How does it work?
Marginly employs a set of contracts to handle Margin based liquidity (mLiq), and margin orders (mOR).

mLiq Providers:
Users may provide Marginly Token (MGN) as mLiq to any particular Uniswap pair. The mLiq will then be used as leverage for long and short orders performed by Marginly users. mLiq providers will receive interest for providing liqiuidty based on the current funding rate at any given time. Interest is be paid out after every 3,000 Ethereum blocks.

Margin Traders
Once mLiq has been provided to any particular Uniswap asset, traders may begin placing mOR's against the particular asset. Traders are able to provide MGN against their margin trades with leverage up to 5x. After an order is closed or liquidated, interest is paid to mLiq pools.

Interest and Funding Rates
Marginly trading starts at a baseline interest rate of 2%.

15% to which is burned, 10% dev funding, and 75% provided to mLiq providers.

Marginly Farming (Liquidity Mining) Event
To ensure we build a strong user-base and fairly distribute the initial supply of MGN, Marginly is enabling liquidity mining to produce the initial supply of tokens. MGN will be minted at a rate of 1 token per block for 3 months. A 3x bonus reward period of 15 days will begin on December 18th, 2020, after the presale has concluded.

Web3.0 API
All order processing and liquidity management is executed via smart contracts on the Ethereum network. All data may be pulled directly from the Marginly smart contracts via Web3.0. Our user interface will be open source and may be modified by developers to add more features. The standard process will be to submit a merge request to the development branch on Github, which will be reviewed by code maintainers of Marginly. Developers are furthermore free to create their very own custom UIs for Marginly.

Tokenomics
Maximum supply: 1,304,000 MGN (not mintable after contract deployment)

Premine: 200,000 MGN (Less any unsold/burned tokens)

2 Year Vested Team Tokens: 200,000 MGN

15 Day Bonus Period Liquidity Mining Event: 300,000 MGN

90 Day Liquidity Mining Period: 600,000 MGN

Initial Uniswap Liquidity: 1,000 MGN (To set the initial price)

Bounties: 3,000 MGN

Funding
Marginly funding consists of a 24-hour presale, 200,000 vested tokens over two years, and 0.2% of all Marginly trades. To learn more about our presale, click here