Liquid Multi-Yield token
Goal - creating a multichain token that increases in value daily as a form of stable savings.. with potential for massive gains on random occasion..
How works:
A user deposit any coin,<<<
(Advanced option: convert all new deposits into usdt)
The deposited coins are divided by four,
One fourth is swap/bridged across multiple chains into liquid staking and then restaking positions, (coins: eth, bnb, stable, ect) the reward liquid tokens are sent to the Yieldnest rewards vault (reward vault receives all deposit tokens)
(Example: stake eth on Lido and restake steth on Eigenlayer and Instadapp)
Second fourth is deposited into Pooltogether multi chain vaults to gain interest which is reinvested back into the pools to increase position value/power - increase chance of winning the big prizes(deposit prize tokens sent to yieldnest rewards vault)
Third fourth is deposited across multiple chains into Beefy zappable autocompounding vaults (deposit tokens are sent to yieldnest rewards vault), interest/rewards not autocompounding reinvested. *vaults picked based off highest daily roi (dpy) of last claim (posistions reevaluated on some kind of schedule or automated for when roi (apy+dpy) drops below a certain percent - can be voted on)
**chains: bnb, eth, op, base, ect.
***advanced option: create positions on uniswap, aerodrome, ect and then make those beefy positions and invest in them, then route all new deposits through those swap postions converting to usdt before depositing into the project to gain from the swap fees on the swap site and in the beefy vault.
Last fourth is used for mining new coins and to run a validator, interest and new coins are treated as a new deposit.
User receives token(s) based on usdt value at time of deposit,
Each token(s) all users recieve for their deposit is tied to the total value of the yieldnest rewards vault that holds all the liquid (re)staked coins, beefy tokens, and Pooltogether prize tokens.<<<
If a user wants to sell their token back,
The token can be exchanged for Usdt,
Lowest yeilding assets with lowest conversion cost are liquidated for usdt to pay the user.. or (advanced option: create a swap position for the yieldnest token/usdt on uniswap or similar site and also make it a beefy position and cashout people that way - gain from the swap fees and matching beefy positionš)
***i can show the wallet address that Iāve been using while testing this project if nessacery(Iāve deposited a dollar into as many positions as i could to test if they were valid) - I have won on pooltogether before, i am currently gaining on (some of) my beefy positions, i have multiple (re)staking Iāve tried out .. only piece Iām currently missing is the mining/validating
(I am currently Mining Catgold but thats not established enough yet for this project and has no practical use outside itās current ecosystem)
I can explain how each step could work if necessary
Wallet that Iāve been experimenting on this project with as an example of what the rewards vault could look like(tiny deposits because testing)-
0x1419734ee0d1E213F4496d6BF088cc3b480ccEDF
(Ignore the none eth staked and non beefy/pooltogether stuff - from other experiments)
Interesting strategies.
However, actions like swaps (which incur slippage), Beefy strategies, or project-based mining carry significant risks.
Extensive due diligence may be required before proceeding with any of these operations.
Can mitigate against the slippage using the advanced options.. i have more advanced pieces that can be added to it ā example: converting all initial deposits into xlm via swap postions set up by us, use the xlm to transfer to each sub part of strategy and swap to needed coin via swap postions set up by us.. basically set up or be part of all used swap postions in this strategy also be part of the bridges used too maximize gains at every level/movement/conversion and minimize slippage
I have been collecting bridge/swaps with no fee or smallests fee inwhich to use in this strategy.
The biggest piece im missing is a good miner(eth/bnb?) And a validator to work with, Iād do it myself but i live off grid and my power is not stable enough to be part of any kind of infrastructure
As far as risk goes.. i consider crypto gambling. Makes it much easier to handle spending so much money on things like gas(look in my wallet using a tool like zerion to see how much Iāve paid in gas fees)
Pooltogether is a prize system kinda like a lottery.. a.k.a gambling- Iāve been in it since version 1
Beefy is intriguing because it rides on top of the rest of the market - make money as things move doesnāt matter if they go up or down just so long as they move. Iāve been riding some down as they loose value and Iāve have some that keep going up in value.. strangely im making more on the ones where the underlying assest is loosing value than the ones where the underlying assest is going up in valueš¤ most likely due to more movement of the assest loosing value as people sell it off and Iām getting a tiny fraction each time(watch the movie Office spaceš)
The strategy is working as far as Beefy and Pooltogether parts are concerned; track the wallet address i provided and use tools like blockexplore, zerion, debank, ect to view the different details and history of the various test postions to see the gains/losses
I have a list of tools in my telegram bot, link in my user profile
*i like the graphs and charts better than number lists
For the optional swap positions have them set up to preform a daily check to see if target minimum for withdrawal has been met (basically a certain percent more than the gas to transfer)
If conditions havenāt been met check again in 24hrs and repeat till conditions met or position closed.
