Ethena Multiply Vault

Ethena Multiply Vault is a tokenized yield product built on Affluent, designed to bridge sophisticated risk management with full DeFi composability. The vault’s primary objective is to maximize USDT-denominated returns while maintaining seamless integration with the broader on-chain ecosystem.

The core strategy utilizes a looping mechanism to achieve continuous compounding, with the ability to scale leverage up to 400%. This leverage is dynamically adjusted based on prevailing market conditions and rigorous risk assessments. By maintaining a strictly delta-neutral posture, the vault eliminates exposure to market direction, focusing exclusively on capturing high-efficiency yield.