Ethena Multiply Vault

Ethena Multiply Vault is a tokenized yield product managed by SingularV built on Affluent. This Strategy Vault combines institutional-grade risk management with complete DeFi composability, allowing investors to accumulate USDT‑denominated yields while remaining deeply integrated with the broader on‑chain ecosystem.

The vault employs a looping strategy that continually compounds rewards and can scale leverage up to 400 %. Leverage is dynamically calibrated by the manager to reflect market conditions and risk considerations. All positions are kept delta‑neutral, allowing the vault to chase yield, not market direction.