Multipli v2
General
What is Multipli v2?
Multipli v2 is the latest version of our protocol, built on the innovative 4626 vault. It offers more liquid yield, giving you easier access to your assets.
What are xTokens?
xTokens are Multipli’s yield-bearing tokens. When you buy xTokens in v2, you will be able to access them in your wallet.
What is the advantage of Multipli v2 over v1?
Multipli v2 adopts the 4626 architecture. This enables you to withdraw your xTokens to your wallet and use it anywhere across crypto, like yield strategies for example.
What does 4626 architecture refer to?
ERC-4626 is an Ethereum Improvement Proposal (EIP) that provides a standard API for tokenized yield-bearing vaults. This standard simplifies the process of integrating different DeFi protocols by offering a consistent interface for managing deposits, withdrawals, and yield generation for a single underlying ERC-20 token.
Which tokens and networks does Multipli v2 currently support?
Currently, Multipli v2 supports the USDC and BTC.B token on the Avalanche network. We're actively working to add more networks soon.
Which wallets are currently supported by Multipli?
Currently, Multipli supports over 440 wallets, including Metamask, Braavo, Trust Wallet and WalletConnect.
What are Crystals?
Crystals are Multipli’s creator currency, a unique reward system for yappers that will determine a creator’s final allocation at TGE. Currently, Crystals are not live on Multipli v2. We are working to bring it live as soon as possible.
What are ORBs?
ORBs are rewards given to users for holding xTokens on Multipli. Currently, ORBs are not live on Multipli v2. We are working to bring it live as soon as possible.
Buy
How can I buy xTokens?
You can buy xTokens on Multipli in 4 simple steps:
Connect your wallet to the Multipli v2 platform.
Go to the Buy tab on the landing page.
Select the token and enter the amount you want to buy.
Confirm the transaction and wait for it to be processed.
How long does it take to buy xTokens?
The transaction may take up to 5 minutes, based on network traffic.
Which xTokens does Multipli currently support?
Currently, Multipli v2 supports xUSDC and xBTC.B on the Avalanche network.
Where can I check the status of my transactions in Multipli?
You can check your transactions 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 withdraw my tokens from Multipli?
You can sell your xTokens on Multipli to withdraw your tokens.
How do I sell xTokens on Multipli?
You can sell xTokens on Multipli in 4 simple steps:
Access the Sell tab on the Multipli v2 page.
Select the xToken you wish to sell.
Click Stop Yield & Withdraw.
Confirm the transaction and wait for it to be processed.
How long does it take for the sell transaction to complete?
It will take 7 to 14 days to sell your xTokens, depending on when you initiate the withdrawal. This is what our sell cycle looks like:
Sales initiated by Thursday 11:59 PM UTC will be processed on the Thursday of the next week.
Sales initiated after Thursday 11:59 PM UTC will be processed on the Thursday after two weeks.
Where can I sell xTokens in Multipli?
You can sell your xTokens in Multipli through:
The Sell tab on the Multipli v2 page.
Withdrawing from the Multipli Holdings tab on the Holdings page.
How can I cancel Stop Yield & Withdraw?
Unfortunately, you cannot cancel a transaction initiated due to the decentralised nature of our application.
Is there any fee for sell or withdrawing my funds?
You are charged a transaction fee based on the estimated gas fee required to withdraw your funds.
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 v2 supports xUSDC and xBTC.B on the Avalanche network.
Can I use Multipli’s xTokens outside of Multipli?
Yes, when you buy xTokens in v2, they can be used anywhere across crypto.
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.
Yield
How do I claim my yield?
You can claim your yield with selling your xTokens in Multipli.
Access the Sell tab on the Multipli v2 page.
Select the xToken you wish to sell.
Click Stop Yield & Withdraw.
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 will I earn yield on my xTokens?
When you buy and hold xTokens, it will accrue yield over time, increasing its value. While the number of xTokens you hold won’t increase (like it does in Multipli v1), the value of each xToken you hold will. That’s how you will earn yield.
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?
Your yield will be processed when you sell your xTokens. Depending on when you initiate transaction, it will take 7 to 14 days to be processed.
This is what our sell cycle looks like:
Sales initiated by Thursday 11:59 PM UTC will be processed on the Thursday of the next week.
Sales initiated after Thursday 11:59 PM UTC will be processed on the Thursday after two weeks.
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