Live Metrics

https://dashboard.exponent.cx/d-solo/Qv1UE8m4k/fennec-stash-metrics?orgId=1&kiosk=&row=Pool-Dollar-Yield&from=1660724317198&to=1660810717198&theme=light&panelId=29

https://dashboard.exponent.cx/d-solo/Qv1UE8m4k/fennec-stash-metrics?orgId=1&kiosk=&row=Pool-Dollar-Yield&from=1660724348823&to=1660810748823&theme=light&panelId=23

https://dashboard.exponent.cx/d-solo/Qv1UE8m4k/fennec-stash-metrics?orgId=1&kiosk=&row=Pool-Dollar-Yield&from=1660724401883&to=1660810801883&theme=light&panelId=27

Primitives

Protocols

Curve

Convex

Assets

DAI

USDC

USDT

LUSD

FRAX

ALUSD

Description

<aside> 💡 Pool Dollar Yield is a risk-adjusted return strategy that diversifies stablecoins across 3 Curve Pool based pairs to earn yield on Curve and Convex

</aside>

About the Strategy

This strategy is built with a few principles in mind:

Principal protected – Risk management measures (including auto-risk off) are implemented that prioritize safety.
Risk-adjusted yield – Vault autonomously rebalances across different curve pools to optimize returns.
Realtime – Users can seamlessly enable, disable and update strategy at any time.

When stablecoins are deposited into Fennec Stash Vault, users can enable or disable Pool Dollar Yield Strategies. When enabled, stablecoins are deployed to one or many Curve meta-pools and stake through Convex. As the conditions of the market changes, the contract may rebalance between different Curve pools to optimize the yield earned or to risk off.

The strategy only routes to pools that fits the inclusion criteria and follows our on-chain metrics

APY Targets

Variable yield, based on aggregate CVX CRV emissions and Curve LP fees.

Rebalance

Stablecoins are diversified and staked across Curve gauge pools to accrue rewards and compound positions in CVX and CRV. Rebalance takes place under the following conditions:

Change in liquidity on Curve.
Change in distribution of rewards in CRV and native tokens. Particularly, if 3 months average of a new pool exceeds 1% of the current pool (including rebalance fee costs).
Changes in pool composition (balance).

Inclusions Criteria

Stablecoins and DeFi protocol must satisfy the following inclusion criteria to be considered for the Pool Dollar Yield strategy.

Smart Contract
Liquidity
Credit
Custodian

Operations

Assets are kept in your Fennec Stash vault.
Deposit and withdrawal can be done through USDC. Accepting the Pool Dollar Yield strategy means converting deposit to other forms of stablecoins.
The gas cost for deposit and withdrawal is borne by the vault owner.

Governance

Updates to the rebalancing strategy will be notified to the vault owner. The owner can choose to accept or decline.
Operation and maintenance of vault infrastructure and risk monitoring is done initially by the Exponent core team.