Entity Structure
Multyr contracts are deployed on Arbitrum One. The system is currently in validation phase. Deposits are not open to the public. Behavior described on this page reflects the protocol's designed behavior; some mechanisms are active in shadow testing, others become active at public launch. See the Status page for details.
The Multyr ecosystem is supported by a set of legally distinct entities, each with a clearly defined role. No single entity has discretionary authority over user capital.
Protocol-level control is exercised exclusively through on-chain multisig governance (SAFE_GOV 3-of-5 with SAFE_VETO 1-of-1 and SAFE_GUARDIAN 1-of-1, all subject to ROOT_TIMELOCK 48h delay). See Governance Addresses for full architecture. The Multyr Foundation holds this governance authority; Multyr Labs SA does not have unilateral authority over Protocol behavior, user funds, or Treasury disbursements.
Multyr Foundation — Panama
The Multyr Foundation is a non-profit foundation established in Panama with the purpose of supporting the development, sustainability, and coordination of the Multyr ecosystem.
The Foundation acts as a coordination and stewardship layer for certain off-chain and ecosystem-level functions, including:
- Supporting the evolution of governance frameworks as the system decentralizes over time
- Overseeing treasury-related coordination and ecosystem funding initiatives
- Coordinating the allocation of protocol-related revenues, which are received on-chain by the Treasury Safe (see Governance Addresses) and disbursed through governance proposals subject to the 48-hour timelock
- Maintaining ownership of the Multyr name, marks and domain names, of the MTRY token contracts, and of ecosystem infrastructure
- Holds a licence to run, modify, distribute and fork the Protocol source code
- The licence is worldwide, permanent, free of charge, and cannot be revoked or terminated
- It is exclusive for operating the Protocol, and the Foundation can pass it on to others
- It survives if the agreement with Labs ends, if Labs becomes insolvent, or if Labs changes owner
- Supporting the future issuance and lifecycle coordination of the Multyr governance token (MTRY — not yet deployed; scheduled for Token Generation Event, see Token Status)
- Administering grant programs for ecosystem development
- Holds the protocol keys: deployer, admin, guardian and upgrade
- Holds the domains, the DNS records and the treasury
- Runs governance through the multisig setup described below
The Foundation does not:
- Change, block or reverse a user's transaction
- Manage user funds
- Provide financial or investment services
- Own the Protocol source code. Multyr Labs SA owns it and licenses it to the Foundation on the terms above
The Foundation operates as a non-profit entity and does not engage in commercial activities directed toward users.
Multyr Labs SA — Switzerland
Multyr Labs SA is a Swiss-based company operating as an independent technology provider contributing to the Multyr ecosystem. Labs is the named Licensor under the Business Source License applied to the public repositories.
Labs is responsible for:
- Research and development of smart contract systems
- Testing, auditing coordination, and technical validation
- Frontend and interface development
- Infrastructure maintenance and DevOps support
- Development and delivery of smart contract components (including token contracts)
- Research and design of new DeFi strategies
Multyr Labs SA:
- Owns the code it writes for the Protocol, including copyright, inventions, trade secrets and any work derived from it
- Owns the tools and libraries it brings from its own earlier work, and licenses them to the Foundation for use with the Protocol
- Does not own the MTRY token contracts. Those are assigned to the Foundation
- Is paid a fixed monthly fee for its work. The fee does not move with protocol revenue.
- The fee is capped each year. The cap is the higher of USD 840,000 and 70% of the protocol fees collected over the previous twelve months.
- The cap is a spending limit for the Foundation. It does not give Labs a claim on protocol revenue.
- Does not control or access the treasury
- Does not custody or manage user funds
Labs operates under a single Master Service Agreement with the Foundation and provides technical services on a contractual basis, without acting as an operator of the Protocol. The licence it grants the Foundation over the source code is exclusive, sublicensable and non-terminable: it survives termination of that agreement for any cause, survives Labs' insolvency, survives any change of control of Labs, and binds every successor in title. No act of Labs, and no change in its ownership, can stop the Protocol from running.
Governance Multisig Composition
On-chain governance operates through four independent multisigs with separation of powers (see Governance Addresses for addresses and thresholds). Signers are appointed through Foundation and Labs governance processes. Signer identities remain undisclosed during the shadow testing phase.
All multisig configurations (threshold, signer addresses, owners) are independently verifiable on-chain via the Safe UI or Arbiscan. Changes to multisig composition are themselves subject to the 48-hour timelock.
Signer selection is designed to evolve as the system decentralizes through subsequent phases. No representation is made that current composition will remain unchanged.
Separation of Roles
The Multyr ecosystem is structured to ensure clear separation between:
| Layer | Entity | Function | Owns |
|---|---|---|---|
| Protocol execution | On-chain smart contracts | Autonomous, rule-based execution | — |
| Ecosystem coordination | Multyr Foundation | Stewardship, governance, treasury coordination, grants | Marks, domains, MTRY contracts, treasury, protocol keys; exclusive, sublicensable licence to the Protocol |
| Technology development | Multyr Labs SA | R&D, engineering, infrastructure | Code it writes for the Protocol, including copyright, inventions and trade secrets |
No single entity:
- Has discretionary authority over user capital
- Acts as an investment manager or financial intermediary
No Advisory Relationship
Nothing on this page or elsewhere in Multyr documentation creates an advisory, fiduciary, employment, investment management, brokerage, or agency relationship between the user and any Multyr entity (Foundation, Labs, or otherwise).
Users are not clients of the Multyr Foundation, Multyr Labs SA, or any other Multyr entity by virtue of interacting with the Protocol. No Multyr entity owes any duty of care, loyalty, suitability, or best execution to Protocol users.
Governing Law and Disputes
- The Multyr Foundation is organized under the laws of the Republic of Panama.
- Multyr Labs SA is organized under the laws of Switzerland.
- Disputes involving the Foundation are subject to Panamanian law and exclusive jurisdiction of Panamanian courts.
- Disputes involving Labs are subject to Swiss law and exclusive jurisdiction of Swiss courts.
- The Protocol itself is decentralized and non-custodial; disputes about Protocol behavior are a matter between users and the on-chain system.
Contact
For legal inquiries related to the entities: info@multyr.fi
For commercial licensing of the Protocol source code under the Business Source License: legal@multyr.fi
Users interact directly with the Protocol through smart contracts and remain fully responsible for their actions.