Multitude
  • Abstract
  • Introduction - Market Inefficiencies
  • Early Attempts - The Problems
  • Multitude - Our Solution
  • PRODUCT OVERVIEW
    • Synthetic Equities
    • Tradable Assets
    • Margin Trading
      • *Margin Trading
      • Margin Requirements
      • Liquidation Mechanisms & Margin Call Notifications
      • Lending
    • Dividend Distribution & Proxy Voting
    • Derivatives
    • Community-Guided Governance
    • Tax Reporting & Auto Loss Harvesting
  • PLATFORM ROADMAP
    • Development Milestones
    • Multitude DAO Foundation
    • Community Airdrop
    • Tokenomics
  • RISK & SAFETY
    • Full KYC & AML Compliance
    • Maximising Self-Custody
    • Smart Contract Audits & Proof of Reserves
    • Price Oracle Back-Stops
  • FAQs
    • Why 'Multitude'?
    • *Playing Devil's Advocate
    • Gaining Traction
    • *Know Your Entrepreneurs
    • Say Hello
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  1. RISK & SAFETY

Maximising Self-Custody

At Multitude, we prioritize user empowerment and financial autonomy, which is why we strive to maximize self-custody for our users while providing ground-breaking new features. Although our trusted broker partner custodies the underlying assets, the synthetic tokens remain in your wallet, giving you complete control over your assets at all times.

The synthetic tokens representing your share positions are yours to transfer, trade, and sell 24/7. This approach combines the benefits of traditional brokerage services with the flexibility and freedom offered by the crypto ecosystem, enabling you to manage your assets as you see fit.

Additionally, we are working diligently to secure a partnership with a traditional brokerage platform as a cautionary measure. This collaboration will provide users with the option to transfer their holdings to the partner platform in the unlikely event of any issues with our services. By exploring these avenues, we demonstrate our commitment to maintaining the highest standards of user control and security, ensuring that your assets remain accessible and under your control at all times. 
At Multitude, we understand the importance of retaining control over your assets, which is why users never need to deposit funds onto our platform, even when placing limit orders: these are handled with permission-less smart contracts, pre-approvals, and executed on condition that required funds are still present in the user’s wallet. This approach allows you to keep your assets under your control, giving you the freedom to use them on other platforms as you see fit.

A helpful analogy might be that our Multitude operates similarly to Uniswap, allowing you to trade directly from your wallet without the need for depositing funds on the platform. This feature not only enhances the security of your assets but also simplifies the trading process, making it easy for you to manage and access your assets across multiple platforms.

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Last updated 2 years ago