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There are three kind of Opacity. Opacity that can get by pressing T key is one of that. This is representing which type of opacity in the drop down menu?.
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Hi MahaB82A,
Opacity under the Transform affects the opacity of the layer. It's the same Opacity that you see when you press T. Opacity under Animator 2 is the opacity specific to the preset. Each preset can have its own opacity.
Let us know if there are any other questions.
Thanks,
Nishu