission is to provide 'True Yields' to all those who seek to venture into the world of decentralized finance, making it a land of endless possibilities and abundant treasures.

🪄 Core Merlin Manifesto

Discover the magical world of Merlin, where the fundamental goal is:

1⃣ To empower participants of the zkSync ecosystem with unparalleled flexibility and control over their liquidity.

2⃣ As a supporter of new protocol launches, Merlin provides the essential tools for liquidity creation and growth.

3⃣Merlin is creating an ecosystem that benefits all with a proprietary architecture that can be easily integrated into other ecosystem protocols.

4⃣And for liquidity providers, Merlin's innovative emissions strategies and strong tokenomics ensure real, applicable yields.

Plus, don't miss out on Merlin's unique approach to liquidity strategy through non-fungible staked positions.

It's time to join the wizardry of Merlin and unlock the full potential of your liquidity.

🪄 Features of Merlin

Here are the key features that make Merlin stand out from the rest:

🔸Trade Exchange (swap):

With Merlin, you can swap any token listed on our DEX in a fast, low-cost, and efficient manner. Every swap incurs a nominal fee that is paid out to liquidity providers who enable the swapping process.

🔸Liquidity Adding:

Adding liquidity to pools on Merlin comes with its own benefits. You receive LP tokens and trading fees from all trades that occur on the pair that you have provided liquidity for.

🔸Earn:

Yield-bearing positions are incentivized, meaning only the ones with "farms" on the user interface.

However, with Merlin, anyone can leverage their NFM's and directly incentivize liquidity through Cauldron Pools.

Engage with the magical world of Merlin and unlock endless possibilities for trading, investing, and earning.

🪄 Cauldron Pools

Get ready to be bewitched by Merlin's Cauldron Pools - the ultimate solution for those seeking to maximize their yield potential!

These pools are built on the foundation of Non-Fungible-Magic (NFM) staked positions, making them a potent source of power that can naturally compound onto your initial position's yield.

With Cauldron Pools, you can seamlessly achieve the synergy of objectives between ~

~ the project that creates the Cauldron and the user seeking the highest possible return on their capital - also known as True Yield.

This is made possible through a fixed-term nature that allows users to stake their NFM's and earn extra

rewards on top of what their initial position generates.

Merlin supports two types of Cauldron Pools on our platform:

▫️ Official Cauldrons created by Merlin or verified partners

▫️ Community Cauldron Pools that are openly deployed by anyone participating in our ecosystem

So why settle for ordinary returns when you can experience the magic of Cauldron Pools?

Join Merlin now and discover the true power of NFM staked positions!

🪄 LGE Launchpad

Introducing Merlin's game-changing LGE Launchpad

The ultimate solution for those seeking a fast, efficient, and decentralized way to curate investment for their token launch and liquidity!

Its unique launch system is designed to be holistically permission-less, which means that all projects have an equal opportunity to raise funds and liquidity regardless of their background or size.

As a demonstration of their commitment to this innovative approach,

@TheMerlinDEX have decided to launch titsvery own $MAGE Token through their LGE Launchpad.

By doing so, they are making it easier than ever before for teams to raise funds and liquidity in a way that is both fast and efficient.

So why settle for traditional launch systems when you can experience the magic of Merlin's LGE Launchpad?

🪄 Dynamic AMM

Get ready to experience the power of Merlin's Dynamic AMM - the next evolution of decentralized trading!

@TheMerlinDEX dual AMM system is designed to handle both volatile (UniV2) and stable (Curve-like) exchanges, all while minimizing fees and maximizing speed and dependability.

But that's just the beginning!

They are also introducing dynamic directional fees that give you more control over your trades than ever before!

With this ground-breaking feature, you can set different fees for each pool and even adjust the fees based on the swap direction (buying/selling).

What does all this mean for you?

It means that you'll enjoy pool configurations that are more specialized and tailored to your specific trading needs, leading to better outcomes and higher returns.

