Mainframe
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Mainframe in numbers
It belongs to the DeFi sector (Decentralized Lending). It has traded since Jul 5, 2018, across 44 markets on 1 exchanges, with $0.726785 of volume in the last 24 hours. Its all-time high of $0.0317359 was reached on Mar 20, 2021; the current price is 99.4% below that peak. Its cycle low of $0.000205468 came on Nov 1, 2026.
On Ethereum, 21,716 addresses hold MFT.
About Mainframe
The Mainframe Lending Protocol allows anyone to borrow against their crypto. Mainframe uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date enabling fixed-rate lending and borrowing.
Background
Mainframe aims to build the necessary infrastructure for a new internet that places a premium on private, peer-to-peer, censorship-resistant application development and information transfer. Mainframe is led by Mick Hagen, a serial entrepreneur, and a Princeton computer science dropout.
At a high level, the team works to deliver three primary solutions to concerns with the current internet. First, Mainframe prioritizes information security via end-to-end and group encryption on a privacy-focused platform, which is a perceived weakness for projects like Keybase or Signal. Mainframe also focuses on user privacy with the goal of allowing developers and customers a surveillance-free experience without exposing personal and network information. Last, Mainframe aims to build a distributed, peer-to-peer protocol that offers a censorship-resistant haven for users, something today's internet cannot do.