We would like to add the OPTIM as a collateral and borrowable asset to Lenfi.
Optim Finance enables broad access to yield generation products such as Liquidity Bonds and Strategy Vaults. The OPTIM token is central to the protocol’s operation and adding it to the Lenfi protocol will unlock a wide range of use case possibilities before protocol users.
1. Project and token overview
Optim Finance is a DeFi protocol that enables access to yield-generation products like SPO, IBO, and ISO Liquidity Bonds and Strategy Vaults. The OPTIM token is central to its operation, providing utilities like governance, protocol incentives, and access to the DAO treasury. The project’s long-term goal is to enhance its products, introducing some premium features token-gated initially or permanently for OPTIM holders.
2. Explain the positioning of the token in the Cardano ecosystem. How will it benefit the protocol?
The Optim ILE kicked off on 28 Oct, distributing a total of 11% of the total token supply. So far, the token has over 1100 holders, showing a rapid increase from its inception to date. Adding the OPTIM token will give Lenfi users access to the Optim Finance protocol’s utilities like Governance, Staking, and Premium Features.
- What’s the asset’s utility?
- Governance - The OPTIM token is used to participate in the ODAO, which is responsible for driving decision-making and decentralization of the protocol. Token holders can propose and enact changes related to product development, protocol fees, and the allocation of treasury assets.
- Staking - The OPTIM token can be staked to provide additional insurance and downside protection to senior tranche depositors in tranche-structured vaults for real-world assets. Rewards will accrue to users for staking the OPTIM token, providing utility to the protocol.
- Treasury - OPTIM token holders will have control over the Optim treasury through on-chain voting.
- Premium Features - Enhanced features will be added to Optim’s products over time, some of which may be token-gated initially or permanently for OPTIM holders.
- Token data
- Emission schedule - Vesting - Optim Finance
- Current circulating supply - 11.0M (11%)
- Exchanges - Spectrum/VyFi
- Holders - 1,126
- Market cap - $1,923,898
- TVL (Spectrum) - 3.85m ₳
- 24h Vol (Spectrum) - $5,683
Adding the OPTIM token to Lenfi will provide users with access to the utilities offered by the Optim Finance protocol, including governance, staking, and premium features. Ultimately, allowing users to supply and borrow OPTIM will help bring in new users and increase the value of our protocol.