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Swaps

Current Phase: Shadow Mainnet Testing

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.

Multyr allows you to deposit using tokens other than USDC.

Instead of requiring a manual conversion, the application can automatically swap your tokens before depositing into the vault.

How It Works​

When depositing with a non-USDC token:

  1. you select the token you want to use
  2. the application calculates the best available route
  3. your token is swapped into USDC
  4. the resulting USDC is deposited into the vault

All steps happen within a single flow.

Mental Model​

Token → Swap → USDC → Deposit → Vault → Strategies

Liquidity Routing​

Swaps are powered by Li.Fi external liquidity aggregation.

This allows:

  • access to multiple liquidity sources
  • route optimization across protocols
  • competitive execution pricing

The protocol does not rely on a single liquidity provider.

When to Use Swaps​

Swaps are useful when:

  • you hold tokens other than USDC
  • you want to enter the system in a single flow
  • you want to avoid manual conversions

Important Considerations​

Pricing and Slippage​

  • swap rates depend on market conditions
  • slippage may occur depending on token and trade size
  • final received USDC may differ from the quoted estimate

External Execution​

  • swaps are executed through external liquidity providers
  • execution depends on available on-chain liquidity
  • the protocol does not control external pricing

Fees​

  • liquidity providers may include swap fees
  • routing may involve multiple steps or protocols
  • total execution cost is reflected in the final output

Limitations​

  • some tokens may have limited liquidity
  • large swaps may experience higher slippage
  • certain routes may fail depending on market conditions

Summary​

Swaps allow you to:

→ enter Multyr using different tokens → automatically convert into USDC → deposit in a single integrated flow

This reduces friction and simplifies access to the protocol.