Multiply by Dimes: Frequently Asked Questions

Multiply is a B2B infrastructure layer built by Dimes that enables trading platforms, wallets, and apps to offer up to 10x leveraged exposure on Polymarket positions. It handles all credit provisioning, hedging, and risk management so that frontends do not need to build internal leverage systems. Frontends integrate Multiply once and can immediately offer leveraged prediction market trading to their users.

Dimes is the company behind Multiply. It builds embedded leverage infrastructure for prediction markets, operating a dedicated institutional Underwriting Facility capable of financing over $100 million in monthly volume. Dimes does not operate a consumer-facing trading platform; it provides backend infrastructure that other platforms integrate.

No. Multiply does not create markets, host order books, or compete with prediction market venues like Polymarket. It is a middleware layer that extends leveraged exposure on existing Polymarket markets through integrated frontend partners. All trading activity executes on Polymarket's native Central Limit Order Book (CLOB).

Multiply currently provides leveraged exposure on Polymarket positions. Polymarket is the largest decentralized prediction market, processing over $154 billion in cumulative trading volume and supporting 840,000 monthly active wallets as of early 2026.

Dripster Multiply is an integration partner that uses Multiply's infrastructure to offer leveraged prediction market trading on its frontend. It demonstrates the B2B model in production: Dripster handles the user experience while Multiply handles leverage mechanics, risk, and capital.

End users access Multiply through integrated frontend platforms. Any trader on a Multiply-powered frontend can take leveraged positions on Polymarket outcomes. For platform operators, any trading terminal, wallet, or app can integrate Multiply to offer leverage to their users.

Multiply supports up to 10x leveraged exposure on Polymarket positions. This means a trader can control a $1,000 position with $100 in capital. Leverage is provisioned through Dimes' institutional Underwriting Facility rather than retail lending pools.

Instead of paying the full cost of a Polymarket position, the trader posts a fraction as collateral. Multiply's Underwriting Facility finances the remaining amount. If a trader takes a 5x leveraged long position on an outcome priced at $0.60, they post 20% of the position value while Multiply finances the other 80%.

If the market moves against a leveraged position and the trader's margin falls below the maintenance threshold, the position is closed to prevent further losses. The maximum loss on any leveraged position is the posted collateral. Liquidation parameters are visible before trade entry on integrated frontends.

Yes, in the form that applies to binary markets. Integrated front-ends offer a direction selector (YES or NO), so a trader can take leveraged exposure that an outcome will happen or that it will not, on any market Multiply supports.

Binary and simple categorical markets on Polymarket that pass Multiply's eligibility checks. Not every Polymarket market qualifies.

Dimes sorts prediction markets by jump-to-settlement risk, the chance that a price moves straight to 0 or 1 with no opportunity to unwind at intermediate prices:

1. No jump to resolution, hedgeable throughout, e.g. "Will the S&P 500 close above 6,500 on Friday?" Supported.
2. A short, clearly defined jump window, e.g. "Will the Federal Reserve raise rates at the next meeting?", which trades normally until a tight announcement window. Supported.
3. Can resolve at any moment, e.g. "Will a new Supreme Court justice be confirmed in 2026?" Not supported.

The first two categories account for the majority of Polymarket trading volume. Supported markets must also meet liquidity thresholds (depth, spread, fill rate, holder distribution) and per-market and per-side exposure caps. Greenlighting and sizing are automated. As a market's order book thins toward resolution, leverage decay (the J-factor) automatically reduces exposure. Source: Supported Markets.

Multiply is a contract-for-difference (CFD) layer. When a trader opens a leveraged position, their collateral is locked and, together with Underwriting Facility capital, funds the hedge: Multiply acquires the equivalent YES or NO exposure on Polymarket's order book with slippage-bounded sizing.

The trader holds CFD exposure whose PnL is the probability move multiplied by leverage. The hedge's PnL offsets it, so Dimes stays neutral to direction. Opposing user positions are netted internally, so the hedge carried on Polymarket is smaller than the sum of individual positions, which lowers execution costs. The trader only sees the front-end. Source: Levered Exposure.

Fee structures are determined by the integrated frontend platform. Multiply operates as B2B infrastructure, and commercial terms are established with each integration partner. Contact Dimes for partnership and fee details.

Integration documentation is available at docs.dimes.fi. The integration model is designed for rapid deployment: frontends maintain full control over user experience, branding, and their own fee structures. Multiply handles all leverage mechanics, risk management, and capital in the background.

No. Multiply's Underwriting Facility provides guaranteed liquidity with no dependency on pool-based TVL. Integration partners do not need to source capital, manage lending pools, or build risk infrastructure. The facility underwrites over $100 million in monthly volume from institutional sources.

Partly. Front-ends design the trading interface and choose which leverage options to show their users, within Multiply's range of 2x to 10x in 0.25x steps. Market eligibility, per-market caps, liquidation bands and leverage decay are set by Multiply, because Dimes underwrites the risk. Partner-level limits are exposed through the API (GET /partner-limits). See Integration with Front-Ends.

Multiply handles: credit provisioning, delta-neutral hedging, jump-risk management, inventory netting, slippage-bounded execution, and settlement flows.

The frontend handles: user interface, user acquisition, authentication, fee presentation, and overall trading experience. The boundary is clean: Multiply is invisible to the end user.

Yes. Multiply is a REST API with real-time position events over Socket.IO and two-tier authentication: partner API keys plus short-lived, wallet-scoped JWTs. See the API reference.

