88mph is a non-custodial, fully on-chain protocol that acts as an intermediary between users and third-party variable yield rate protocols to offer a fixed yield rate on their capital. Users can deposit crypto or stablecoins to earn a fixed yield rate and receive MPH tokens. The protocol allows users to top up, withdraw, or extend the terms of their deposits at any time. It relies on four lines of defense to mitigate insolvency risk and is covered by insurance protocols like InsurAce, Nsure, or Bridge Mutual for smart contract risks. For advanced users, 88mph offers the ability to speculate on future variable-rate yields by buying yield tokens (YTs), which also helps strengthen the protocol's solvency. The MPH token can be staked for xMPH to earn protocol revenues, provide liquidity, and participate in governance by voting on proposals.
