Multiple Protocol January Monthly Update
This issue covers the month of Jan 2022
Dear Multiple Community,
Year 2021 marked new beginnings for Multiple Protocol & Uniswap V3 and we are excited to move into 2022, a year full of progress, new product feature launches and community activities and giveaways to become the Next Generation DeFi Protocol for Active Liquidity Management on UniswapV3. While the Holiday’s are coming to an end, we are already excited to share our success so far in the month of January with all things remarkable that Multiple Protocol achieved this month.
Social media updates, tech updates, and more, our team ensures every new development is mentioned in the monthly report to keep our community up-to-date about major happenings at Multiple in the entire month.
As we continue marching towards major updates to help our community get on board and get acquainted with the Product, you can use Playground Testnet to try out AMM on Uniswap V3 for Free!
A lot of action awaits in the coming months! We hope our community looks forward to them as we continue to storm towards our ultimate goal — to become the Next Generation DeFi Protocol!
Now let’s take a quick look at the January Monthly report.
Social Updates:
Multiple Protocol is currently in Alpha Mainnet stage with both GPs & LPs participating with a whitelisting as shared below to apply for the same:
- Our General Partner Application Form is Open!
Join our existing GP’s in providing AMM Liquidity Mining Strategies and get a GP NFT work permit to earn handsome APY commissions on UniswapV3!
Join here: https://forms.gle/bpqvim9wB8MssQEt5
- Multiple Protocol Alpha Mainnet has crossed $370k in earnings for the customers’ wiz GP & LPs on https://app.multiple.fi
- Multiple Protocol is defining evolution of DeFi 1.0 to DeFi 2.0 with a more connected community of investors and market makers in a secure and rewarding environment.
💪 DeFi 2.0 + Uniswap V3 Active Liquidity Management = Multiple Protocol
🔥Multiple Mainnet Beta🔥
Web3.0 to witness the beginning of DeFi 2.0 with Multiple Protocol Beta Launch.
A simple yet robust dashboard for Active Liquidity Management & Market Making strategies on Uniswap awaits you!
✅ Join as GP https://forms.gle/bpqvim9wB8MssQEt5
Customer earnings (LP & GP) earned $346k with TVL $4.19 Million in Multiple DeFi Protocol on Uniswap V3 in ETH, DAI, USDC and UNI pool.
The active liquidity pools on Multiple Protocol to facilitate concentrated liquidity to date are Ethereum (ETH) | USDC | DAI | UNI.
With launch of our upcoming Mainnet Beta Launch soon we will be add and provide market making strategies for newly launched projects on Uniswap V3.
- Become an LP on Multiple Protocol, Apply here (LP Applications): https://forms.gle/xkjraaQBE7ADvWpcA
Tech Updates:
New trade settings, created to support user switching options, and to remember the user’s last option after switching:
- Move into the position corresponding to the description icon to display the functional description.
- New positions provide Lite and Pro versions for users to choose from, the Pro professional version is selected by default.
- Lite Version provides an interface for adding liquidity parameter settings is available.
New Pair price information, data source: Uniswap (all data refreshed in real-time, refresh once in every 15s)
- Liquidity chart
TVL(UniswapV3): Total Token Locked(UniswapV3):Total Token Locked(UniswapV3)
Total Token Locked(Uniswap V3): the amount of Token A and ‘Token B’ locked in the UniswapV3 pool
24h Fees: the total number of Fees earned in the corresponding pool in 24 hours
The chart highlighted here is according to the price range currently selected by the user.
24h Fees Estimate：
(L = liquidity)
(L_you / L_others) * (24h_swap_volume * pool_fee_rate)
Adding liquidity confirmation information
Second pop-up window to confirm adding liquidity information
Price Range: The price range
Ticks Number: Number of ticks covered by the price range
Deposit Amount: the number of TokenA+TokenB deposited
Total Investment: the current total deposit value
24h Fees Estimate: 24 hours estimated income fee
Calculation formula.
(L = liquidity)
(L_you / L_others) * (24h_swap_volume * pool_fee_rate)
No work permit status
No work permit is necessary for providing community link guidance, allowing users to enter the new position page to view.
We have recently updated our Terms & Conditions on our Website which will be signed on wallet connection to the Multiple Protocol:
Our products are not offered to persons or entities who reside in, are citizens of, are located in, are incorporated in, or have a registered office in the United States of America (collectively, “us persons”). Moreover, none of our other services is offered to persons or entities who reside in, are citizens of, are located in, are incorporated in, or have a registered office in any restricted territory, as defined below (any such person or entity from a restricted territory, a “restricted person”). We do not make exceptions; therefore, if you are us person, then do not attempt to use our product and if you are a restricted person, then do not attempt to use any of the services, as defined below. Use of a virtual private network (“VPN”) to circumvent the restrictions set forth herein is prohibited.
Smart Contract
We have done some gas optimization, refactoring, reducing complexity, and increasing test coverage of smart contracts. While the current version continues to test internally, we are planning to iterate related product documentation for smart contracts.
⭐️ Also, do not forget to check out Multiple’s Monthly Report for September here.
About Multiple Protocol
Multiple Protocol is a Decentralized Finance (DeFi) protocol based on Ethereum that allows expert traders (GP) to provide professional AMM liquidity strategies, which in turn ensures users (LP) securely benefit from the best yielding products.
Find us on Social Media:
Discord：https://discord.gg/4fQXr35NKS
Twitter: https://twitter.com/FinanceMul
Medium: https://mulfinanceinfo.medium.com/
Telegram: https://t.me/multiple_official
