MULTI token
Overview
MULTI is the native token of the Multichain protocol (formerly Anyswap), a cross-chain bridge and interoperability platform. It was used for governance voting, staking to secure the network, and paying transaction fees. In July 2023, Multichain experienced a major security incident that resulted in the halt of operations and loss of user funds, significantly impacting the token's utility.
Within the DeFi Intel graph, MULTI connects to 3 tracked entities, most strongly to Multichain, Multichain, Lighter Unveils Multi-Asset Margin Starting With ETH.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Multichain | 95% |
supports_token | Multichain | 95% |
covers | Lighter Unveils Multi-Asset Margin Starting With ETH | 70% |
Frequently asked questions
What is MULTI?
MULTI is the native token of the Multichain protocol (formerly Anyswap), a cross-chain bridge and interoperability platform.
What was MULTI used for?
MULTI was used for governance voting, staking to secure the network, and paying transaction fees.
What happened to Multichain in July 2023?
In July 2023, Multichain experienced a major security incident that resulted in the halt of operations and loss of user funds, significantly impacting the token's utility.