$OPLL Vaults

To further incentivize mutually beneficial investors behavior, Opulence offers staking vaults where $OPLL tokens can be locked to receive yield. The rewards will be paid out in $OPLL tokens. No new tokens will be minted; instead, originally minted $OPLLs will be debited from Opulence reserve. There will be multiple time periods available to lock $OPLL tokens for, the longer ones typically offering greater APY.

In addition to receiving yield of $OPLL reward tokens, users will also have their Opulence score appreciate faster, which will allow them to liquidate their unlocked tokens faster. If users choose to withdraw their $OPLL from the vault before it expires, they will incur a 30% early exit penalty fee. Tokens charged as a fee will be burnt.

Vaults are designed as a temporary incentive for early Opulence adopters and are not supposed to be sustainable. We reserve the right to reduce or disable APY at any vault at any time. If we do that, the users will be able to withdraw their $OPLL tokens without any fee.