Multiple Protocol Monthly Update — #Uptober 2021
Multiple Protocol Monthly report for October 2021
Multiple Protocol Monthly report for October 2021
We are thrilled to enter the Moonvember aka November, and march ahead with some more exciting stuff we’ve planned for the community!
Multiple Protocol is all decked up to bring lots of action in the coming months! Our community can definitely look forward to what we have in store for them as we continue to storm towards our ultimate goal — to become the Next Generation DeFi Protocol!
That being said, last month we achieved some major milestones for the Multiple mainnet, and it’s an immense pleasure to share our success with our community and supporters. We are also getting closer to our Public Ecosystem & Token Launch!
Here’s a brief glimpse of how the weeks unfolded for Multiple in case you missed anything!
October Week 1
The first week of October saw Multiple and Uniswap together approach greater milestones — Uniswap V3 hit another major milestone while approaching 3 Billion USD in TVL!
Furthermore, Multiple Protocol opened new opportunities for active liquidity mining on Uniswap V3, crossing $5.4 Million in TVL!
Find all the info here.
October Week 2
October second week saw Multiple get its Mainnet Review featured on CoinTelegraph China.
Find all the info here.
October Week 3
In the third week of October, the much-anticipated Multiple Protocol Mainnet Alpha V1.2.1 went LIVE. Check out the full updates on the announcement here.
Multiple also released an all new and insightful article for our community and supporters. To understand the crucial role of GP’s at Multiple Protocol, read this.
Find all the info here.
October Week 4
October fourth week, we saw even further developments on Multiple:
- APY on Multiple for USDC, DAI, ETH & UNI
https://twitter.com/FinanceMul/status/1453382749415362561?s=20 - Multiple Protocol Private Mainnet Alpha V1.2.1 went LIVE!
- Concentrated Liquidity on Uniswap V3 update
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
