Multyr Unveils PreMTRY Presale Terms, Aims for Autonomous DeFi Allocation
Multyr, a non-custodial protocol on Arbitrum One, has announced its preMTRY presale terms for Q4 2026. The hard cap is set at 800,000 USDC, with each preMTRY priced at 0.08 USDC. Upon the token's Total Governance Event (TGE), each preMTRY will convert into four MTRY tokens. This results in an implied fully diluted valuation of 6.0 million USDC for MTRY, given its fixed 300 million token supply.
Multyr aims to replace manual DeFi allocation with on-chain rules encoded directly in a vault contract. Deposits are converted to ERC-4626 shares, which represent a claim on pooled assets rather than any single deposit. A constraint layer caps exposure per strategy and protocol, sizes moves against available liquidity, and gates every rebalance on a cost check.
Multyr does not generate yield; whatever a lending market pays comes from that market alone. Constraints reduce risk but do not eliminate it. Governance runs on the same public discipline as the system's parameter changes. A 3-of-5 governance multisig schedules these changes, which then sit in a 48-hour on-chain timelock.
The MTRY token and presale contracts were audited by HackenProof, completed August 2026, with every finding remediated and the report published in full. The protocol core has not been audited yet; that engagement is currently being scoped, with execution and remediation targeted for Q4 2026.