henrio123
commented
1 year ago @asaadam updated "Strategy assets" and "How it works"
Open henrio123 opened 1 year ago
henrio123
commented
1 year ago @asaadam updated "Strategy assets" and "How it works"
Base data:
Live Contract Address: TODO
No Staking/Bonding
1. Marketing Site
Launch counter- Launch date and time (UTC): May 31. 7 pm UTC
Strategy Carousel-. @henrio123 will set it
Strategy name: Real Yield 1Inch
Strategy card description: Finally, another use for these governance tokens. Unleash yield powered by ETH staking and DeFi.
Strategy assets: 1Inch, WETH, YieldETH
2. Strategies Overview Page
Strategy name: Real Yield 1Inch
Strategy token logo: TODO
Launch date: (UTC): May 31. 7 pm UTC
Strategy provider name: Sevens Seas & DeFine Logic Labs
Strategy description: Finally, another use for these governance tokens. Unleash yield powered by ETH staking and DeFi.
Strategy type: Yield
Protocols: Aave
Strategy assets: 1Inch, WETH, YieldETH
APY - (Yes - static/real time/since inception or No): Since Inception
Token price (Yes/No): Yes
3. Strategy Landing Page
Pre-Launch view:
Additionally- Launch date counter Signup button
And not showing before the launch date- Buy/Sell button View Details button TVL APY since inception
Add "Notify me" button Add same function like here: https://github.com/strangelove-ventures/sommelier/issues/636
Launch view:
Strategy name: Real Yield 1Inch
Launch date: May 31. 7 pm UTC
Strategy provider name: Sevens Seas & DeFine Logic Labs
Strategy provider website: https://sevenseas.capital/
Strategy provider token logo: Seven Seas logo
Token price (Yes/No): Yes
1D Change (Yes/No): Yes
APY - (Yes - static/real time/since inception or No): Since Inception
Ticker name: RY1INCH
Traded Assets: 1Inch, WETH, YieldETH
Alternative to: Lending
Strategy Headline: Finally, another use for these governance tokens. Unleash yield powered by ETH staking and DeFi.
Strategy Highlights:
Automated leverage monitoring and yield compounding.
Organic yield powered by an "arbitrage" between Ethereum staking rates and ETH borrow costs.
No lockups, withdraw your tokens at any time.
Strategy Description: The purpose of this vault is to provide token holders with a passive yield opportunity for their assets. For some of these tokens, yield opportunities are sparse and the vault presents an opportunity to earn more yield. For other tokens, the vault presents a liquid yield opportunity that is higher than typical lending rates (at least in current conditions).
How it works: The way the vault achieves this is by taking your deposited token, supplying it on Aave as collateral to borrow ETH and then depositing that ETH into the Real Yield ETH vault. For context, the Real Yield ETH vault generates yield from leveraged staking and LPing ETH and ETH LSTs. The desired net effect is that the yield earned through Real Yield ETH will be greater than the borrow costs of the ETH allowing the vault to purchase more of your deposit token to add to your position. It’s important to note that these vaults and the Real Yield ETH vault take on leverage. However, Sommelier’s novel architecture gives vaults advanced capabilities when it comes to taking on and monitoring these positions. While leveraged, the vault smart contract enforces a minimum health factor during each rebalance as a safety precaution. The vault also closely monitors on-chain conditions to mitigate liquidation risk. If market conditions change, the vault is able to rapidly adjust leverage ratios to help avoid liquidation.
Notify me button (Yes/No): Yes
Backtesting data(No/ Yes - data): No
4. Strategy Details Page
Strategy name: Real Yield 1Inch
Launch date: May 31. 7 pm UTC
APY - (Yes - static/real time/since inception or No): Since Inception
Sign-up pop-up after deposit (Yes/No): Yes
Deposit assets: 1Inch
Base asset: 1Inch
Strategy Type: Yield
Strategy Token Logo: TODO
Protocols: Aave
Platform fee: 0%
Performance fee: 0%
Performance Fee Chart: 0% Protocol; 0% Strategy Provider; 100% Depositors
Deposit and Exit fee: 0%
Strategy Assets: 1Inch, WETH, YieldETH
Goal: Outperform lending yield.
Highlights: Automated leverage monitoring and yield compounding.
Organic yield powered by an "arbitrage" between Ethereum staking rates and ETH borrow costs.
No lockups, withdraw your tokens at any time.
Description: The purpose of this vault is to provide token holders with a passive yield opportunity for their assets. For some of these tokens, yield opportunities are sparse and the vault presents an opportunity to earn more yield. For other tokens, the vault presents a liquid yield opportunity that is higher than typical lending rates (at least in current conditions).
FAQ's: Are the smart contracts audited? Yes, all smart contracts on Sommelier have been audited by an independent third-party auditor. And you can find the link of audit reports here sommelier.finance/audits
What are the risks? It is important to acknowledge the inherent smart contract risk in the Sommelier contracts (despite extensive auditing) and the protocols the vault interacts with. Additionally, the vault utilizes leverage to generate yield, which poses a risk of liquidation. To help reduce this risk, the vault’s smart contracts enforce a minimum health factor during each rebalance as a safety measure, and the vault closely monitors on-chain conditions to mitigate liquidation risk. Furthermore, the vault does not manage de-peg risk beyond the initial selection of widely used ETH liquid staked tokens. Lastly, it’s worth noting that withdrawing 100% of assets from the vault may not always be possible. Specifically, Uniswap V3 LP positions held by the vault are ineligible for immediate withdrawals, meaning users can only withdraw from certain Aave, Compound, and holding positions. Nevertheless, 7Seas and Define Logic Labs will ensure a percentage of funds are consistently maintained in liquid positions for withdrawal. This is also the case for Real Yield USD and some Yearn positions.
Strategy provider: Seven Seas & DeFine Logic Labs
Strategy provider website: https://sevenseas.capital/
Strategy provider logo: Seven Seas Logo