Contemplated scope of work includes the following duties with respect to existing Yearn V2 factory vault deployments across multiple chains and builds off of previous work here.
Monitor the following factory contracts for parameter adjustments as needed (for example, Convex has updated their PoolManager 3 times in the past few months).
Watch for newly-deployed vaults (queue yChad to acceptGovernance)
Deploy updated template strategies as needed
Recent months have seen updates required for both Frax and Convex factory strategies based on protocol interface updates
MEV-resistant swap option like ySwaps for Velodrome and/or Aerodrome strategies should SeaSolver/CoWSwap expand to these chains
Manually deploy and queue attachment of Frax Convex strategies for any vaults that have a Frax gauge added after vault deployment
Aim for factory vaults to be immutable(ish) over time (burned or perhaps veYFI governance)
This is TBD; ideally Yearn would just burn gov, but the amount of times Yearn have had to update strategies due to factors outside its control suggests veYFI gov as a better option. This would require more substanial work but could be a good first test for migrating all gov on-chain.
Work closely with Web team to add token symbols, descriptions for new vaults and hide/remove old ones as vaults are sunset for various reasons.
Continue support of routing legacy Curve => factory vaults
$27m still being routed from legacy to factory
Primarily watch for stuck harvests (setDoHealthCheck(False) for too much profit)
Proactively create strategic proposals for partnerships and grants to attract POL and TVL (in collaboration with other Yearn community members)
Support one-off LP vault deployment and integration for chains without need for factories (Primarily Curve and Balancer/Beethoven)
Continue weekly distribution of Yearn's yvOP grant for Optimism vaults
notifyRewardAmount on relevant staking contracts
Unless otherwise specified, all deliverables will be provided using commercially reasonable judgment and techniques where practical but without any warranties or guarantees whatsoever. Any deliverable with a specified method or contract is limited in scope to that method or contract.
Plan
The following deliverables will be met as part of this plan:
Ongoing maintenance needed on deployed factories/strategies as described above, including smart contract and (reporting) UI bugs.
Programmatically optimize allocations between via Curve and Convex strategies
Calculations done using existing veCRV balances, voter TVL, and fees for Yearn and Convex voters
V1 of this script completed and in use
Curve/Balancer vaults to help support v3 launch on Polygon, potentially on Optimism as well to take advantage of Yearn's yvOP stash
keepBAL could be used to further bootstrap dormant yBAL
Continue to distribute Yearn's Optimism yvOP grant to vaults on Optimism
For Velodrome LP vaults, currently aiming for ~1.5x return (after fees) compared to staking in gauge alone
Adjusting emissions weekly based on base yield, fees, and changes in TVL
Velodrome has ~$135m in TVL across all of their pools at time of writing. We will have ~$15m once Stargate deposits, and provide 1.5x higher yield. Plenty of room to grow there.
Continue to pursue factory vaults as collateral with lending/CDP protocols, with a special focus on Base and Optimism
Deadline
2024-02-01
People
dudesahn's single-member LLC
Money
5K DAI per month. Retroactive for Nov. Forward-looking, Dec-Jan.
Scope
Contemplated scope of work includes the following duties with respect to existing Yearn V2 factory vault deployments across multiple chains and builds off of previous work here.
PoolManager3 times in the past few months).forceHarvestTriggerOnce)updateStrategyDebtRatio(curve/convex)setHarvestTriggerParams,setCreditThreshold,setMinReportDelay, etc.)acceptGovernance)setDoHealthCheck(False)for too much profit)notifyRewardAmounton relevant staking contractsUnless otherwise specified, all deliverables will be provided using commercially reasonable judgment and techniques where practical but without any warranties or guarantees whatsoever. Any deliverable with a specified method or contract is limited in scope to that method or contract.
Plan
The following deliverables will be met as part of this plan:
Deadline
2024-02-01
People
dudesahn's single-member LLC
Money
5K DAI per month. Retroactive for Nov. Forward-looking, Dec-Jan.
Amount
15,000 DAI
Wallet address
0x4444AAAACDBa5580282365e25b16309Bd770ce4a
Reporting
Monthly