How It Works
The allocator flow, without the docs overload
This page explains the user-facing flow. For deep technical detail on vault mechanics, allocation logic, and rebalancing guardrails, see the full documentation.
Full documentation ↗Overview of the flow
Deposit USDC → Receive vault shares → Protocol allocates capital → Rebalance within rules → Withdraw when you want
1. Deposit
You deposit USDC, or another token that swaps to USDC, into a Multyr vault. In return, you receive ERC-4626 shares representing your proportional claim on the vault.
- No wallet handover
- No custody transfer
- Shares are standard tokens, transferable, auditable
2. The protocol allocates
The protocol deploys your capital across eligible strategies according to encoded rules: hard caps per strategy, hard caps per underlying protocol, liquid buffers for withdrawals, and execution thresholds that gate whether a move is justified.
- No operator has discretionary override
- Allocation behavior follows code
- Strategy Vaults and Allocation Vaults remain distinct
3. Continuous rebalancing, within rules
As conditions change, the protocol rebalances positions. Rebalancing is discrete, cost-gated, and guardrail-bound.
- Cooldown since last rebalance
- Batch size within limits
- Adapters on allowlist
- Oracle freshness and deviation checks
- Post-execution NAV and loss-cap validation
4. Withdrawals
You can exit at any time. The protocol supports instant, queued, and force-withdrawal flows depending on liquidity conditions and system health.
- Instant Exit uses the liquid buffer
- Queued Withdrawal settles at epoch end
- Force Withdrawal preserves exit in degraded conditions
Fees
| Deposit | 0.25% |
| Standard Withdrawal | 0.25% |
| Instant Withdrawal | 1.25% (0.25% base + 1% penalty) |
| Force Withdrawal | Variable |
| Management | 0% |
| Performance | Starting at 6% on positive NAV growth |
Q&A
Does Multyr pick the best yield?
Not exactly. It selects among eligible strategies that satisfy caps and constraints, then prioritizes higher risk-adjusted return. It won't break exposure rules to chase yield.
What happens if a strategy I'm exposed to gets exploited?
Exposure is bounded by the per-strategy cap, not by your full deposit. The strategy can be marked degraded and unwound.
Can governance change my position?
Governance can change parameters through the 48h timelock. It cannot move your shares and cannot permanently block your withdrawal.
Is this the same as Yearn or Beefy?
No. Those systems optimize for yield within strategies. Multyr allocates across strategies under hard caps and deterministic constraints.
Does Multyr integrate with specific protocols?
The current USDC lending strategy integrates Aave, Euler, Morpho, Compound, and Venus adapters, with future integrations added via governance.