1、 Borrowing rates at Gateio MBL often stand at 20-80%(Have a borrowing need,https://www.gateio.io/cryptoloan/MBL)
2、 This is the asset on the Ontology chain（ Original chain assets are easier to trade）
3、The token can be traded on Binance /Gateio/…(Have plenty of liquidity)
The demand for this asset is very small. Does it have any applications?
1、Because it is original chain assets, all circulation is convenient。 At least a lot more convenient than cross-chain assets like YFIs
2、Perennially high borrowing rates on Gateio prove that there is demand for it （ This high interest rate is not short term, is the verification of 2 years, experienced bull market bear market verification ）
Wing is a loan project, and if there is loan, there is income
Although it is an original chain asset, its market value is not high and the risk is relatively high.
It just shows in Gate.io project and the liquidity is insufficient, and other lending projects rarely appear, unlike YFI and other less risky assets.
Safety is the first priority and will not put users’ assets in an insecure situation for income.
To be fair, maybe a little harsh on MBL. They have a node on Ontology, nearly 2m USDT 24h volume on Binance. There is nothing particularly risky about the token tbf.
Not saying we should add it, but it is a legit token with utility:
“MovieBloc is a decentralized movie and content distribution platform. It aims to create a transparent revenue share, audience data, and equal screening opportunity for content creators.”