All in one DeFi platform
Hello frentacle,
OctoFi combines DeFi’s best products into one user friendly Dapp.
The project is open source, rug resistant, and completely transparent. All revenue from platform fees, partner commissions, and capital deployments go directly to $OCTO holders.
"The community owned Coinbase of DeFi."
Platform Features
Development commenced in October 2020 and OctoFi continues evolving to meet our community's requirements. The indicators shown in the drop down menus on our platform are either green for "live in production" or yellow for "work in progress." Here's an overview of what's inside:
| Buy | Swap | Trade | Invest |
|---|
| Crypto (fiat on-ramp) | Uniswap | Spot markets | Liquidity pools |
| Gift cards (fiat off-ramp) | DEX routing | Spot trading | Token sets |
| Luxury goods (soon) | CEX routing | Market making | Loans |
| OctoFi swag (soon) | Cross chain (soon) | Margin trading | NFT |
There's also an extensive range of tools for participating in governance, exploring cryptocurrencies, managing your accounts, and keeping track of your assets. We run entirely on a static site hosted directly from our Github repo and we do not track users.
Token Utility
The OCTO token is used to govern the project, unlock exclusive features, and to distribute ALL revenue. You can purchase it on Uniswap or directly from OctoFi, but always check the token contract address (0X7240...2BA3) first.
Here's what you can do with your $OCTO right now:
| Liquidity Providers | Passive Holders |
|---|
| Earn OCTO + USDC (usdc.octo.fi) pool fees | Earn OctoFi platform fees |
| Earn OCTO + ETH (eth.octo.fi) pools fees | Unlock exclusive features |
| Earn OCTO for LP staking (farm.octo.fi) | Vote on governance decisions |
100% of platform revenue is distributed to holders proportional to their share of the $OCTO circulating supply. Snapshots are taken at 808am UTC on the first and last day of each month to determine whose holdings are eligible for each monthly distribution. Payouts are made in stablecoins directly to eligible wallets (liquidity providers excluded) and do not require staking or claiming (subject to change as L2 solutions become available).
At the end of month snapshot, you must hold the same amount of OCTO, or more, than you did at the start of month snapshot to be eligible. Only those OCTO held for the entire period are deemed eligible and those who HODL are rewarded. Any additional OCTO you've accumulated during a given month will count toward the next month.
If the amount of OCTO in your address at the end of month is less than at the beginning, you are disqualified from receiving any payout for that month. Only non-custodial wallets are counted. We do not include exchange wallets.
You can visit hodl.octo.fi for an up to date list of eligible addresses. Payouts are made on the 8th of each month.
"Not your keys, not your fees."
Platform Fees
Our platform fee collection address can be found at fees.octo.fi and adheres to our strict transparency standards. Revenue is derived from native platform fees, partner referral commissions, and project capital deployments.
| Function | Platform Fee (%) | OCTO Holder Benefit |
|---|
| Spot trading | 0.2% | Tiered discount (TBD) |
| Fiat Gateway (On-Ramp) | No platform fee | Less onboarding friction |
| Fiat Gateway (Off-Ramp) | No platform fee | Partner commissions (~ 1%) |
| Instant Swap (Aggregator) | No platform fee | Partner commissions (~ 1%) |
| Spot Trading Deposit | No platform fee | Less onboarding friction |
| Spot Trading Withdraw | No platform fee | Less onboarding friction |
| NFT Trading | No platform fee | Partner commissions (~ 2.5%) |
| Launchpad Private Sale (Service) | 2% of funds raised | FREE (lock funds 1 year) |
| New Asset Listing (Service) | 8,888 USDC | FREE (lock funds 1 year) |
Please note fee structure is incomplete and subject to change. Refer to OIP-17 for more information.
Token Specs
OCTO (0X7240...2BA3) is an audited ERC-20 token on the Ethereum network. LiveCoinWatch and Coingecko are our recommended sources for checking prices.
- Total Supply: 800,000 OCTO (MAX)
- Circulating Supply: ~ 350,000 OCTO (CIRC)
- Locked Supply: ~ 210,000 OCTO (LOCKED)
Circulating Supply = Total Supply - Project Reserve (locked) - Interest Program Fund - Project Reserve (streaming) - Uniswap Liquidity (locked) - Project Reserve (deployer) - Interest Program Deposits - Token Contract (burned)
💡 You can verify tokens locked in smart contracts for yourself as explained in this transparency report.
Launch Distribution
Bonding curve public sale was completed on 14 September 2020 as detailed here.
- Public Sale: 125,000 OCTO distributed via bonding curve ($0.18 - $1.08)1
- Project Reserve: 275,000 OCTO assigned to transparent project fund
- Interest Program: 200,000 OCTO allocated to interest programs
- Early Backers: 200,000 OCTO among strategic cohort ($0.18)
Address Links
New users commonly ask about certain addresses with larger holdings (view all holders here) which are detailed below.
Team
The team have chosen to remain anonymous and have a number of reasons for choosing to do so.
Main reason: Decentralization
- Don't lean on founder reputations
- Avoid "cult leader" vulnerability
- Foster grassroots organic community
- Empower project to stand on its own
- Minimize chance of being shut down
- Reduce social exploit attack surface
- Focus on the product and ecosystem
We believe you don't need a team to trust, you need to verify their work.
⚠️ WARNING: No OctoFi team member will ever contact you requesting access to your funds, or that you share private keys or seed phrases. Anyone claiming such a thing is an IMPERSONATOR and you should block them immediately. The only official contacts for team members are @OctoFi_Biz and @OctoFi_Dev on Telegram, and @octofinance on Twitter.
Research
Before taking a deep dive, it's worth having a quick look at these.
OctoFi has been granted its Messari Disclosures Verification Badge and we have committed to full transparency. Our continued focus on keeping our Messari profile updated as a single source of truth will help in holding the project accountable.
We encourage you to read our Manifesto, then follow us on Twitter, and join our Telegram group @OctoFi.
Welcome to The Tentacult.
1: Bonding curve was completed on 14 September 2020.
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