Question 1

How does Otto work?

Accepted Answer

Otto is a mobile app that connects to your email and holds your USD as USDC, a regulated digital dollar. These funds are allocated through Auto Finance's ottoUSD vault.

Question 2

How do I sign up for Otto?

Accepted Answer

Simply download the Otto app, sign up with your email and you can fund your account to start earning right away.

Question 3

What do I need to get started?

Accepted Answer

All you need is a valid email address and a bank account, credit card or debit card for funding. No minimum deposit is required to open an account.

Question 4

Why is Otto invite-only right now?

Accepted Answer

We're launching with a limited early access period to ensure everything runs smoothly and securely for our first users. Joining the waitlist guarantees you'll be among the first to access Otto when new spots open.

Question 5

Where will Otto be available?

Accepted Answer

Otto plans to be available first in the United States and then expand to other countries.

Question 6

How does Otto keep my funds secure?

Accepted Answer

Otto uses institutional-grade security including multi-signature wallets, regular third-party audits, and partners only with established, regulated platforms like Coinbase for fund transfers and infrastructure.

Question 7

What happens if Otto shuts down?

Accepted Answer

Your funds are always yours. In the unlikely event of a shutdown, you would be able to withdraw your full balance back to your bank account.

Question 8

Where does the yield come from?

Accepted Answer

Returns are generated by allocating funds to top-performing, low-volatility strategies in DeFi, including lending markets and liquidity pools.

Question 9

Is the 9.21% rate guaranteed?

Accepted Answer

The displayed rate is a target based on current market conditions and historical performance. While we aim to maintain competitive yields, rates may fluctuate based on market dynamics. We always show the current rate in the app.

Question 10

Can I withdraw my money at any time?

Accepted Answer

Yes. Your funds remain liquid, so you can withdraw back to your bank account whenever you choose. Withdrawals have a processing time that varies depending on the method you use.

Question 11

Is there a minimum or maximum deposit?

Accepted Answer

There's no minimum deposit to get started. You can deposit up to $500 without a Coinbase account. If you have a Coinbase account, your deposit limit depends on your account's limits.

FAQ

Getting Started