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Whitepaper

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Introduction

Table of Content

Protocol and Network

Why the same strategy — such as staking ETH — can look completely different across protocols, with incompatible metrics, varying risk profiles, and no standardized way to compare options.

Challenges of a Decentralized Ecosystem

Multiple chains, multiple interfaces

The same strategy classes (staking, lending, LP) exist across different networks and in different contract versions. Parameters, risks, and costs vary depending on the chain and protocol.

Heterogeneous metrics and documentation

APY/APR calculated differently, varying payout schedules and lock-up conditions; information scattered across websites, technical documentation, and social media.

Rapid changes

Contract updates, new pools, variable limits, and asset lists require continuous monitoring – individual users lack the time and tools for this.

Example

Same "ETH staking", 5 different experiences

User wants to stake 10 ETH. Protocol comparison:

Feature

Lido (stETH)

Rocket Pool (rETH)

Coinbase (cbETH)

Native Staking

Binance CEX

Min. amount

0.01 ETH

0.01 ETH

0.0001 ETH

32 ETH

0.0001 ETH

Liquid token?

Yes (stETH)

Yes (rETH)

Yes (cbETH)

Locked

Custodial

Lock-up period

None

None

None

~27 days

Per CEX rules

APY (Nov 2024)

3.2%

3.1%

2.9%

3.5%

3.0%

Protocol fee

10%

5-20%

25%

0% (gas only)

Variable

Withdrawal

Swap stETH or Unstake queue

Swap rETH or Burn

Swap cbETH

Unstake (ETH Phase II)

Instant (custodial)

Smart contract risk

Medium

Medium-High

Low (Coinbase)

ETH Protocol

Custodial risk

Cross-chain availability

10+ networks

3 networks

2 networks

Ethereum only

Internal

Gas for approve

$3-8

$3-8

$3-8

$50-200 (node setup)

$0 (internal)

Gas for stake

$5-12

$5-12

$5-12

~$150

$0 (internal)

Number of steps

2 (approve + stake)

2 (approve + deposit)

2 (approve + stake)

20+ (node setup)

1 (custodial)

Time to first rewards

~24h

~24h

~24h

~1 epoch (6.4 min)

Instant

Documentation

Good

Medium

Good

Technical

Basic

Non-custodial?

Yes

Yes

Yes

Yes

NO

Key user question: "Which one should I choose?!"

Without OROKAI: 2-4 hours of research on Reddit/Discord/Twitter

With OROKAI: AI Agent shows 3 options matching your profile (e.g., "Lido – highest liquidity, Rocket Pool – more decentralized, Native – highest APY but 32 ETH min.")

Problem

Metametrics – impossibility of "apples-to-apples" comparison

Different protocols use different definitions for the same metrics:

Term

Definition in Lido

Definition in Rocket Pool

Definition in AAVE

APY

Annualized Percentage Yield (compound daily)

APR (Annual Percentage Rate, simple)

Variable APY (changes per block)

Fee

10% of staker rewards

5-20% depending on operator commission

0.3% + variable borrow rate spread

Rewards

Auto-accruing (stETH balance grows)

Mint new rETH (ratio changes)

Claimable incentives (aToken)

Risk

"Smart contract audited"

"Decentralized operator set"

"Liquidation risk + smart contract risk"

Non-technical user: "I don't understand the difference between 'accruing' and 'claimable'. I just want to know how much I'll earn."

Consequence

Difficulty in comparing strategies "apples to apples," risk of choosing an inadequate protocol or outdated contract version.

RISK OF OUTDATED INFORMATION

The fast-paced nature of DeFi means that strategies and protocols can change rapidly, making it challenging for users to stay informed and make optimal decisions.

Orokai is a software provider and does not offer financial advice. Protocol yields are variable. Service availability may depend on local regulations.

Legal

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Orokai is a software provider and does not offer financial advice. Protocol yields are variable. Service availability may depend on local regulations.