{"id":"multipli","title":"Multipli","content":"**Multipli** is a multi-chain yield protocol aimed at democratizing yield on [stablecoins](https://iq.wiki/wiki/stablecoin) and real-world tokenized assets ([RWA](https://iq.wiki/wiki/real-world-assets-rwas)) such as [Bitcoin](https://iq.wiki/wiki/bitcoin), gold, and stocks. Launched in 2023, and backed by notable investors including [Pantera Capital](https://iq.wiki/wiki/pantera-capital), Sequoia, and [Coinbase](https://iq.wiki/wiki/coinbase) Ventures, Multipli solves critical inefficiencies in [decentralized finance](https://iq.wiki/wiki/defi) by providing sustainable, real yield opportunities through [tokenization](https://iq.wiki/wiki/tokenization) and advanced financial strategies. [\\[1\\]](#cite-id-IsOeSneKQ7B73FMp) [\\[2\\]](#cite-id-gLVSIZrvGMBO7YL6)​\n\n## Overview\n\nMultipli is a multi-chain [decentralized finance](https://iq.wiki/wiki/defi) protocol launched in 2023 that provides yield products for [stablecoins](https://iq.wiki/wiki/stablecoin), [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), and tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas). Its yield strategies include basis arbitrage, contango trading, and structured treasury operations, with products deployed across supported [blockchain](https://iq.wiki/wiki/blockchain) networks.\n\nThe protocol's ecosystem includes rwaUSD, a credit-backed [stablecoin](https://iq.wiki/wiki/stablecoin) that uses eligible tokenized assets, including gold and treasury-backed assets, as collateral. Multipli also introduced Multipli V2, which uses the [ERC-4626](https://iq.wiki/wiki/erc-4626) token vault standard for its yield-bearing assets and supports integration with [decentralized finance](https://iq.wiki/wiki/defi) applications.\n\nMultipli has received funding from firms including [Pantera Capital](https://iq.wiki/wiki/pantera-capital), Sequoia, Elevation Capital, and [Coinbase Ventures](https://iq.wiki/wiki/coinbase-ventures). The protocol was co-founded and is led by CEO Shaaran Lakshminarayanan. Its infrastructure includes audits and a yield transparency dashboard for reporting information related to its products and strategies.  [\\[1\\]](#cite-id-IsOeSneKQ7B73FMp)  [\\[3\\]](#cite-id-LgQoxkCvnU8me74G)  [\\[5\\]](#cite-id-8gd99aFscmbMaCeA)  [\\[6\\]](#cite-id-dMr2FF69drg5IeIX)  [\\[8\\]](#cite-id-oqnbgHPD5joSP0w0)  [\\[10\\]](#cite-id-zZKUInAxQi2sBxq9) \n\n## History\n\nMultipli was conceived as a solution to the low yields typically associated with [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) and other tokenized assets in the [DeFi](https://iq.wiki/wiki/defi) space. It officially launched in late 2023 following successful rounds of investment that collectively raised $21.5 million. The funds came from prominent venture capital firms including [Pantera Capital](https://iq.wiki/wiki/pantera-capital) and Elevation Capital, and funding helps scale its institutional-grade yield products for a wide range of crypto assets. [\\[3\\]](#cite-id-LgQoxkCvnU8me74G)​\n\nThe investment from [Coinbase Ventures](https://iq.wiki/wiki/coinbase-ventures) in 2026 signified continued institutional interest in the protocol's mission to bridge traditional financial assets with [decentralized finance](https://iq.wiki/wiki/defi) infrastructure. [\\[2\\]](#cite-id-gLVSIZrvGMBO7YL6) This trajectory of strategic funding and development has positioned Multipli among the fastest-growing protocols on the [BNB chain](https://iq.wiki/wiki/binance-smart-chain), amassing a total value locked exceeding $79.5 million. [\\[4\\]](#cite-id-xKtUkviXKYW8yTmI)​\n\n## Technology & Architecture\n\nThe technological underpinning of Multipli centers around the [tokenization](https://iq.wiki/wiki/tokenization) of [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas), creating liquidity and yielding opportunities within the [decentralized finance](https://iq.wiki/wiki/defi) environment. The protocol leverages strategies such as contango trading, basis arbitrage, and structured treasury operations to generate yield. Multipli's products include the use of its own credit-backed [stablecoin](https://iq.wiki/wiki/stablecoin), rwaUSD, which is minted against eligible tokenized assets like gold and treasury-backed stablecoins, providing significant on-chain liquidity and composability in DeFi. [\\[5\\]](#cite-id-8gd99aFscmbMaCeA) [\\[6\\]](#cite-id-dMr2FF69drg5IeIX)​\n\nMultipli also made significant technological strides with the introduction of Multipli V2, enhanced by the [ERC-4626](https://iq.wiki/wiki/erc-4626) standard for yield-bearing tokens. This standard allows for increased liquidity, composability, and faster redemption processes, thereby improving user experience and expanding compatibility with other chains and [DeFi](https://iq.wiki/wiki/defi) protocols. [\\[7\\]](#cite-id-ed7ZCk3JLkd9gt6Y)​\n\n## Products & Use Cases\n\nMultipli offers a variety of yield-generating products aimed at both retail and institutional investors. Its flagship product, rwaUSD, acts as a unified collateral primitive enabling diverse tokenized assets to integrate seamlessly into [DeFi](https://iq.wiki/wiki/defi) protocols. This consolidation supports the functionality of traditionally non-yielding assets by unlocking instant DeFi access and yield generation. [\\[8\\]](#cite-id-oqnbgHPD5joSP0w0)​\n\nFurther extending its utility, Multipli announced a native ecosystem token, MULT, launched through the SONAR platform. This token aims to enhance community participation by offering economic incentives tied to platform usage and ecosystem growth. [\\[9\\]](#cite-id-TYWn8pdzQFrcDmgd)​\n\n## Team & Governance\n\nMultipli's development is driven by co-founder and CEO Shaaran Lakshminarayanan, along with a team of former executives from notable financial and technological institutions like [Coinbase](https://iq.wiki/wiki/coinbase), PayPal, and JPMorgan. [\\[3\\]](#cite-id-LgQoxkCvnU8me74G) The governance infrastructure of Multipli focuses on maintaining high transparency through regular audits and an open-source yield transparency dashboard, processes that help assure stakeholder trust and protocol integrity. [\\[10\\]](#cite-id-zZKUInAxQi2sBxq9)\n\n## Partnerships & Adoption\n\nMultipli has established strategic partnerships with high-profile asset management firms like Fasanara Capital and Spartan Group to tokenize their investment strategies for broad accessibility to yield on various crypto and tokenized assets. [\\[3\\]](#cite-id-LgQoxkCvnU8me74G) The protocol's integration with TownSquare's money market further aids in expanding the infrastructure for [RWA](https://iq.wiki/wiki/real-world-assets-rwas) yield and collateralization. [\\[6\\]](#cite-id-dMr2FF69drg5IeIX)​\n\nMultipli's integration and compatibility expansion continue to drive its adoption across multiple [blockchain](https://iq.wiki/wiki/blockchain) networks, notably supporting [USDC](https://iq.wiki/wiki/usdc) and [BTC.B](https://iq.wiki/wiki/bitcoin-avalanche-bridged-btcb) on [Avalanche](https://iq.wiki/wiki/avalanche) and [Monad](https://iq.wiki/wiki/monad) networks. [\\[11\\]](#cite-id-JLFLBo9aY5QVY8CK)​\n\n## Funding & Investors\n\nThe trajectory of