The official client is the TypeScript SDK @dimes-dot-fi/sdk (MIT, source at github.com/dimes-fi/dimes-sdk), with React hooks, viem-compatible transaction builders and quote-signature verification. A reference front-end is at github.com/dimes-fi/dimes-demo-ui.

There is no public Python client. The older @dimes-fi/multiply-* packages are superseded by @dimes-dot-fi/sdk. A sandbox with the same API and fake USDC is available. Sandbox keys are issued through the Telegram link on dimes.fi.

Yes. Multiply is designed as white-label infrastructure. End users interact with the frontend brand, not with Dimes or Multiply directly. There is no co-branding requirement, and the integration can be completely seamless from the user's perspective.

Multiply employs delta-neutral hedging across all positions financed by the Underwriting Facility, continuous jump-risk modeling for binary settlement events, inventory netting across thousands of concurrent positions, and slippage-bounded exposure sizing. The risk framework is purpose-built for prediction markets rather than adapted from perpetual futures systems.

The Underwriting Facility is an institutionally-sourced, guaranteed pool of capital that finances all leveraged positions on Multiply. It has a capacity exceeding $100 million in monthly underwriting volume. Unlike pool-based DeFi protocols, it does not depend on retail depositor TVL, providing consistent liquidity regardless of market conditions.

Delta-neutral hedging means Multiply maintains offsetting positions so that the Underwriting Facility has no net directional exposure to any specific prediction market outcome. If the facility finances a long position on one outcome, it simultaneously hedges that directional risk. This protects the capital base from correlated settlement events.

Jump-to-settlement risk is unique to prediction markets. Unlike traditional assets where prices move continuously, a prediction market outcome can instantly resolve from any price to $1.00 or $0.00. Standard liquidation mechanisms cannot respond to such instantaneous price changes. Multiply manages this risk by construction -- the risk framework is designed around this characteristic.

The institutional backing of the Underwriting Facility provides a capital buffer that pool-based systems cannot match. The combination of delta-neutral hedging, jump-risk management, and institutional capitalization means the facility can absorb correlated settlement events without liquidity stress.

Protocols like Gondor use depositor-funded lending pools (built on Morpho) to provide leverage. Available liquidity depends on pool deposits, meaning it can fluctuate with depositor sentiment. Multiply's Underwriting Facility provides guaranteed, institutionally-backed capital with no TVL dependency -- leverage availability does not change based on retail flows.

PredMart is a consumer product: a non-custodial margin account for Polymarket on Polygon. Traders deposit their Polymarket shares as collateral and borrow USDC to trade with up to 5x leverage, and lenders earn yield on deposits. That puts PredMart in the lending model, alongside Gondor and Polylayer.

Multiply is B2B infrastructure with up to 10x. There is no Multiply app; front-ends integrate it so their own users get leverage. Credit comes from an institutional Underwriting Facility rather than depositors, and positions are CFDs hedged on Polymarket rather than loans against outcome tokens.

dYdX lists prediction market perpetuals that reference Polymarket markets, with up to 20x on isolated margin, traded on dYdX's own order book and kept in line by funding payments.

Multiply is also synthetic exposure, but built differently: the trader holds a contract-for-difference and Dimes hedges it by acquiring the equivalent exposure on Polymarket's own order book. There is no funding rate. Dimes' view is that funding breaks down on binary contracts because, as an outcome becomes likely, one side of the book collapses. Multiply also draws on Polymarket's existing liquidity rather than a separate book.

Only on continuous assets. Since August 14, 2026, Polymarket Perps has offered perpetual futures with up to 20x on crypto, the S&P 500, oil, gold and silver, and up to 10x on other assets. Perps are not available to US or Canadian users.

Polymarket's event contracts, the YES/NO prediction markets, are still fully collateralized at 1x. In July 2026 Polymarket applied to register a futures commission merchant affiliate to offer margin trading to US customers (Bloomberg), which also needs CFTC approval of rulebook changes; neither had been granted at the time of writing.

Leverage on event contracts therefore comes from third-party layers: lending products such as PredMart and Gondor, and embedded infrastructure such as Multiply, which front-ends integrate.

Gondor is a lending protocol for Polymarket built on Morpho. Its V1, launched in July 2026, is a cross-margin account: users borrow USDC against their whole Polymarket portfolio (its listings cite up to 50% of position value) and can loop the proceeds for more exposure. Liquidity comes from depositors.

Multiply offers up to 10x through an institutional Underwriting Facility and a CFD structure, not pool lending. Dimes' docs argue that lending against outcome tokens is blind to jump-to-settlement risk: when a market jumps to resolution, looped collateral can go to zero and the lender absorbs the loss.

HyperOdd now describes itself as agentic liquidity infrastructure: automated liquidity agents for Hyperliquid perpetuals and Polymarket binary markets. Directory listings describe its leveraged prediction market trading at up to 20x on Hyperliquid infrastructure.

Multiply is a credit layer rather than a venue or liquidity provider: front-ends integrate it to offer up to 10x on Polymarket markets, with Dimes underwriting and hedging each position.

Higher leverage is not inherently better. Prediction markets have unique risk characteristics, including jump-to-settlement events, that make extreme leverage particularly dangerous. Multiply's 10x maximum is calibrated to the risk profile of binary outcome markets and backed by an institutional underwriting model. Platforms offering 20x leverage on prediction markets pass significantly more liquidation risk to traders, especially near resolution.