Stratus has two modes:
Master Mode
In this mode, the Multiknob is used as a master output volume control and Looper switch. While looping, turning the Multiknob will adjust the volume level of your loop rather than the output volume.
Instructions for Looper can be found here.
Live Mode
In this mode, the Multiknob is used as an effect selector. Clicking the Multiknob will select the next effect to the right of the currently selected effect in your chain, and turning the Multiknob allows for more precise effect selection.
More Multiknob functions will be added/improved as we develop them. Access to those features can be gained via software updates once those are released.