OADA Walkthrough: Mint > Stake > Earn

Welcome to the launch of OADA on the Cardano Mainnet!

OADA is a fully backed ADA derivative token designed to provide yield opportunities while maintaining a strong peg to ADA. This walkthrough will guide you through the user interface, helping you mint, stake, and earn with OADA.

**Due to the system being brand new APYs will be missing as there isn’t historical data for trailing APY. Within 24–48 hours these figures will appear in the UI and can be referenced by users! **

Step 1: Access the Dashboard

First, head to the OADA Dashboard. Here, you can view important statistics about the OADA system, including:

• Total Value Locked (TVL)
• OADA supply
• sOADA supply
• Open positions
• Yield opportunities

Step 2: Mint OADA

Next, click on the Mint-Stake-Earn Tab. In the Mint section:

1. Enter the amount of ADA you want to mint into OADA.
2. Click the “Mint OADA” button.
3. Sign the transaction.
4. Wait for the transaction confirmation message.

Step 3: Stake OADA

Navigate to the Stake tab. Staking your OADA into sOADA allows you to receive yield from the underlying assets in the system:

1. Enter the amount of OADA you want to stake into sOADA.
2. Click the “Stake OADA” button.
3. Sign the transaction.
4. Wait for the confirmation message.

**User risk**
OADA Stakers incur the loss on any underlying yield strategies the system runs! System strategies are conservative — only OADA/ADA LP & staking auction to start. Smart contract risk of Splash (LP strategy) and soon Liqwid are the primary risks in addition to Optim smart contract risk .

Step 4: Unstake sOADA

If you want to convert your sOADA back into OADA, head to the Unstake tab:

1. Enter the amount of sOADA you want to unstake into OADA.
2. Click the “Unstake sOADA” button.
3. Sign the transaction.
4. Wait for the confirmation message.

**Stakers who mint sOADA realize their yield upon unstaking through the conversion rate. Each sOADA should be worth and converted into more OADA upon unstaking.**

Step 5: Swap OADA for ADA

To turn your OADA back into raw ADA, you need to swap it in the Splash stableswap DEX pool. Go to the Splash DEX pool:

1. Enter the amount of OADA you want to swap for ADA.
2. Click the “Swap OADA” button.
3. Sign the transaction.
4. Wait for the confirmation message.

By following these steps, you can effectively mint, stake, and earn with OADA on the Cardano Mainnet. The OADA system offers a seamless way to manage ADA assets and capitalize on yield opportunities. For more detailed information and to learn about the technicalities of the OADA system, check out the Optim Finance GitBook documentation. Enjoy exploring the benefits of OADA!