# What is Multiply

<figure><img src="/files/DLZeDIFxXk6bmkgDkmn2" alt=""><figcaption></figcaption></figure>

**Dimes Multiply** <mark style="color:$info;">is a middle-layer protocol that</mark> **gives trading terminals, wallets, and apps,** <mark style="color:$info;">the ability to</mark> **natively offer users leveraged exposure on external prediction markets**, <mark style="color:$info;">specifically Polymarket, without building internal leverage infrastructure.</mark>

<mark style="color:$info;">Multiply does one thing:</mark> **extend credit on top of PM positions while managing all liquidity, hedging, and risk.**

<mark style="color:$info;">More specifically,</mark> **Dimes handles:**

* <mark style="color:$info;">liquidity and exposure-aware hedging on Polymarket</mark>
* <mark style="color:$info;">inventory netting across thousands of dynamic user positions</mark>
* <mark style="color:$info;">slippage-bounded exposure sizing</mark>
* <mark style="color:$info;">jump-risk modelling</mark>
* <mark style="color:$info;">operational management of settlement flows</mark>
* <mark style="color:$info;">credit provisioning across thousands of concurrent positions</mark>

**This allows front-ends to focus on what they do best**<mark style="color:$info;">: create fast, intuitive, and complete high-retention trading experiences.</mark>

<mark style="color:$info;">The Multiply architecture is intentionally</mark> **narrow and specialized**<mark style="color:$info;">:</mark>

* <mark style="color:$info;">We do not create our own markets</mark>
* <mark style="color:$info;">We do not host an orderbook</mark>
* <mark style="color:$info;">We do not compete with PM venues and front-ends</mark>
* <mark style="color:$info;">We do not attempt to own user acquisition</mark>

<mark style="color:$info;">We sit in the middle: front-ends on one side, PM venues on the other, and supply the</mark> **liquidity** **+ risk engine that makes safely offering leveraged PM exposure accessible to onchain trading apps.**

<mark style="color:$info;">From a margining standpoint, Multiply uses a dedicated</mark> **Underwriting Facility, an institutionally-sourced guaranteed pool of capital capable of underwriting $50m+ in monthly volume,** <mark style="color:$info;">to finance delta-neutral hedges while handling jump-to-settlement risk by construction.</mark> <mark style="color:$info;">For front-ends, this means guaranteed liquidity with no dependency on pool-based TVL and the availability uncertainty that comes with it.</mark>

<figure><img src="/files/Ak3K4UGenczWz4LV5AtO" alt=""><figcaption></figcaption></figure>


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