There is no doubt that Crypto World is well received this year mainly due to multi-chain asset pledge loan trend. As reported by DappRadar, the total turnover of the multi-chain asset pledge loan industry exceeded USD10.67 billion in Q3 of 2021, which was 704% higher than that in Q2 and 38,060% YoY. Obvious sharp increase is found in the market size of multi-chain asset pledge loan.

Recently, Martin Trust Version 2.0 - Meta TrustFi is a mining platform specialized in multi-chain asset pledge loan and trust interests, aiming at building the implementation-oriented ecological application governance token MTU. The slogan of the platform is to create the world’s first fully decentralized meta asset mortgage loan aggregation platform.

How to transform the economic model into reality? What is the operation mechanism of Meta TrustFi platform? Can you describe the outline of multi-chain asset pledge loan market? We will explain them below.

I. Meta TrustFi tries to solve the pledge difficulty in single-chain asset pledge loan

The multi-chain asset pledge loan has properly solved the pain point that many chain game platforms on the market can only realize single-chain asset transaction but cannot realize cross-chain game asset transaction, solved the delivery problems of poor-liquidity, non-standardized, large-scale and differentiated assets of the single-chain game platform assets, and solved the pricing difficulty of the single-chain asset pledge loan. Therefore, as DeFi track market, a well-developed multi-chain pledge loan aggregator platform is formed in a short time for the multi-chain asset pledge loan.

Based on this intrinsic property, Dan Tapiero, the founder & CEO of Meta TrustFi, further analyzes that the following two major challenges are faced in the current chain game field of multi-chain asset pledge loan market:

First, the current public chain cannot support development and operation of large-scale online games due to poor performance. Therefore, a large number of products with relatively lower performance such as “Raise A Cat” and “Raise A Dog” flood into the market, and the game performance of public chain is extremely low and the current market only provides single-chain asset pledge loan pricing. For this, Meta TrustFi has built the multi-chain asset pledge loan platform, so that the pledgor and contributor could conduct “negotiation” and finally reach an agreement quickly, instead of multi-chain asset pledge loan pricing by the platform.

Second, content incubation is also an important part of block chain game industry development. At present, the development team of the block chain game still faces such practical problems as lack of appropriate development tool and better game development & network-side running environment, so a capital operation team needs to be formed, which is a long process. For this, the multi-chain pledge loan platform could empower these powerful but unfunded teams to quickly solve this problem.

The two core pain points above have laid the underlying logic of Meta TrustFi products. The core team members including Dan Tapiero discover the opportunity hidden in the market gap under the new trend by virtue of their rich practical experiences in Crypto World and surrounding the idea of solving single-chain asset pledge loan pricing.

II. Operation mechanism and core advantages of Meta TrustFi

It is introduced that as a multi-chain mortgage loan platform for meta assets, Meta TrustFi solves the pain points of the current single-chain asset pledge loan platform through four chains of “HECO”, “TRON”, “BSC” and “Polygon”, i.e. high threshold, low liquidity and difficult operation.

Among them, Meta TrustFi is a multi-chain asset pledge loan and trust interests mining platform. Users can freely exchange or mortgage their chain game assets on different public chains or cross the chain bridge, etc. The platform is provided for negotiation of interest rate and loan amount and mortgage of the pledge loan assets in their own multi-chain assets for exchange of liquidity loan. Meta TrustFi focuses on sub-prime token mortgage loan, unique sub-pool mortgage rate setting model and risk control system, which can effectively provide liquidity release and expand revenue ports for users who hold various long-tail asset tokens. Therefore, in addition to the multi-chain asset pledge loan function, Meta TrustFi also has the similar functions to AAVE, Compound and other loan platforms, which not only demonstrates the diversification but also is involved in the trend of multi-chain asset pledge loan.

In addition, as a multi-chain protocol, Meta TrustFi is first built on HECO public chain. It won HECO Chain Popularity Gold Medal in October, and is expected to successfully reach wave field chain by crossing at the end of December and will also complete deployment in Ethereum Layer2 (Polygon) and BSC later, so as to minimize the Gas cost and increase the operation speed.

Besides the mechanism, the same priority is also given to the technical security. At present, two major modules of Meta TrustFi, i.e. board trust and liquidity trust, have passed the security audit of Armors Labs, CertiK and PeckShield, for which the vulnerability reward program is carried out in Baimao Community. With various functional expansion and stable guarantee, the fans of Meta TrustFi also increase constantly. At present, Meta TrustFi has more than 15,000 persons in token holding address and nearly 40,000 fans in telegraph groups, and many of its KOL giants also actively participate in the construction of Chinese and English communities.

III. Intention to realize “Everything Available for Mortgage” in Meta TrustFi

The product of Meta TrustFi is designed as simple as possible, so that users could directly use it without the need to deeply understand the concept of multi-chain asset pledge loan, which is driven by the concept of “creating products easy to use for more people” held by the team. With the widespread use of the multi-chain asset pledge loan and popularity of Meta, the boundary of Meta TrustFi product function will be extended.

However, it should be noted that Meta TrustFi is one of the players who quickly step into the racing track of multi-chain asset pledge loan platform. We can see from the product details that Meta TrustFi has relatively obvious advantages, such as more than 20,000 trust users, lower handling fees, higher incentives for users, cross-chain deployment and launching of multi-chain trading mode + multi-chain asset pledge loan whitelist filters and other novel functional applications. 

In the future, more highly-governed players may step into this brand new track, but Meta TrustFi has mastered certain first-mover advantages so far. To meet the future challenges, Meta TrustFi may provide a better iterative solution to realize self-upgrading in Meta World and create more MUT implementation-oriented ecological environments.