🚀 Magnify.cash V3 Is Live: Real Identity, Real Yield, Real Credit
Today marks a major leap forward for decentralized finance.
Magnify Cash V3 is officially live on World App. This update unlocks a new era of trust-based lending, transparent credit scores, and real yield powered by human identity. Whether you're here to lend, borrow, or build, V3 brings a smarter, more equitable way to participate in the financial system.
This isn't just an upgrade. It's a ground-up rebuild, and it's live now.
🧬 What’s New in Magnify V3
V3 introduces powerful new features that improve capital efficiency, user trust, and yield generation.
✅ Soulbound Credit NFTs
Borrowers now mint a soulbound NFT that acts as a decentralized credit profile. It updates automatically based on loan activity and repayment history.
- Required for borrowing
- Cannot be transferred or gamed
- Unlocks access to loan tiers and better terms
✅ Three Liquidity Pools in One Unified System
Stakers can now choose between three risk-tiered USDC vaults. All pools are ERC-4626 compliant and optimized for real yield.
| Pool | Description | Borrower Risk | Yield |
|---|---|---|---|
| HULP | High-volume, verified borrowers | Low | Stable |
| FCLP | First-time or frontier borrowers | Medium | Growth |
| DFLP | Rebuilding credit post-default | High | High |
Staking is open now. Borrowing starts April 29 after a warm-up period.
✅ V1/V2 Loan Repayment Portal
Users with defaulted loans from previous versions can now repay directly in the app to clear their status and regain borrowing access.
✅ New Lender Experience
Staking is simple, gasless, and instant on World Chain. No NFT required—just deposit into a vault and start earning from real loan activity.
🌐 A Big Opportunity for World Chain Users
For users already on World Chain, this isn't just an upgrade. It's a rare chance to earn and access capital in new ways.
Why This Matters:
- Fresh liquidity is coming online that will fund thousands of new loans to verified users
- New pools offer yield opportunities for stakers, with returns as high as 20 percent APY
- Borrowers are all verified through Orb, reducing fraud and boosting repayment rates
- The entire system is gasless, making it easy to access from anywhere in the world
World Chain isn’t just the host for Magnify. It’s becoming the backbone of a new global credit network.
📅 V3 Rollout Timeline
April 24, 2025 at 11:00 AM SGT — Launch Day
- App upgraded to V3 on World App
- Borrowing temporarily paused until April 29
- V3 Credit NFTs live and mintable
- Repayment for V1/V2 loans now available
- Push notifications sent to users
- In-app announcements updated
April 29 — Borrowing Goes Live
- All three vaults begin issuing loans
- Users with V3 NFTs can borrow based on their credit tier
- Live analytics available via Dune and Merkl
🔧 What We Fixed and Improved
This update includes months of work across the stack, based on community feedback and testing.
- Fixed loan tier display
- Improved wallet loading screens
- World ID backend upgrades
- Secure route protection and wallet authentication
- Refreshed contributor documentation
🧭 How to Use Magnify V3
For Borrowers
🟣 Note: Borrowing is only available through the World App.
👉 Download World App here
- Open the World App and go to the Magnify Cash microapp
- Repay any existing V1 or V2 loans
- Verify with World ID Orb
- Mint your V3 Credit NFT
- After April 29, access borrowing offers based on your credit tier
For Lenders
💸 Lend on Magnify Cash via this link
- Open the lending flow on World App or visit the link above
- Choose your preferred vault: HULP, FCLP, or DFLP
- Deposit USDC (no NFT needed)
- Start earning yield as loans cycle through your pool
💬 Need Help?
Check the in-app FAQ or reach out in Telegram and Discord. Our team is online and ready to help with onboarding, repayments, and NFT minting.
🌍 Why It Matters
Magnify Cash isn’t just another DeFi app. We’re building financial infrastructure that merges identity, trust, and yield in one system.
- Borrowers get access to capital based on behavior, not balances
- Stakers earn yield from real-world activity, not token inflation
- Builders gain access to a modular, scalable credit layer on World Chain
This is DeFi for verified humans. This is Magnify V3.