Well-trained large language models (LLMs) present significant risks, including potential malicious use and copyright infringement. Current studies aim to trace the distribution of LLM-generated texts by implicitly embedding watermarks. Among these, the single-bit watermarking method can only determine whether a given text was generated by an LLM. In contrast, the multi-bit watermarking method embeds richer information into the generated text, which can identify which LLM generated and distributed a given text to which user. However, existing efforts embed the multi-bit watermark directly into the generated text without accounting for its watermarking capacity. This approach can result in embedding failures when the text's watermarking capacity is insufficient. In this paper, we derive the watermark embedding distribution based on the logits of LLMs and propose a formal inequality to segment the text optimally for watermark embedding. Building on this foundation, we propose DERMARK, a dynamic, efficient, and robust multi-bit watermarking method. DERMARK divides the text into segments of varying lengths for each bit embedding, adaptively matching the text's capacity. It achieves this with negligible overhead and robust performance against text editing by minimizing watermark extraction loss. Comprehensive experiments demonstrate that, compared to the SOTA method, our method reduces the number of tokens required for embedding each bit by 20\%, reduces watermark embedding time by 50\%, and is robust to text editing and watermark erasure attacks.

We propose a method to tackle misuses of large language models beyond the identification of machine-generated text. While existing methods focus on detection, some malicious misuses demand tracing the adversary user for counteracting them. To address this, we propose Multi-bit Watermark via Position Allocation, embedding traceable multi-bit information during language model generation. Leveraging the benefits of zero-bit watermarking, our method enables robust extraction of the watermark without any model access, embedding and extraction of long messages ($\geq$ 32-bit) without finetuning, and maintaining text quality, while allowing zero-bit detection all at the same time. Moreover, our watermark is relatively robust under strong attacks like interleaving human texts and paraphrasing.