In the DeFi narrative, "Real Yield + Reliable Asset Waiver" is becoming a new high ground. @multiplifi recently completed a new round of funding, totaling $21.5 million and surpassing $95 million in TVL. The company plans to introduce non-traditional yield assets such as BTC, XRP, and tokenized gold/silver in addition to stablecoins. 📌 Highlights: 🔹Real yield (delta-neutral strategy, partnerships with institutional hedge funds), avoiding simple "coin issuance subsidies." 🔹Financial backers include Pantera and Sequoia, and institutional endorsements enhance credibility. 🔹The roadmap has entered Season 3, designing long-term user engagement logic around TGE & ORB incentives. 🔹Launching the creator currency Crystal, attempting to connect the community with the creator ecosystem. My thoughts: Multipli is solving a long-standing pain point: how to generate stable returns from "silent assets" like Bitcoin and gold. This has brought new capital inflows to DeFi and built a bridge between institutional and retail investors. However, rapid expansion also presents key challenges for compliance, transparency, and risk control. The design of the TGE, the cadence of token releases, and the management of community expectations will determine whether Multipli is a true real yield pioneer or a fleeting FOMO fad. 👉 This may be one of the most noteworthy experiments in the DeFi space in 2025.