Liquidity depth per major asset
Multipli's assessment for RD-F-065 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
xTokens are ERC-4626 vault shares, not traded DEX pairs — standard 2%/5% slippage depth metric is not applicable in the DEX-subgraph sense. Redemption liquidity depends on protocol's ability to unwind off-chain institutional strategies. Protocol claims 'same-day liquidity, no lockup periods' (The Block/MEXC 2025-08-28). Docs note for rwaUSD: 'redemptions can queue at the margin' and 'slow assets impose their timelines on fast ones.' No quantitative on-chain liquidity depth measurable via standard DEX subgraph method. Gray: pipeline method not applicable to vault-share redemption model.
Sources #
- URLWhat Is Multipli.fi — MEXC BlogMEXC article: 'same day liquidity model with no lockup periods'; xTokens redeemable 'at any time'retrieved 2026-05-17
- Liquidity & Redemption Risk — Multipli DocsMultipli docs — Liquidity & Redemption Risk: 'redemptions can queue at the margin'; 'slow assets impose their timelines on fast ones'retrieved 2026-05-17
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →