Protocol docs · v2whitepaper.pdf
How the engine works.
multiply.cash launches coins whose trading fees fund a leveraged perpetual position on Lighter: BTC, stocks, even pre-IPO markets. Profits flow back on-chain and burn supply. The market is a Uniswap v4 pool built by Doppler, locked from the first block, with no owner and no admin key.
Start with the engineThe coin
- 02LaunchOne transaction builds the token, the pool, the lock and the fee hook.
- 03Fees, always in USDGChosen at launch, charged on every swap, delivered in USDG.
- 04Launch protectionAn opt-in fee that opens high and decays in seconds.
- 05Contract guaranteesWhat each contract guarantees, and why the pool cannot be pulled.
- 06Fee destinationsEvery coin has a wallet of its own, and nobody can drain it.
The perp engine
- 07Market universeAny perp Lighter lists, long or short, up to the market's cap.
- 08The keeper loopEvery 15 seconds, the same four steps for every coin.
- 09Position lifecycleFrom the first deposit to a liquidation, and what each one touches.
- 10Tranches & take-profitEvery deposit runs toward a target of its own.
- 11Profits, buybacks, burnsHow a take-profit becomes a buyback and a burn.
Bull or bear, the fees trade.
Go long the asset you believe in, or short the one you don't. Either way, a winning call buys your coin back.
Launch a coin