Multiple Protocol Monthly Update — September 2021
Winter is Coming! This phrase doesn’t lose its essence. But for us, it’s Crypto Winter!
Multiple Protocol is all decked up to bring lots of action in the coming months and we hope our community best believes that the Next Generation DeFi Protocol is truly in the making!
That being said, last month was all about progress for Multiple, and it’s an immense pleasure to share our success with our community and supporters.
Therefore, we are here to provide a brief glimpse of how the weeks unfolded for Multiple in case you missed anything!
September Week 1
The launch of our Private Mainnet marked the beginning of an incredible September month for Multiple.
Find all about the much-awaited “Private Mainnet” going LIVE here.
We also prepared a comprehensive Multiple Mainnet Launch Day Report — (TVL, APY, and Pools live) for our community. Find it here.
What’s more? Each week, the Multiple Finance team made sure to release a brief yet detailed report to update our community on all developments from tech — bug fixes, optimized user experience, optimized network performance, reduced access time, to social and community-related information.
September Week 2
The second week of September saw our Mainnet crossing $3.8 million in TVL with over $100k in revenue. We are extremely grateful for such a massive accomplishment, all thanks to our community!
Find the full report here.
September Week 3
Our community support was still going strong with our Mainnet crossing a whopping $5.4 million in TVL!
Get the full report here.
Food for Thought: Multiple’s insightful article on How to reduce the risk of capital efficiency improvement? Read it here.
September Week 4
With incredible responses received since the beginning of the private mainnet launch, we created a full report on all that’s transpiring from the Multiple’s front here.
Food for Thought: Multiple’s article on Understanding Functionalities of Uniswap V3 from the Perspective of Liquidity Providers. Read it here.
September Week 5 -
Multiple’s Meme competition has recently ended with more than 100 exciting and creative entries from our community!
We were thrilled to receive such an amazing response from our supporters. You can surely look forward to more such fun events in the near future!
We are not done yet!
Multiple’s LP & GP Application is still in progress: Find it here.
Based on the user feedback collected from the online usage of the Alpha version, our product, technology, and interaction design teams are unanimously committed to upgrading the new version.
This version will upgrade the user experience and some functional improvements such as:
1. Added Pro version operation interface, Pro version, and Lite version for users to switch freely.
The Pro version will provide K-line, liquidity data, and more data and indicator support for professional GPs.
2. The display structure of position opening data is optimized, and the estimated fees income of position opening has been added for reference.
3. Added new risk warning for opening positions
The price range of opening positions and the estimation of common losses, and friendly reminders of risky positions.
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.
What is 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.
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