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Vaults

Yield Vaults

Auto-Compounded Staking

A community of like-minded investors not only gets early access to deeply-vetted, insurance-backed, and allocation-guaranteed investment deals but also earn auto-compounded $OPN staking yields without extra effort, creating an exponential passive income. Staking rewards are automatically harvested once a day back into the staking vault, creating a compounded yield. For example, the auto-compound strategy maximizes the yield via automatically transforming 100% Annual Percentage Yield (APY) into 171% APY without user input.
Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it” - Albert Einstein

Liquidity Mining

$OPN is used to incentive users to provide liquidity in markets to earn trading fees.

Bonding

OpenPad plans to maintain the sustainability of liquidity through protocol-owned liquidity models. Bonding is selling $OPN tokens at a discount to buyers which forms the treasury and then this treasury can be deployed as liquidity directly on markets. (e.g., decentralized exchanges)

Insurance Vaults

Fractional Insurance Funds (FIF)

OpenPad offers fractional insurance funds for de-risking token sales and early-stage Web3 project investments.
  • Insurance capital formation: FIF is a self-sustainable treasury reserve allocated to protect qualifying investors from extreme decentralized finance conditions up to 100% of the initial investment. FIF is formed as a portion of the treasury and a certain rate of fees.
  • Collateral-free: FIF is a no-deposit insurance model, which doesn't require investors to deposit any collateral upfront. Hence, it's 100% risk-free insurance funds to be allocated to qualified investors.
  • Scope: FIF covers only extreme conditions such as rug pulls, market loss due to smart contract bugs, and similar project-driven faults. The scope of the insurance fund might be voted with the community in the future.
  • Qualifications: To qualify for FIF, investors must
    • (1) invested in the deal
    • (2) register for the insurance fund in the defined time slots
    • (3) pass the initial deposit threshold
    • (4) have a $OPN staked in the defined time slots
Note: The initial deposit threshold and the minimum amount of $OPN stake will be determined per deal basis.
  • Currencies: BNB, BUSD, or $OPN might be used as a type of refund currency.
  • Timeline: When the utilization of FIF is confirmed, then the registration and claiming periods will be timelined and announced.
  • Refunding: Qualified investors are guaranteed a partial or full refund based on the number of insurance participants and the fund size. Given the pool of insurance-qualified investors, the to-be-determined portion of the insurance fund will be shared proportionally across investors.
  • Insurance level: As FIF is a no-collateral insurance-guaranteed fund, the amount qualified investors will receive will be changing deal-to-deal and there will be no promise of a guaranteed amount or percentage or full refunding.
  • The utilization portion: The utilization rate of the full FIF will be determined on a deal-to-deal basis and might be voted with the community.
  • Vesting: If insurance tokens will be distributed via $OPN, there will be a vesting period to avoid instant sell-side pressure and the terms will be scheduled when the utilization of FIF is confirmed.
Let's suppose that there are 100 insurance-qualified investors with varying initial investment amounts. Let
A1A_1
be the initial amount of investment of investor 1 among 100 qualified ones,
α1\alpha_1
be the weight of investor 1 (i.e.,
α1=A1/i=1100Ai\alpha_1 = A_1 / \sum_{i=1}^{100}{A_i}
) let
II
be the total insurance funds. Then, let
IpI_p
be the portion of
II
allocated for a particular refunding event. Then, investor 1 will receive a refund
R1=α1IpR_1 = \alpha_1 * I_p
.
Diving deeper, OpenPad can determine to calculate
αi\alpha_i
as a weighted average of insurance fool share and $OPN staked amount. Mathematically speaking, let
s1s_1
be the $OPN staked amount of investor 1, then
αi\alpha_i
might be calculated as
αi=(σAii=1100Ai+βsii=1100si)Ip\alpha_i = ( \sigma * \dfrac{A_i}{\sum_{i=1}^{100}{A_i}} + \beta * \dfrac{s_i}{\sum_{i=1}^{100}{s_i}} ) * I_p
where
0<α<1,0<β<10< \alpha < 1, 0<\beta <1
and
α+β=1\alpha + \beta = 1