Multimatic has just been launched about a day. It has certainly caught some attention as with the same link, we can connect to Polygon, AVAX or Fantom network to stake and earn a daily reward.
When you are on polygon network, you can switch to Fantom network and refresh your page to see that it provides staking at Fantom network too.
Simply use Polygon, AVAX or Fantom network that you prefer or you can choose to stake a bit at each of these networks.
Since it is really new, getting in early would be a better bet as this site takes 14 days for the minimum plan to complete.
As I mentioned in my past article, staking it such platform is a bet that can really reap high reward but with high risk. It depends on the contract balance when our plans are due for withdrawal.
Even though it is high risk but it is still better than putting our money into a lottery that we can hardly win.
If we do not put in more than what we can afford due to greed, losing a small amount but a chance to earn a good profit is really a bonus. With the possible profit, we can reinvest to make it risk free.
Below is a screenshot of its plan.
Below is a screenshot of its withdrawal function.
We can see it has a snooze function that allows investors to extend their current plan up to 7 days for a higher yield.
Security Stated on its doc
The Multimatic contract has been independently audited by Haze Crypto. Our verified smart contract has no owner controls and is 100% immutable, which means that it cannot be changed once it has been deployed to the blockchain. This is what ensures total security and peace of mind for our investors. An immutable smart contract offers total security and peace of mind for investors Daily rewards are compiled and updated autonomously, requiring no additional action from the user until the end of a deposit term.
Key features written on its doc
Auto-compounded Daily Yield — Earning compound interest means you earn interest on your interest. Crazy, right? MultiMatic compounds your daily yield automatically, saving you the hassle of claiming and reinvesting rewards every day to earn a higher yield. This powerful feature forms the basis of your investment strategy.
Snooze — This key feature allows investors to extend the chosen investment term for up to seven days at a time. While snoozing, your investment will continue to grow, earning daily compound interest at the same rate as before. The benefit of snoozing is that it gives investors the flexibility to continue earning daily yield while retaining the ability to withdraw funds at short notice.
Unlike other staking sites, it has future plans like lottery system, deflationary token and boosted reward via NFT staking to generate extra income for the protocol.
If you are interested in it, I would appreciate it if you are able to use my referral link. It is a great encouragement to me in writing my investment venture.
https://multimatic.io/?ref=0xe67ac4d724093fea5882a5167aa79cee57aa747b
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.
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