FAQs
Below, we've answered some questions you might have about Multipli
General
What is Multipli fi?
Multipli is a Zk based yield protocol specifically designed for making yield on traditionally non-yield bearing assets (XAUT (tokenised Gold), BTC, etc) and also boosting yield bearing capacity of any asset by 4-12%.
How does Multipli work?
Multipli leverages delta-neutral arbitrage strategies in spot and futures markets to offer high yields on native tokens and real-world tokenised assets (RWA).
How does Multipli generate yield?
Multipli generates sustainable yield through risk-free arbitrage strategies, leverages derivatives and LST (liquid staking tokens) to optimise capital efficiency, and exploits funding rates and price differentials for profit.
What is Multipli's delta neutral contango strategy?
This strategy aims to profit from the difference between the spot price and the futures price of an asset.
What is contango arbitrage?
Contango arbitrage involves exploiting the difference between the current spot price of an asset and its futures price, by building a short position in futures and a long position in spot simultaneously. Learn more about contango here.
What is spot perpetual funding rate arbitrage?
Spot-perpetual funding rate arbitrage involves capitalising on the funding rate exchanged between traders holding long and short positions in perpetual futures contracts while maintaining delta-neutrality through the spot position. Learn more about funding rate here.
What is the proof that Multipli’s arbitrage strategies work?
Multipli's arbitrage strategies have been extensively back-tested (~4 years) and front-tested (~6 months), and proven effective in various market conditions. Check out our docs for more details.
What is the anticipated return / projected yield?
Multipli offers a yield ****range of 5-25%, which surpasses the best offers currently available in the market, especially for traditionally non-stakeable tokens like BTC.
Does Multipli's performance vary in bull and bear markets?
Multipli's delta-neutral strategy is designed to mitigate risks in both bull and bear markets, generating yield regardless of market performance. Learn more.
Is Multipli fi intended for retail or institutional investors?
Multipli is designed to cater to both retail and institutional investors.
Buy
How can I buy xTokens?
You can buy xTokens on Multipli in 4 simple steps:
Connect your wallet to the Multipli platform.
Go to the Buy tab on the landing page.
Select the network and xToken of your choice and enter the amount you want to buy.
Confirm the transaction and wait for it to be processed.
Why should I hold xTokens?
xTokens are Multipli’s yield-bearing tokens. When you hold xTokens, they generate yield for you.
Which tokens and networks are currently supported by Multipli?
Currently, Multipli supports wBTC, USDC and USDT on the Ethereum and BSC networks.
Which xTokens can I currently buy on Multipli?
Currently, you can buy xwBTC, xUSDT and xUSDC on the Ethereum and BSC network.
Where can I check the status of my transactions in Multipli?
You can check your transactions under ‘Activity’ on the Holdings page.
How can I cancel a transaction?
Unfortunately, any transaction initiated cannot be cancelled due to the nature of our application.
Sell
How do I sell xTokens on Multipli?
You can sell xTokens on Multipli in 4 simple steps:
Access the Sell tab on the Buy page.
Select the network and the xToken you wish to sell.
Click Stop Yield & Withdraw.
Confirm the transaction and wait for it to be processed.
How do I withdraw my tokens from Multipli?
You can sell your xTokens to withdraw your tokens from Multipli.
How long does it take for the sell transaction to complete?
It will take from 7 to 14 days to sell your xTokens, depending on when you initiate the withdrawal. This is what our withdrawal cycle looks like:
Withdrawals initiated by Thursday 11:59 PM UTC will be processed on the Thursday of the next week.
Withdrawals initiated after Thursday 11:59 PM UTC will be processed on the Thursday after two weeks.
How can I cancel Stop Yield & Withdraw?
Unfortunately, any transaction initiated cannot be cancelled due to the nature of our application.
Is there any fee for sell or withdrawing my funds?
You are charged a small transaction fee when you withdraw your funds.
Can I sell or withdraw my funds partially from Multipli?
The partial withdrawal/sell feature is live on Multipli. However, it is currently restricted to users who have a Multipli balance of above $10K. It will be rolled out to more users soon.
Yield
How do I claim my yield?
You can claim yield on Multipli in 4 simple steps:
Access the Yield tab on the Buy page.
Select the network and the xToken you wish to claim yield from.
Click Claim Yield.
Confirm the transaction and wait for it to be processed.
