Continuous Price Appreciation

$OPLL price keeps appreciating every second thanks to an automated module in the smart-contract that determines the present price based on the following factors:

OPLLprice=OPLLprevPrice(1+rateboost+ratebase)timenowtimeprevPrice24hoursOPLL_{price}=OPLL_{prevPrice}*(1 + rate_{boost} + rate_{base})^\dfrac{time_{now} - time_{prevPrice}}{24 hours}
  • Most recent price is the $OPLL price at the moment of the most recent update of the savings interest (either Base rate or Boost rate)

  • Base interest rate is the standard rate of return of $OPLL. Base rate can never be reduced, and can only be increased by the team. Once increased, base rate can never be reduced again. This ensures that $OPLL price is ever increasing.

  • Boost interest rate is the situational rate of return that is fully updatable and can be changed any time. This can act as a lever enabling the protocol to manipulate supply and demand for $OPLL.

  • Time passed is how much time passed since most recent interest rate update

Because of limited composability of $OPLL, all trades involving the token can only be conducted on our official website (app.opulence.cash) or by using the smart-contracts directly. $OPLL can be purchased with and sold to ETH.

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