Multipli's growth is supported by a robust network of investors that not only provide financial backing but also strategic alignment with technological advancements. Key investors include [Pantera Capital](https://iq.wiki/wiki/pantera-capital), Sequoia, Elevation Capital, and, most recently, [Coinbase](https://iq.wiki/wiki/coinbase) Ventures through its [Base](https://iq.wiki/wiki/base) Ecosystem Fund. [\\[2\\]](#cite-id-gLVSIZrvGMBO7YL6) [\\[4\\]](#cite-id-xKtUkviXKYW8yTmI) Multipli's funding rounds have cumulatively brought in $21.5 million, focusing on expanding the yields on non-performing assets in DeFi. [\\[3\\]](#cite-id-LgQoxkCvnU8me74G)​\n\nThrough a combination of innovative technological frameworks, strategic partnerships, and a focused governance structure, Multipli positions itself as a pivotal player in addressing crypto and [RWA](https://iq.wiki/wiki/real-world-assets-rwas) yield challenges in the [DeFi](https://iq.wiki/wiki/defi) market.","summary":"Multipli is a cutting-edge DeFi protocol offering yield generation on real-world tokenized assets like gold and stocks. Backed by Pantera Capital and Sequoia, it bridges TradFi and DeFi with innovative solutions.","images":[{"id":"QmSrsuHztpNio7dUtdm58Tf9fxeBELF874RoXCfLDKYYrp","type":"image/jpeg, image/png"}],"categories":[{"id":"projects-and-protocols","title":"projects-and-protocols"}],"tags":[{"id":"DeFi"},{"id":"Bridge"},{"id":"RWA"},{"id":"Ethereum"},{"id":"Avalanche"}],"media":[{"id":"QmewDY6G8gPdbpbXFRtbQrPRXU6vEMMFggtp7crQimm4MD","name":"Cópia de Design sem nome 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\"description\": \"Multipli Documentation\",\n    \"timestamp\": 1786413983628\n  },\n  {\n    \"id\": \"dMr2FF69drg5IeIX\",\n    \"url\": \"https://multipli.fi/blog/multipli-vs-traditional-yield-platforms/\",\n    \"description\": \"Multipli Blog Post\",\n    \"timestamp\": 1786413983628\n  },\n  {\n    \"id\": \"ed7ZCk3JLkd9gt6Y\",\n    \"url\": \"https://multipli.fi/blog/multipli-v2-explaining-erc-4626-to-a-10-year-old/\",\n    \"description\": \"Multipli Blog Update\",\n    \"timestamp\": 1786413983628\n  },\n  {\n    \"id\": \"oqnbgHPD5joSP0w0\",\n    \"url\": \"https://multipli.fi/ecosystem/\",\n    \"description\": \"Multipli Ecosystem Overview\",\n    \"timestamp\": 1786413983628\n  },\n  {\n    \"id\": \"TYWn8pdzQFrcDmgd\",\n    \"url\": \"https://x.com/multiplifi/status/2085767485995819404\",\n    \"description\": \"Multipli Token Launch Announcement\",\n    \"timestamp\": 1786413983628\n  },\n  {\n    \"id\": \"zZKUInAxQi2sBxq9\",\n    \"url\": \"https://multipli.fi/blog/do-you-trust-multipli-here-s-why-you-should/\",\n    \"description\": \"Multipli Trust Blog\",\n    \"timestamp\": 1786413983628\n  },\n  {\n    \"id\": \"JLFLBo9aY5QVY8CK\",\n    \"url\": \"https://multipli.fi/blog/why-does-multipli-have-a-v1-and-v2-explained/\",\n    \"description\": \"Multipli Blog Discussion\",\n    \"timestamp\": 1786413983628\n  }\n]"},{"id":"website","value":"https://multipli.fi/"},{"id":"twitter_profile","value":"https://x.com/multiplifi"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/multipli-fi/"},{"id":"github_profile","value":"https://github.com/multipli-fi"},{"id":"rootdata_profile","value":"https://www.rootdata.com/Projects/detail/Multipli?k=MTQ5ODE="},{"id":"commit-message","value":"\"Added new wiki Multipli\""}],"events":[{"id":"47403ca8-34f8-44b5-8556-b2d4abb23ec6","date":"2023-11-01","title":"Multipli Founded","type":"CREATED","description":"Established as a multi-chain yield protocol for real-world 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