Last updated
Last updated
Stake DAO have 3 real Yield revenue: lending yield through AAVE, market making yield via Curve and lobbying yield of liquid lockers build on top of Curve thanks to the bribes.
What's a Liquid Locker? A picture is worth a thousand words, by depositing $CRV in the Liquid Locker, Stake DAO boosts your yield, your governance power and makes Curve's assets more liquid with $sdCRV.
Since November 2nd, Stake DAO offers its product around liquid lockers on Arbitrum. It is now possible to boost your yield on Curve strategies on Arbitrum.
Kostren Finance is a multi-chain Yield Aggregator, if the yield or farming loop possibilities are more interesting on Ethereum or other L2, multi-chain farming will be done but with equivalent APRs, we will prefer Arbitrum.
Strategies: We will deposit our $CRV in the Stake DAO Liquid Locker to obtain $sdCRV which will allow us to have yield on voting power, bribes, on $CRV, incentives via $SDT boosts as well as having a more liquid asset.
Note: we will also buy with a small portion of the treasury $SDT which will be staked to earn $veSDT. This will boost the yield of the $sdCRV, the bribes rewards and our voting power.
75% of the $sdCRV will be placed in the sdCRV/CRV factory pool to earn trading fees, $CRV rewards that will be compounded over the first 6 months to maximize the real yield over the middle - long term.
25% of the $sdCRV will be placed in the reward gauge which allows to earn $veCRV by taking advantage of the $veSDT boost. The $veCRV will then be delegated as bribes on a build on top of Curve protocol for a new APR.