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FAQs

What is OptyFi?

OptyFi is a multi-chain DeFi yield optimization protocol.

How does OptyFi work?

The OptyFi Protocol evaluates thousands of yield strategies across many algorithms, hundreds of liquidity pools, dozens of protocols and multiple blockchains to obtain DeFi's best yield.

What products can I use on OptyFi?

  • Vaults: You can invest in OptyFi vaults to earn yield on your assets.
  • Staking Pools: You can stake your OPTY tokens to earn more OPTY tokens.

How does OptyFi make money?

The protocol earns revenue from fees charged on OptyFi vaults.

What fees will OptyFi charge?

To be determined at a later date. As of February 2023 there are no fees to help incentivize TVL growth.

Will OptyFi be multi-chain?

Yes!

Which chains will OptyFi be deployed on?

The OptyFi Protocol will be deployed on multiple blockchains including Ethereum, Polygon, Binance Smart Chain, etc.

Will OptyFi be cross-chain?

Yes, in addition to being deployed on multiple blockchains, the OptyFi Protocol will also eventually enable cross-chain strategies involving tokens, liquidity pools and DeFi protocols across several chains.

How can I earn OPTY?

You can earn OPTY by depositing assets into OptyFi vaults as well as by staking your OPTY.

What is OptyFi DAO?

The OptyFi DAO is a community-led decentralized autonomous organization consisting of OPTY token holders who govern the operation of the OptyFi Protocol.

How can I get involved with OptyFi?

You can get involved by joining our growing community to learn and contribute to the Protocol and DAO.

How can I contact OptyFi?

You can reach out to the OptyFi core team via our discord server.