RWA × Stablecoin Yield
Open now
Not announced
$22M
Pantera Capital
Sequoia Capital
Coinbase Ventures
The Spartan Group2026-08-03
Potential is AirdropAgent's editorial assessment and does not confirm an official distribution.
Tasks
Participation programme live- Go to app.multipli.fi and connect your wallet (free).
- Deposit a supported asset (stablecoins, bitcoin, tokenized gold, etc.) to start earning yield.
- Enter a referral code if you have one to join the referral program.
Funding & investors
Overview
Multipli is a multichain RWA protocol that lets users borrow against and earn yield on tokenized assets such as gold, stocks, and bitcoin. It has raised $21.5M in total from Pantera Capital, Sequoia, Spartan Group, and Coinbase Ventures. The app is live with over 90,000 users, but no native token or airdrop has been announced.
Analysis
Multipli is backed by several well-known VCs and runs live products, including a bitcoin yield offering (advertised up to 8%) and collateral tokens called rwaUSD/rwaUSDi. No token or airdrop has been announced yet, so participants currently only earn actual yield and referral rewards. The site claims it is 'audited every quarter,' but no named audit firm, date, or report can be verified. TVL on DefiLlama sits around $37.1M, which is still modest relative to the $21.5M raised. Note that a separate protocol called 'Multiplier' also appears on DefiLlama — the two should not be confused.
Related guides & analysis
Token & distribution status
- Token
- Not announced
- Ticker
- Not announced
- TGE
- Not announced
- Allocation
- Not announced
AirdropAgent view
This is our analysis of public information, not an official programme rule.
The only live programs currently are depositing assets for bitcoin yield and using a referral code. Start with a small deposit to observe actual yield behavior and watch for the impact of the v1→v2 migration scheduled for July 8, 2026.
Security & risks
Verified security information
The official site claims to be 'audited every quarter by top TradFi and DeFi teams,' but no named audit firm, audit date, or verifiable report is available. No past incidents have been found.
Key risks
- No named audit firm or verifiable report exists, so the 'audited' claim cannot be independently confirmed.
- The v1→v2 migration (scheduled July 8, 2026) may require users to redeposit assets.
- No token or airdrop plan has been announced, so future dilution terms are unknown.
- RWA collateral depends on third-party custodians and issuers, carrying counterparty risk.
- DefiLlama TVL (~$37.1M) remains modest relative to the $21.5M raised, suggesting limited proven demand so far.
Recent moves on X
Multipli@multiplifi·Our CBO @nakul___gupta joined the “RWA in Practice” roundtable at The Bridge Summit in Seoul with @Mantle_Official and @IOST_Official. The takeaway: RWAs don’t win by being tokenized. They win when they’re useful, liquid, trusted, and easy to access. https://t.co/fXtZEUI4tw
Multipli@multiplifi·chef @shaaran5 spotted at the roundtable based. https://t.co/DSIn6tn8SL
Multipli@multiplifi·Swap and Bridge is now live on Multipli. Swap USDT or USDC into rwaUSD and bridge across Ink, Base, Monad, X Layer, and Robinhood Chain, all in one place. Move liquidity wherever you need it. https://t.co/6TFCmXwIg4
Task update
Only posts about joining or distribution, shown as posted. Click through for the original.
What's next
Per the official blog (dated June 29, 2026), a v1-to-v2 migration is scheduled for July 8, 2026. No concrete timeline for a token launch or airdrop has been announced.
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