Our biggest misconception in the circle is thinking that "boredom" is the original sin.

In fact, those thrilling K-line charts are mostly narrative traps set up for retail investors. True whales never look at narratives; they only look at structure. Multipli @multiplifi takes a very counterintuitive approach—it even refuses to "beautify" your assets—BTC is still BTC, no need to forcibly convert into some strange wrapped token.

Why do retail investors always get caught holding the bag? Because you're betting on the direction, while institutions profit from the price spread.

Multipli uses a Delta-neutral strategy, arbitraging between spot and futures through ZK proofs. It sounds unsexy—no hundredfold expectations, no crazy pump calls. But just like Gatsby in "The Great Gatsby," we're always chasing the illusory green light across the river, forgetting that the most solid dock beneath our feet is the safest harbor for assets.

When screening for yield-generating projects in the future, I suggest using this "Three-Dimensional Disenchantment Method":

Source of income: Is it based on predicting price movements (gambling), or on market structure (arbitrage)?

Trust mechanism: Is it based on the project team's "integrity," or on ZK mathematical proofs?

Asset state: Is it forcibly locked and transformed, or maintaining its original form?

If a project can make your U and big tokens generate blood flow automatically when idle, without bearing the risk of price fluctuations, that is the true Web3 dimensionality reduction strike.

This redefines the symbol "Yield": it shouldn't be chips randomly distributed in a casino, but rather the "structural rent" that inefficient market liquidity must pay you.

Logically consistent and worth observing, but always bear the risks yourself.