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FAQ

General​

What is Catpound?​

A set of auto-compounding yield vaults on Bitcoin L1 (via OPNet). Deposit a token, the vault stakes and compounds it on your behalf, you redeem for more of the token later.

What chain is this on?​

Bitcoin L1, through OPNet. Not a sidechain, not an L2, not a bridge.

Do I need ETH?​

No. You pay transaction fees in BTC. Keep a small BTC balance in your OPWallet.

Which vault should I pick?​

Whichever matches the token you want to hold:

  • Hold MOTO → cpMOTO or OrangePill MOTO
  • Hold PILL → PILL vault
  • Hold MCHAD → MCHAD vault
  • Hold MOTO/PILL LP → OrangePill MOTO/PILL LP

See the Vaults overview.

Yield​

How does my balance grow?​

The vault keeps harvesting rewards from the underlying farm and putting them back in. Your receipt token supply stays the same, but each one becomes worth more of the underlying over time.

How often does compounding happen?​

Periodically — typically every few hours — driven by an automated compounder. You don't need to do anything.

Can the share price go down?​

Under normal operation, no. The share price only rises (or stays flat if a compound adds zero). Your principal isn't slashed by the compounding mechanism.

Receipt tokens​

What's cpMOTO / cpPILL / cpMCHAD?​

The receipt token you get when you deposit. It's a standard OP-20 (like ERC-20), transferable, and redeemable at the vault for your share of the underlying.

Can I transfer it?​

Yes. Send it to any OPNet wallet. Whoever holds it can redeem it.

Withdrawals​

Is my principal safe?​

The compounding never reduces your principal. You get back at least what you deposited (minus a protocol fee on any accrued yield). Platform-level and smart-contract risks still apply — see Risks.

How fast can I withdraw?​

Usually instant. On cpMOTO, a large withdraw that exceeds available liquid may be placed in a short queue and settled automatically as liquidity arrives. The UI shows your queue position.

What if the vault is paused?​

Pause only blocks new deposits. Withdrawals can never be blocked.

Fees​

What am I paying?​

A flat 10% protocol fee on the rewards your shares earned — never on your principal. The fee is taken at compound time (when the admin injects harvested + swapped rewards back into the vault), so withdrawals are gross of fee and reflect the post-fee share price. See Fee Structure.

Is there a tier system or NFT discount?​

No. The v2 vaults (current) use a single flat rate across all depositors. The original v1 vaults had an NFT tier system and whale-detection surcharge — both have been retired. See Decommissioned Contracts for context.

Security​

Is Catpound audited?​

Yes, multiple audit passes on the vault contracts. See Risks for details.

Who controls the vaults?​

Each vault has an admin who can adjust fees within hard-coded caps, trigger compound operations, and pause deposits. The admin cannot move user funds out of the vault and cannot block withdrawals. Ownership transfer is two-step.