Live metrics, factsheet and relevant strategy details for Safe Dollar Yield strategy

Live Metrics

https://dashboard.exponent.cx/d-solo/Qv1UE8m4k/fennec-stash-metrics?orgId=1&kiosk=&row=Pool-Dollar-Yield&from=1660723166868&to=1660809566868&theme=light&panelId=6

https://dashboard.exponent.cx/d-solo/Qv1UE8m4k/fennec-stash-metrics?orgId=1&kiosk=&row=Pool-Dollar-Yield&from=1660723298580&to=1660809698581&theme=light&panelId=4

https://dashboard.exponent.cx/d-solo/Qv1UE8m4k/fennec-stash-metrics?orgId=1&kiosk=&row=Pool-Dollar-Yield&from=1660723205258&to=1660809605258&theme=light&panelId=9

Primitives

Protocols

Aave V2

Aave V2

Compound V2

Compound V2

Assets

DAI

DAI

USDT

USDT

USDC

USDC

Description

<aside> 💡 Safe Dollar Yield is a risk-adjusted return strategy that diversifies stablecoins across different lending protocols to earn yield.

</aside>

About the Strategy

This strategy is built with a few principles in mind:

  1. Principal protected – Risk management measures (including auto-risk off) are implemented that prioritize safety.
  2. Risk-adjusted yield – Vault autonomously rebalances across different lending markets to optimize returns.
  3. 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 Safe Dollar Yield Strategies. When enabled, stablecoins are forwarded to a diversified set of yield-earning sources. As the conditions of the market changes, the contract rebalances between sources to optimize the yield earned.

The strategy only routes to reputable lending primitives in the Ethereum ecosystem.

APY Targets

target a variable yield

Rebalance

Stablecoins are diversified and staked across lending protocols currently includes AAVE, Compound. Initially stablecoins are diversified across USDC, DAI and USDT.

Rebalance takes place under the following conditions:

  1. Changes in relative Utilization Ratio AND liquidity.
  2. Alternative pool(s) APY difference based on a mean-average reaches more than 1% of the existing pool, covering the period of 3 months.
  3. Previous intra-strategy level rebalance took place over 90 days prior.
  4. Capital in the existing pool experiences risks that cross a predetermined threshold.

Inclusions Criteria

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

Operations

Governance