OptyFi

Yield Aggregator

OptyFi is a decentralized yield optimizer that automates strategies to maximize yield for users based on their individual risk preferences.

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is OptyFi?
What we like
OptyFi uses machine learning to optimize DeFi yields as well as segment user profiles by risk level.
What we like less
The protocol is not audited and core contracts are controlled by the team (OPTY governance token not yet released).
What it means for you
OptyFi provides a simple-to-use platform that helps users access the best DeFi yields by rebalancing across hundreds of liquidity pools.

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Information
Exploit/Hacks
None
Info
  • Website
  • Token: OPTY
  • Tags: Yield Aggregator
Key Metrics
  • TVL: $0 (Rank #265)
  • TVL Ranking by Yield Aggregator: #16
  • Blockchain: Polygon, Ethereum
  • Chain TVL
    • Polygon: $0
    • Ethereum: $0
Risk Assessment
Watch Out
Protocol Code Quality
  • Code not reviewed by any experienced auditors
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2021; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Bottom 80% by total value locked increases risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • No governance token and/or contracts are fully immutable
Protocol Design
  • No death spiral concerns
  • This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
Things to know about OptyFi

How OptyFi works

OptyFi continuously monitors DeFi yields across hundreds of strategies to predict the most optimal investment for users. The yield optimization model dynamically constructs strategies based on the integrated protocols and blockchains. The optimization engine constantly monitors changing conditions across DeFi pools and scores the universe of possible strategies. The strategy execution engine consists of smart contracts that can execute any valid yield strategy while enforcing risk constraints. OptyFi's automated vaults automatically and continuously rout assets to the most optimal strategy. Lastly, the protocol employs a modular design, where specialist vaults optimize a single type of asset providing optimal yield for a specific risk level and portfolio vaults allocate assets across specialist vaults, diversifying risks and providing optimal asset allocation.

How OptyFi makes money

OptyFi makes money primarily from fees charged on its vault strategies. These fees are still to be determined. OptyFi enables the specialization of various roles within its ecosystem. Integrators expand the reach of the protocol by adding integrations (DeFi Adapters) with other protocols. Each time a strategy is executed using a specific adapter, the integrator who developed the adapter can receive a portion of the protocol fees generated from that strategy. Strategists focus on strategy optimization over code development. OptyFi vaults are able to subscribe to one or more strategists who continuously recommend optimal strategies based on vault-defined criteria. Strategists, in return, are paid a portion of the vault-generated fees. Risk analysts develop risk assessment systems to assign pool ratings to liquidity pools or directly assign risk profiles to any given strategy. Vaults may also choose to subscribe to risk ratings from a specific risk analyst to filter the strategies that a vault may execute. Risk analysts are also paid a portion of vault fees in exchange.

How you make money on OptyFi

Users seeking to optimize their yield can come to OptyFi for their passive, automated yield vaults. OptyFi abstracts away the challenges of learning about hundreds of different protocols and constant monitoring of liquidity pools. OptyFi can also provide vaults-as-a-service to project teams, DAOs, and on-chain asset managers. These users can configure and deploy vaults with customized strategies to suit their specific needs (without the need for custom code development).

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