What is Multyr
Multyr is a non-custodial, multi-strategy capital allocation system designed to optimize how capital is deployed across DeFi yield opportunities.
Instead of requiring users to manually select and manage positions, Multyr provides structured vaults that enable both direct strategy exposure and automated allocation across multiple strategies.
System Overview
Multyr is composed of two main layers:
1. Strategy Vaults
Single-strategy vaults designed to provide exposure to specific opportunities, such as:
- Lending optimization
- Leveraged lending ("multiply")
- Delta-neutral strategies
- Structured yield strategies
These vaults are intended for users who want targeted exposure and control.
2. Allocation Vault (Multi-Strategy)
A higher-level vault that allocates capital across multiple strategies.
This layer:
- Routes capital between strategy vaults
- Adjusts exposure based on yield, liquidity, and risk conditions
- Rebalances positions over time under defined constraints
It is designed for users who want automated capital allocation rather than manual management.
The Problem Multyr Addresses
DeFi yield is fragmented and constantly changing:
- Opportunities shift over time
- Strategies degrade as conditions evolve
- Liquidity constraints limit scalability
- Manual allocation does not scale effectively
As a result:
- Capital is often misallocated
- Returns decay over time
- Risk exposure is not consistently managed
How Multyr Approaches the Problem
Multyr combines modular strategies with a structured allocation layer.
The system:
- Routes capital across multiple strategies and protocols
- Evaluates opportunities using multiple factors (yield, liquidity, risk)
- Applies allocation limits based on liquidity and market conditions
- Rebalances only when economically justified
The objective is not to optimize a single position, but to optimize capital deployment across a system of opportunities.
User Modes: Control vs Automation
Multyr supports two modes of use:
| Mode | Vehicle | For users who want |
|---|---|---|
| Direct exposure | Single-strategy vaults | Full control over which strategy their capital enters |
| Automated allocation | Multi-strategy vault | Delegated allocation across multiple strategies |
This allows users to choose between full control and delegated allocation based on their preference and risk appetite.
Risk Framework
Multyr enforces risk constraints at the system level. Key principles include:
- Exposure caps per strategy and protocol
- Liquidity-aware allocation — sizing adjusted to available market depth
- Dynamic reduction of degraded positions
- Capital retrievability under normal conditions
- Governance-controlled parameter updates
Risk is managed through predefined rules and constraints, not discretionary decisions.
Important Clarification
Multyr does not generate yield directly. Yield is produced by underlying DeFi protocols. Multyr's role is to allocate, manage, and adjust capital exposure over time.
Current Status
Multyr is currently deployed on mainnet with limited functionality, undergoing controlled validation.
Where to Go Next
- Key terms — Glossary
- How the protocol works — How It Works
- Risks involved — Risk Overview
- Get started — Getting Started