Multiple Protocol Weekly Report
This issue covers the week of Jan 3 to Jan 7
Dear Multiple Users,
We are thrilled to present this weekly report that includes various remarkable and excellent achievements that Multiple Protocol achieved this week. From social media to tech updates, we’ve added every new development to this report to keep our community well-informed about everything that’s happening at Multiple. We are moving closer to major updates, on which we will be able to get community onboard and get acquainted with the Product. You can still use Playground Testnet to try out AMM on Uniswap V3 for Free.
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!
So, without further ado, let’s delve deep into this weekly report.
- We did our recent highlight on educating the community about our signature consensus — POP or Proof of Profitability.
👩🏫 Proof of Profitability refers to a consensus model & approach to prove an ecosystem’s profit through decentralization of the smart contract.
POP formula: POP = Annual% *(MP)(now — actionEndTime)
🔹90% funds will be at the disposal of the most profitable 10%
🔹Higher profitability, more funds allocated
🔹Profits to be utilized to subsidize impermanent loss as a priority 🔹Dynamically adjusted stop-profit & stop-loss rules
✈️Multiple~The Next Generation DeFi Protocol
- Multiple Protocol has generated more than $344k in earnings with Expert Market Makers (GPs) managing an overall liquidity of $4.15m in TVL with Active Liquidity Management Strategies for our Liquidity Providers.
- Multiple Protocol Beta Mainnet is going live soon.
- We are excited to share that Polygon chain previously Matic, will now be supported for Active Liquidity Management on Uniswap V3.
- The APY’s / passive earnings from Liquidity Management on Uniswap V3 is massive on Multiple Protocol with up to 71.71% APY.
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
Join Multiple Mainnet -https://app.multiple.fi/
- 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
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.
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