Margarita

A higher yield does not automatically justify moving capital. A rebalance only makes sense if the expected improvement is large enough to justify the move itself. That means considering more than yield: • liquidity • available capacity • exposure limits • execution costs • current portfolio constraints In a rule-based allocation system, sometimes the correct action is no action. Good allocation is not about moving capital more often. It is about moving it only when the conditions justify it.

A lot of DeFi products can look similar on the surface. The important part is understanding what actually happens underneath. Multyr doesn’t custody user funds off-chain, generate the underlying yield, or rely on discretionary decisions to allocate capital. Yield comes from underlying DeFi strategies. Multyr’s role is to allocate capital across eligible strategies according to rules encoded on-chain. Not a custodian. Not a yield generator. Not a discretionary fund manager. Not a single-strategy yield product. Rule-based DeFi capital allocation, where the logic is defined before capital moves.