Proof of Profitability: quick explanation
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What do we mean by PoP?
This consensus means that all participants can be certain of making profits by using the platform. Investments are risky, no doubt. Even if you are buying the shares of a famous company, it doesn’t insulate you from the possibility of being broke. However, with Multiple, we have managed to develop a concept that minimizes risk like never before.
Why is it lucrative for all the participants, including LPs, GPs, and Multiple?
LPs (Liquidity providers) increase their income by simply investing their assets into Multiple. It is similar to a Bank Account, but instead of keeping. The invested funds in a real or digital vault like banks do, Multiple use these assets to generate even more assets. Multiple uses the knowledge and skills of GPs (Investment Managers) for this purpose. These experts, who all have a valid work permit, use these invested funds to generate new ones. This ensures that, LP get their interests and earn some extra money for themselves. The Multiple Platform also earns funds for itself to keep the platform functioning.
About Multiple
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.
