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
Work with partners to add factory vaults as collateral
Lending markets and CDPs
Oracle development, collateral recommendations, DD, etc.
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, and the scope of all other deliverables (including but not limited to those parameterized with "as needed" or similar) are in the sole discretion of the People identified below.
Recent highlights/updates
Wonderland raised an issue that some keep3r harvests were consuming excessively high amounts of gas. Identified issue (older strategy templates being used on some vaults), created list of strategies pointing to older minimal proxy templates with TVL, deployed new versions and migrated to remedy issue.
Worked with ZooTroops to migrate excess keep3r credits from stealth/tend jobs to factory job to increase harvest regularity on the ever-growing number of factory strategies.
More than 5.5M veVELO accumulated to date (# 11 protocol by veVELO holdings), ~250k yvOP remaining for incentives in oChad
Improved harvest monitoring scripts on Base and Optimism to accurately estimate total harvest gas cost (L2+L1) to increase harvest frequency while ensuring optimal cost/profit.
Deployed V1+V2 of Prisma Convex Factory strategies
Add-on strategy template for Curve Factory vaults
V1 allowed farming of Prisma receivers w/ claimed yield as yPRISMA
V2 allows for more customization of claim time (separate from harvest calls) and allows for utilizing boost rentals to maximize yield
Current Stats
Curve
123 Factory Vaults
$65M TVL
Velodrome
70 Factory Vaults
$17M TVL
Aerodrome
28 Factory Vaults
$250k TVL
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.
Explore feasibility of Curve strategy migration to allow StrategyProxy upgrade (enable easier DAO voting) and atomic factory harvests (improved end-user experience)
Programmatically optimize allocations between via Curve and Convex strategies
Calculations done using existing veCRV balances, voter TVL, and fees for Yearn and Convex voters
16 vaults currently with allocations split between Curve/Convex
Continue to distribute Yearn's Optimism yvOP grant to vaults on Optimism
For Velodrome LP vaults, currently aiming for ~1.3-1.5x return (after fees) compared to staking in gauge alone
Adjusting emissions weekly based on base yield, fees, and changes in TVL
Coordinate with protocols who desire to bring PoL to new or existing vaults.
Continue to pursue factory vaults as collateral with lending/CDP protocols, with a special focus on Base and Optimism
Will need to deploy several new vaults here as Velo/Aero pools shift to use natively-issued instead of bridged USDC
Deadline
2024-05-01
People
dudesahn's single-member LLC
Money
5K DAI per month. Retroactive for Feb. Forward-looking, Mar-Apr.
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.
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, and the scope of all other deliverables (including but not limited to those parameterized with "as needed" or similar) are in the sole discretion of the People identified below.
Recent highlights/updates
Current Stats
Plan
The following deliverables will be met as part of this plan:
Deadline
2024-05-01
People
dudesahn's single-member LLC
Money
5K DAI per month. Retroactive for Feb. Forward-looking, Mar-Apr.
Amount (Total)
15,000 DAI
Wallet address
0x4444AAAACDBa5580282365e25b16309Bd770ce4a
Reporting
Once