How does Multipli generate yield?
Multipli employs delta-neutral strategies like Contango Arbitrage and Spot-Perpetual Arbitrage on our yield-bearing xTokens to generate yield. You can learn more about how Multipli generates yield here.
How much yield (APY) does Multipli generate?
Multipli’s APY figures may vary over time. Stay updated on APY figures by checking the Stats page regularly.
How long does it take for my yield to be processed?
It will take from 7 to 14 days for your yield to be processed.
The yield claim cycle looks like this:
Claims initiated by Thursday 11:59 PM UTC will be processed on the Thursday of the next week.
Claims initiated after Thursday 11:59 PM UTC will be processed on the Thursday after two weeks.
Will claiming yield sell all of my xTokens?
No, when you claim yield, only the yield is exchanged to the respective tokens and transferred to your wallet.
How can I cancel a yield claim?
Unfortunately, any transaction initiated cannot be cancelled due to the nature of our application.
xTokens
What are xTokens?
xTokens are Multipli’s yield-bearing tokens. When you buy xTokens, delta-neutral trading strategies are applied to it and yield is generated.
Which xTokens does Multipli currently support?
Currently, Multipli supports xUSDC and xUSDT on the Ethereum and BSC networks.
Can I withdraw xTokens from my Multipli account?
No, you can’t withdraw xTokens. You can only sell them to get your original tokens back to your wallet.
Can I use Multipli’s xTokens outside of Multipli?
No, they can only be used to generate yield in Multipli.
How does xTokens generate yield?
Delta-neutral strategies are applied to your xTokens to generate yield. You can learn more about how xTokens generate yield here.
ORBs
Are tORBs the same as ORBs?
tORBs and ORBs are a bit different from each other. tORBs (testnet ORBs) are distributed for holding testnet xTokens and ORBs are distributed for holding mainnet xTokens.
How do I earn ORBs?
You can earn ORBs by buying and holding xTokens. The number of ORBs you earn changes with every season. Learn more about it on our roadmap.
How many ORBs can I earn in a month?
The amount of ORBs you can earn over time depends on how many xTokens you hold. In each season, the number of ORBs you earn per xToken varies. Learn more about it on our roadmap.
Wallet
How do I connect my wallet to Multipli?
You can connect your wallet to Multipli by:
Clicking on Connect Wallet on the Multipli app.
Select your preferred wallet and complete the required signatures.
Which wallets are currently supported by Multipli?
Currently, Multipli supports over 440 wallets, including Metamask, Braavo, Trust Wallet and WalletConnect.
How many signatures does it require to connect your wallet to Multipli?
You need to sign 3 times to connect your wallet to Multipli.
Referrals
Where can I find my referral codes?
You can access your referral codes in the Orbs tab on the Orbs page.
What are the benefits of referral codes?
By referring Multipli to users, you will earn 10% of the Orbs they generate daily.
You can access your referral codes in ORBs tab on the ORBs page.
Security
Is my personal information safe?
Data privacy is one of Multipli fi’s top priorities, and comprehensive measures are in place to protect users’ personal information.
Are my funds safe with Multipli fi?
Your assets are safe on Multipli fi because we use MirrorX technology to mirror your tokens on a custodial platform at a 1:1 ratio. So your funds remain safe on-chain while earning rewards on Multipli fi.
What is MirrorX technology and how does it work?
MirrorX allows institutions to securely and efficiently delegate their assets from one platform to another. The assets remain in the custody of the original platform while earning rewards on the delegated platform. This simplifies the yield generation process for institutions and reduces the risk associated with transferring assets between different platforms.
What happens in case of a hack or security breach?
If an exchange fails, user funds will remain safe because they are locked up on-chain. Multipli will transfer collateral to another exchange and hedge the outstanding delta.
Has Multipli been audited?
Multipli and its architecture is thoroughly audited by security firms. Multipli is subjected to rigorous audits every update to ensure no vulnerabilities go unnoticed, and the audit reports can be viewed here.
Miscellaneous
How can I contact customer support?
You can reach our customer care team at [email protected]
Does Multipli fi have a mobile app?
No, Multipli fi does not have a dedicated mobile app at the moment.
What happens to my yield if I sell my xUSDT tokens?
When you sell your tokens, the yield ownership transfers to the new owner, along with any future yield generated after the sale.
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