So if you're ready to take your trading to the next level, join Merlin now and experience the magic of its Dynamic AMM!

🪄 Non-Fungible-Magic (NFM)

Merlin's Non-Fungible-Magic (NFM) feature offers a revolutionary way to stake tokens and generate yields on the platform.

Each staked position comes with a unique NFT, which acts as a deposit receipt and allows users to withdraw their funds whenever they want.

The best part?

The owner of the NFT is also the owner of the corresponding LPs, giving them full control over their investments.

But that's not all.

Staked positions on Merlin offer a range of interactions, including deposit, withdraw, collect, lock, extend, transfer, split, and merge.

With these operations, users can tailor their staking strategy to their specific needs and maximize their returns.

Whether you're looking to generate passive income or take an active approach to investing, Merlin's NFM feature offers limitless opportunities for growth and success.

🪄 Core Farming Pools

The Core Farming Pools (CFPs) are the ultimate opportunity for early adopters to reap the rewards of Merlin's revolutionary platform.

These exclusive pools are the first farming opportunities available on the platform and are specifically designed to

generate initial liquidity for $Merlin before its official launch. By participating in the CFPs, users gain exclusive access to accumulate $stMAGE, and be among the first to experience Merlin's magical features.

But the benefits of the CFPs go beyond early access and initial liquidity.

As a foundational element of the $Merlin ecosystem, the CFPs are an essential tool for building a vibrant and thriving community.

They offer a unique opportunity for users to connect, collaborate, and contribute to the development of a powerful #DeFi platform.

So join the CFPs and become a part of something truly magical!

🪄 Two Token Protocol

@TheMerlinDEX tokenomics plan is a critical aspect of Merlin's success, and it will be dissected through the lenses of its two tokens: $MAGE and $stMAGE.

$MAGE is its native emission token - a liquid asset with a four-year supply cap that will drive Merlin's ecosystem forward.

Name: Mage Token
Ticker: MAGE
Chain: ZkSync
Max supply: 80,000 MAGE

Meanwhile, its partner,

$stMAGE, is a unique governance token locked in escrow.

$stMAGE can only be obtained by converting MAGE, making it a coveted asset that offers unparalleled control over Merlin's future.

Name: Merlin Staked Token
Ticker: stMAGE
Chain: ZkSync
Contract: TBA

🪄 Token distribution $ Vesting

Merlin's token distribution is a meticulously crafted plan that ensures fairness and sustainability in its growth.

There are various categories, such as public sale, private sale, KOL sale, advisors, team, liquidity mining, airdrop,

development fund, partnerships, reserves, ecosystem, core farming pools, and protocol-owned liquidity.

Each of these categories has a predetermined allocation percentage that specifies the amount of tokens distributed to each group

🪄 Technique of Deflation

At Merlin, they have implemented various techniques to combat inflation and reduce the supply of $MAGE.

Along with the established hardcap, they have also incorporated deflationary measures to ensure the continual decrease of $MAGE in circulation.

One of our most significant deflationary measures is the buyback and burn system.

A portion of the protocol's profits is reserved for purchasing $MAGE from the market, which is then permanently removed from circulation.

This strategy maintains a steady purchasing pressure on MAGE, further decreasing its supply and increasing its value.

🪄 Protocol Links

Website: ​mage.exchange
Platform: ​app.mage.exchange
Discord: ​discord.com/invite/merlind…
Telegram: ​t.me/TheMerlinDEX
Twitter: ​twitter.com/TheMerlinDEX
Medium: ​merlindex.medium.com
Docs: merlindex.gitbook.io/merlin/

Our Magical adventure has come to an end.

~ Follow @paulchristain__ to learn more on web3 because he is a genius in this space.

~ Follow @TheMerlinDEX for more magical information on Merlin.

#Zkevm

Tagging Great Minds in the web3/Defi Space you should all follow

@_BillionAireSon
@VanessaDefi
@_Quivira
@paulchristain__
@david_choya
@PrudentSammy
@SamuelXeus
@thenameisbrill