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OTO Protocol is a new wave of Decentralized Finance Applications built on the Avalanche network, designed to generate passive returns in a simple and enduring manner. OTO Protocol is an incubated initiative by NODAC Labs. Its token design uses an experimental take on an "Automated Circular Economy" idea, featuring automatic staking and automatic compounding that occur simply by holding the token, along with a fixed APY intended to remain sustainable over time and supported by a reserve of funds.
OTO token operates through rebases, paying holders a 0.02355% interest every 15min. In effect, this corresponds to an annual compound interest of 382,945.41%. The APY is fixed and is maintained through 14% and 16% taxes applied to buys and sells respectively.
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