Multipli is a zero-knowledge (ZK) based yield protocol that enables users to earn reliable yields on stablecoins and traditionally non-yield bearing assets. By tokenizing real-world assets, it democratizes access to yield generation, allowing users to achieve an annual percentage yield (APY) of up to 10.3% on Bitcoin.
Funding
Funding not disclosed
Founders
Product
Problem
Many crypto assets, such as Bitcoin and tokenized real-world assets, traditionally do not generate yield, limiting potential returns for holders. Existing yield-generating opportunities in DeFi can be complex, risky, and inaccessible to the average user.
Solution
Multipli is a yield protocol that enables users to earn yield on stablecoins, native crypto assets, and tokenized real-world assets (RWAs) through a zero-knowledge (ZK) based architecture. The protocol tokenizes deposited assets into "xTokens," which are then deployed into various yield-generating strategies, such as contango and funding rate arbitrage. Multipli aims to democratize access to yield generation by simplifying the process and providing reliable returns on a broader range of assets. The platform's architecture allows for transparent validation of collateral levels, enhancing trust and security.
Target Audience
Multipli targets cryptocurrency users and investors seeking to generate yield on their existing crypto holdings, including Bitcoin and tokenized real-world assets, with a focus on those who value simplicity and transparency.
Features
- Tokenization of deposited assets into xTokens representing the user's position.
- Utilization of contango and funding rate arbitrage strategies to generate yield.
- Support for a variety of assets, including stablecoins, Bitcoin, and tokenized real-world assets.
- Zero-knowledge (ZK) based architecture for enhanced privacy and security.
- Open-sourced transparency dashboard allowing validators to verify collateral levels.
- Partial selling functionality for xTokens, providing users with increased flexibility.