Mushroom Finance

Mushroom Finance project overview

• Project concept
• Team
• Investors
• Token Utility & Tokenomics
• Social networks & links

L2 solutions in the Bitcoin ecosystem are rapidly evolving, exemplified by two promising second-layer networks, BEVM and AiLayer, which have received investments. DeFi projects are usually the first to emerge in new networks.

The BTC ecosystem is in its early stages, yet its DeFi sector is already launching protocols that enable earning through liquidity provision. Over time, the number of such DeFi applications will increase, making it harder for users to navigate through them.

A comprehensive solution — yield farming optimizer in the BTC ecosystem — Mushroom Finance project.

Yield farming — process where users provide their cryptocurrency assets to liquidity pools in decentralized finance (DeFi) protocols to earn returns.

Advantages of Mushroom Finance:

1. Yield Optimization Mushroom Finance automates the user's DeFi strategy, maximizing returns from various high-yield opportunities within the BTC ecosystem.
2. Cost reduction and automation Mushroom Finance simplifies interactions with DeFi protocols by:
   ✓ facilitating the search for optimal yield strategies,
   ✓ reducing gas fees,
   ✓ automating previously manual processes, thereby saving your time and money.
3. Simplicity Mushroom Finance offers a user-friendly interface, making DeFi accessible and intuitive for everyone, regardless of their level of experience.

Current market conditions create the perfect scenario for the launch and growth of the Mushroom Finance platform:

1. One hundredfold growth in TVL. The total value locked (TVL) in the DeFi market has grown more than 100 times from 2020 to 2024.
2. 52% of cryptocurrency market cap is Bitcoin. The large BTC base potentially promotes the adoption of DeFi projects supporting the BTC ecosystem.
3. Cross-chain technology connects Bitcoin with DeFi: WBTC on Ethereum opens up earning opportunities for BTC holders.
4. Search for high yields drives DeFi: Mushroom automates BTC smart contracts for potentially high yields.

Technological foundation of Mushroom Finance

With Mushroom Finance's investment strategies, users can maximize their earnings from liquidity pools (LPs), automated market maker (AMM) projects, and other yield farming opportunities in DeFi.

• Bridge: Users interact with the bridge that connects them to the Mushroom pool.
• Mushroom Pool: The core platform that manages investment assets, ensuring yield optimization.

Users earn from various strategies in decentralized and centralized finance, lending, investing in tokenized real-world assets, and providing liquidity through staking.

The technology of Mushroom Finance enables crypto investors to efficiently manage their investments, maximizing returns through various DeFi strategies.

Advantages of Mushroom Finance

1. Early market entry advantage A large user base and the capitalization of Bitcoin make this market promising. Mushroom Finance is poised to capture a significant share of this market by being one of the first to create a yield optimizer in the BTC ecosystem.
2. Maximized returns The adoption of L2 solutions for BTC expands financial opportunities. As a yield optimizer, Mushroom enhances these opportunities. Launched on L2 Bitlayer, it aims to expand across all BTC L2 solutions, attracting more users and providing cross-chain management of their finances.
3. Support from industry leaders Emphasis on developing strong partnerships with leading L2 projects in the BTC ecosystem to provide users with high annual yield solutions through collaboration with numerous projects.

Strategic partnerships:
Mushroom Finance has formed partnerships with leading L2 solutions in the BTC ecosystem: Bitlayer, Merlin Chain, BEVM, and Stacks.
Bitlayer has allocated over 20,000 BTC and 100 million USDT to increase the total value locked (TVL) on the Mushroom Finance platform.
These partnerships will create a solid foundation for attracting users, increasing traffic, and growing TVL.

Support from major investors:
Leading venture companies, Digital Currency Group and Web3port, plan to inject hundreds of millions of dollars into liquidity to further increase TVL after the launch of the Mushroom Finance platform.

The launch of the Mushroom Finance platform in the mainnet is scheduled for June 2024.

Team

The team consists of 12 members, based in Hong Kong.

Key team members:

• Miloš Bijelić — co-founder, responsible for community.
  Former community manager. Community moderator at MoonKat Finance, MetaKingdom, Lord of Monster. Ambassador for Royale Finance.
  https://www.linkedin.com/in/milo%C5%A1-bijeli%C4%87-92264a163/?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app
• Yusuf Özdemir — co-founder, head of marketing.
  7 years of experience in Web3. Former marketing manager. One of the key members of the Ethereum community. Was part of the teams for NEO, Ontology, ACH projects.
  https://x.com/Yusufmushroom
• Edward Miller — chief technology officer.
  Leads all technical aspects of the project. 5 years in blockchain technology development, previously part of the DYDX and WING project teams.
• Evelyn Bardales — head of business development.
  10 years of marketing experience. Former participant in the ZIL and CIL projects, among others.
  https://x.com/BardalesEve
• Marvin Clay — FullStack developer.
  Programmer with 5 years of experience in blockchain. Former team member of Volare Finance.
  https://x.com/powers_clay

Investors

A strong investor base led by two renowned funds, Digital Currency Group and Arrington Capital.

• Arrington Capital — digital asset management company focused on blockchain-based capital markets. The firm was founded in 2017 by TechCrunch and CrunchBase founder Michael Arrington and TechCrunch CEO Heather Harde.
  They manage over $1 billion and have invested in hundreds of startups worldwide.
  Arrington Capital — an experienced international team. They started with the Arrington XRP Capital fund, which has since expanded to multiple funds. It is the first fund entirely based not on dollars but on Ripple's XRP cryptocurrency.
• Digital Currency Group — American investment giant comprising several well-known subsidiaries: the BTC trust fund Grayscale, the cryptocurrency brokerage Genesis, the crypto media CoinDesk, and the BTC mining company Foundry. The founder of the fund — billionaire and cryptocurrency advocate Barry Silbert. DCG is an investor in centralized cryptocurrency exchanges Coinbase and Kraken, the firm Circle (owner of the USDC stablecoin), and many other crypto projects.

Token Utility

1. Staking rewards:
   Holders of $MUSH receive a share of the platform's profits through dividend distribution.
2. Additional earning opportunities:
   Owning $MUSH grants access to additional income-generating products.
3. Governance token:
   Upon completion of development, Mushroom Finance will integrate into a DAO, allowing token holders to vote on dividend distribution and allocation.

Tokenomics

• Token: $MUSH
• Total supply: 100 million
• Network: L2 BTC — BitLayer

• Round: Private (valuation $25 million)
• Token price: $0.25
• Conditions: 10% on TGE, 3-month cliff, then linear unlock over 1 year
• TGE: planned for Q3 2024

In the Public round, the token will be traded at $0.50 (valuation $50 million).

The project launch is planned on the launchpads Fjord Foundry, Openpad, and Pumpad (the native launchpad of the BitLayer blockchain, where Mushroom Finance is being launched).

Negotiations with the ByBit exchange for listing are in the final stages.

The project's market maker will be one of the early investors, the fund market maker Web3Port.

Social networks & links

🌐 Website: https://mushroom.finance/

🐦 Twitter/X: https://twitter.com/mushroom_defi

💻 Telegram: https://t.me/MushroomFinanceGroup

💻 Discord: https://discord.gg/sxNYSbf3gJ

💻 GitHub: https://github.com/mushroom-finance

💻 Medium:: https://medium.com/@mushroom_finance

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