Mulle Protocol

MULLE just entered Phase 3 of GIWA's GASOK (@GIWA_by_Upbit) accelerator. Open the app and here's what's already live: Uzbekistan Eurobond 2029, curated by Silk Road Credit — 7.6% fixed to Senior, 16.2% variable to Junior. Kazakhstan Sovereign 2030 next to it. Almaty real estate. A Treasury ETF. Five vaults, one waterfall. Senior gets paid first, every time. Junior takes what's left — and eats the first loss for it. That's the whole trade, no fine print. Pick a strategy. Then pick a tranche. Live on GIWA, settled in USDC. → mulle.io/

🎙️ GIWA DeFi AMA — Nov 11, 9 PM KST Join Mulle and other @GIWA_by_Upbit DeFi teams as we explore the GIWA ecosystem, share what we’re building next, and answer community questions live. Have a question? Reply to @Baro_Quest’s post with “Mulle, [your question]” 👇

5/ And Mulle isn't just one investment product. It's infrastructure for curators to create structured financial products using different yield-generating assets and strategies. Each curator can design products with their own risk management and Senior/Junior structure.

4/ Transparency is equally important. Mulle uses onchain infrastructure to manage tranche accounting, NAV, deposits, and settlements. Investors can verify recorded onchain activity instead of relying solely on traditional reporting.

3/ The yield is in local currency (Brazilian reais, for example). You hold USDC. Without a hedge, a 15% drop in the currency can erase a 15% yield. So every product is hedged before it goes live.

2/ Here's how the waterfall works: -When profits come in: Senior receives its fixed return first. Remaining profits flow to Junior. - When losses occur: Junior absorbs losses first, protecting Senior until the Junior buffer is exhausted.

1/ Mulle brings real-world yield onchain through a Senior/Junior waterfall structure. - Senior: Fixed yield, paid first, lower risk. - Junior: Flexible yield, higher potential upside, takes the first loss. One product. Two different investment opportunities.

This is Brazil 🇧🇷 🚀 MULLE is officially LIVE on Ethereum Mainnet! 🟢 Senior Tranche — 8% fixed APY 🟠 Junior Tranche — 15.2% APY Two tranches. Different risk profiles. Your choice. Join the waitlist now! 👇 mulle.io/en/products/mulle-n…

Brazil Private Credit with fixed rate is coming onchain. 🇧🇷 First of many. When? Soon. Where? Take a guess. 👀

Back from #KBW2026 🇰🇷 @kbwofficial @GIWA_by_Upbit A week of packed side events and great conversations with builders. Big theme: RWAs and chain abstraction are everywhere, but the hard part is still the plumbing: secure bridging, reliable relaying, real monitoring. Also caught the GASOK showcase, where 5 teams across 5 tracks showed what's being built on GIWA, from RWA distribution and K-short-form to ZK proofs, dev bounties, and prediction markets. Impressive range. On our side, we're building that infrastructure layer for Mulle Protocol: sovereign debt in Senior/Junior tranches, on-chain NAV, and yield in USDC. Thanks to everyone we met. More soon 👀

Great night at the GIWA Night 🔥@GIWA_by_Upbit Loved connecting with so many builders and trading ideas on what's next for the ecosystem. Walking away with new friends, fresh perspectives, and a lot of energy to keep shipping. Thanks to everyone who came out, see you at the next one!

MULLE is an RWA and structured-yield platform built on GIWA. It brings yield sources—from Central Asian sovereign bonds to stocks, ETFs, real estate and opportunities across other chains—into USDC-settled investment products. MULLE's waterfall architecture splits each strategy into Senior and Junior tranches: Senior — lower risk, fixed yield Junior — higher risk, flexible yield with greater upside Curators use MULLE's infrastructure to create products with their own asset strategies and risk parameters. Investors choose among those strategies based on the underlying assets, yield and risk profile.