OptiFi Devnet is now live! While OptiFi has not yet revealed specifics about token distribution, their roadmap confirms that their own token will be released after 2023. By engaging with the OptiFi protocol prior to the Token Generation Event, you may have the chance to qualify for a potential future Airdrop, although this is a speculative opportunity. Powered by Solana and Serum, OptiFi is the first derivatives DEX to utilize a portfolio-based margining approach and partial liquidations engine. Portfolio Margining enables users to offset overall portfolio risks for increased capital efficiency, while Partial Liquidations ensure fair liquidation and pricing for all participants. OptiFi recently claimed Fourth Place in the Solana Riptide DeFi track in April 2022. The platform's goal is to establish the most capital-efficient derivative DeFi platform by applying high-performance techniques, systematic margining strategies, and advantageous market-making conditions to maintain a low fee structure, competitive spreads, and ample liquidity.
About OptiFi Devnet
Solana and Serum have announced plans to release their own token after 2023. They are the first derivatives DEX to utilize a portfolio-based margining approach and partial liquidations engine. This allows users to net overall portfolio risk for improved capital efficiency, while ensuring fair liquidation and pricing for all users. OptiFi, which placed fourth in the Solana Riptide DeFi track in April 2022, aims to create the most capital-efficient derivative DeFi platform by leveraging high-performance techniques, systematic margining approaches, and favorable market-making conditions. This ensures a low fee structure, competitive spreads, and ample liquidity.
Step-by-step guide
Head to the OptiFi DEX platform. Have a Solana and/or Serum compatible wallet like Phantom. Go to OptiFi Options & Switch to Devnet, create an account, deposit USDC and Start Trading. Head to the OptiFi Market Maker (OMM) & Stake to Earn. OptiFi Market Maker (OMM) uses a delta-neutral strategy, where all users can contribute USDC into OMM vaults to generate yield via providing liquidity. You will receive LP tokens as a receipt of the USDC you deposited in your OptiFi account. Adding liquidity into OMM is not risk-free. Please consider all applicable risks before depositing.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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