OADA

OADA is the newest DeFi product by Optim Finance. It is an innovative ADA derivative system that provides the first real yield aggregation dApp on Cardano. ADA deposited into the system to mint OADA is deployed productively into strategies via Algorithmic Market Operations [AMOs] to generate yield for users.

The system utilizes two tokens: OADA and sOADA.

OADA is pegged to ADA but doesn't receive any yield.

sOADA is staked OADA. It is not a pegged token, but it receives all of the yield generated by the system and also bears the risk of any unlikely losses the system may take on.