TM Rating: 76%
February 16th, 2021
88mph is a DeFi platform that offers services such as fixed-rate interest in deposits, floating-rate bonds, ERC-20 zero-coupon bonds (soon), and passive income generation through single-asset staking ($MPH). Essentially, users deposit their assets into the platform, and those deposits are then used by the smart contract to earn interest and farm on various platforms like Aave, Compound, Harvest, and Yearn. E.g, the smart contract yield-farm COMP or FARM on these platforms and sells its yield weekly, which is then converted to DAI and distributed to users staking MPH on the 88mph.app platform.
Crypto’s volatility and wild swings, while potentially highly profitable for the average crypto trader, are often a turn-off for users coming from a traditional finance background. 88mph offers exposure to crypto without the risks associated with price volatility. As a decentralized protocol, some risks still exist as with any dApp but the smart contract went through multiple audits. We see 88mph as a good choice for anyone looking to earn fixed-rate interest on its stablecoins.