Lets Get HAI Review: Is Its Optimism CDP Worth Using?
Lets Get HAI is an Optimism CDP that lets you borrow the HAI stablecoin against liquid staking tokens and Optimism-native assets. The basic use is clear, but fees, collateral terms and the role of KITE are not.
By the SkyBitcoins review team · Updated
At a glance
Lets Get HAI key facts
| Type | Overcollateralized CDP and stablecoin protocol |
|---|---|
| Network | Optimism |
| Borrowing | Borrow HAI against LSTs and native assets |
| Tokens | HAI stablecoin; KITE role unspecified |
| Audits | Two listed; details unspecified |
| Token | KITE |
| Value locked | $840K−1.4% 7d |
| Updated |
Lets Get HAI FAQs
What is Lets Get HAI?
Lets Get HAI is described as an overcollateralized, decentralized stablecoin protocol on Optimism. It lets users borrow HAI against liquid staking tokens and Optimism-native assets.
What is the difference between HAI and KITE?
HAI is the stablecoin users can borrow through the protocol. KITE is listed as a token, but its role is not specified.
Has Lets Get HAI been audited?
Two audits are listed, but their names, scope and findings are not specified. You should check the audit reports and current collateral and borrowing terms before depositing assets.
Compare
Lets Get HAI alternatives
Liquity V1 offers interest-free LUSD loans against ETH, but borrowing fees, liquidation risk and independent frontends need care.
Liquity V2 offers user-set-rate borrowing against ETH and staked ETH, but you must choose a third-party frontend and manage liquidation risk.
Liquity V2 lets you borrow BOLD against ETH or liquid staking tokens at a rate you choose, but you must vet the frontend and manage liquidation risk.
Frankencoin offers collateral-backed ZCHF for borrowing, payments and savings, but check liquidation rules, fees and the exact network first.
Parallel offers USDp and sUSDp across five chains, but check variable yield, collateral and smart-contract risks before depositing.
Inverse Finance offers fixed-rate DOLA borrowing and sDOLA yield on Ethereum, but check market terms, liquidation risk and security before depositing.
Same category
More CDPs
Mezo Borrow offers MUSD loans against Bitcoin, but check the full rate, collateral and liquidation terms before pledging BTC.
LiquidLoans offers 0% interest borrowing against ETH or PLS, but liquidation risk and unpublished fee and audit details merit caution.
POWERCITY Earn offers interest-free PXDC loans against PLSX, but collateral, peg and contract risks warrant caution.
Thala offers Move Dollar borrowing and other DeFi products on Aptos, but check live fees and collateral liquidation terms before depositing.
Balanced combines cross-chain DeFi with collateral-backed bnUSD, but check live costs, liquidation rules and audit details before depositing.
Balanced combines cross-chain swaps, lending and borrowing; check unlisted swap costs and the project’s security disclosures before depositing.
Same chain
More on Optimism
Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.
Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.
Compound V3 offers variable-rate crypto lending across several networks, but market terms and liquidation risks require close checking.
Uniswap V2 enables wallet-based swaps and liquidity provision, but check the pool, network, gas and token risks before you trade.
Uniswap V3 offers wallet-based token swaps and concentrated liquidity, but check pool fees, gas, execution risks and price-range exposure.
Uniswap v4 offers multichain swaps and customizable pools, but check each pool’s fees, hook behavior and risks before trading.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.