Magnify Cash is a protocol that addresses the limitations of traditional lending systems by supporting a wide range of collateral types, including ERC-721 and ERC-1155 tokens, and allowing loans to be issued in any ERC-20 token. The platform automates the issuance and management of loans, minimising manual intervention and increasing flexibility for both lenders and borrowers.

The platform offers various benefits to lenders such as reduced gas commissions, process automation and the ability to dynamically set and adjust loan terms. Borrowers benefit from access to multiple currencies, fixed rate loans and customisable loan terms.