General
Q: What is Utopia?
A: Utopia is a user-centric auto compounding platform that offers simplicity in otherwise complex yield bearing strategies, with holistic portfolio management and easy to understand visual metrics to seamlessly on-board even the newest users into DeFi
Q: What is a Utopia token?
A: Utopia tokens are yield bearing assets, each token is backed by a complex strategy that auto compounds the yield earned optimally.
Q: How do I interact with Utopia tokens?
A: Purchase Utopia tokens on the ‘Trade’ Dashboard in 3 easy steps, then watch as it increases in value over time.
Q: How does a Utopia token generate yield?
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Q: What are the platform fees?
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Q: How do I set-up the relevant chain in my wallet?
A: Click on the top right icon, then click on the network, this will open a pop-up window of each network represented on Utopia, simply click the network and it will allow you to automatically add it to you wallet.
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Q: What are the Risk Factors ?
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Q: What impacts the price of Utopia Tokens ?
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Q: What makes Utopia Token unique from other Yield Assets ?
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Q: Will Utopia have a separate DeFi Lama listing ?
A: Yes
Q: Specific feature outline (innovations) ?
A: 3-step trading, holistic portfolio management, alliance program, visual metrics for each asset.
Q: Does sell pressure impact the underlying strategy ?
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Q: What’re the advantages in comparison to just investing in the pool ?
A: Utopia assets simplify the processes, instead of manually swapping countless times, Utopia allows you to purchase an asset back by a selected strategy and partake with only one token. Our saying is “One token in, One token out”
Q: How does COMB benefit from Utopia?
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Q: Which chains will be added to Utopia?
A: For the moment we are diving into EVM compatible chains, these are Fantom, Avalanche, Binance, Polygon and Optimism
Q: Do I need GAS for different chains?
A: Yes, however we are working on an optimizer that will allow users to purchase any asset on any chain, allowing them to stay central to their favourite chain, while also enjoying diversifying their assets to their favourite strategies even if they are on different chains.
Q: What happens with the Utopia token if one of the stable tokens depegs?
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