Multiple Protocol Weekly Report #Moonvember is here
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This issue covers the week of Nov 15 to Nov 19
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.
Social Updates
- Get your best strategy in place, while Multiple brings the most exciting experience for GP & LP on Uniswap V3.
Apply to become a General Partner: https://forms.gle/bpqvim9wB8MssQEt5
2. Multiple Protocol Mainnet will be undergoing a major Update with launch of our Beta Phase soon with exciting features for the community.
Share it with your friends on Twitter!
3. GPs and LPs on Uniswap 3 AMM Partner, Multiple Protocol will be able to get more capital efficiency out of Concentrated Liquidity.
4. Multiple Protocol TVL crossed ATH of $6.3 Million with 4000x capital efficiency for our LP & GPs:
5. Multiple took initiative on Uniswap for solving 1 BIP Fee Tier Case.
6. Multiple Protocol has been live for more than a month, and hundreds of GP’s have been helping with the best #AMM strategies for Highest #APY in:
🎯 #UNI pool
🎯 #Ethereum pool
🎯 #DAI pool
🎯 #USDC pool
7. Become an LP on Multiple Protocol, Apply here (LP Applications): https://forms.gle/xkjraaQBE7ADvWpcA
Join Multiple Mainnet -https://app.multiple.fi/
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
