what's MultichainZ?
MultichainZ is a cross-chain lending protocol designed to unlock liquidity for a diverse range of assets, including non-fungible tokens (NFTs), cryptocurrencies, and real-world assets (RWAs). It operates across multiple blockchains such as Plume Network, Base, and Arbitrum, enabling users to supply collateral, borrow assets, and engage in seamless cross-chain transactions. The protocol supports advanced features like using yield-bearing assets as collateral to optimize borrowing costs and integrates liquid staking derivatives (LSDs) for enhanced capital efficiency. By tokenizing RWAs and facilitating decentralized finance (DeFi) interactions, MultichainZ aims to bridge traditional finance with blockchain ecosystems. Users can deposit assets to earn yields, borrow against positions without selling holdings, and participate in composable markets. Security is prioritized through partnerships with trusted operators and audits, ensuring a robust infrastructure for institutional and retail participants alike.
MultichainZ launched a $300K Bantr rewards campaign (Oct 22-Jan 22) with vested tokens & creator snapshots.
Links
x.com/multichainz_Launched V3 with multichain capabilities allowing tokenization once and distribution across multiple chains in 2025.
Ranks third in weekly mindshare growth among chains at +1.22%, behind Ethereum (+2.05%) and Solana (+1.3%).
Multichain ranks second among chains in weekly mindshare growth at +1.03%.
New York Court extends asset freeze to support Singapore's liquidation proceedings.
Launches $300,000 rewards campaign on Bantr platform running from October 22 to January 22, with 50% of tokens unlocked at TGE and 50% vested for 6 months, featuring monthly snapshots for top 200 creators.
Partnership with liquidityland offers yield farming opportunities across Plume, Base, and Arbitrum chains with cross-chain borrowing and lending functionality.
MEV bots exploit unrevoked Router V4 approvals, stealing 401 ETH through multiple transactions.
Court orders Foundation liquidation following $210M exploit; previous summary mentioned KPMG as liquidator but did not specify the exploit amount or that Sonic Labs is seeking asset recovery.
KPMG appointed as liquidator to assess assets and handle claims process; frozen USDC holders may have future claim options.