<aside> 💡 This vault uses the interest earned on popular yield aggregators to take levered positions on derivative instruments to create an enhanced return.

</aside>

Now Live: degen.brahma.fi

Vault Details

Base Asset: ETH/WETH

Fees: There are no fees charged in this vault.

Contract: Deposit Contract :0x47c84A87A2a972769cc5DeDa28118617E3A48F8C

Stablecoin Pool: ETH/sETH (Staked on Convex) Pool Contract Address: 0xDC24316b9AE028F1497c275EB9192a3Ea0f67022

Derivative Trading Venue: Lyra Finance

Derivative Trading Strategy:

1-week at-the-money ETH options (calls if the signal is bullish, puts if the signal is bearish) are purchased on Lyra Finance. The bullish signal is determined by a simple momentum indicator. In weeks where the Implied Volatility premium is outside the desired range, no trade is taken.

Harvest Frequency: Yield from Convex is harvested weekly

How does it work?

• User deposits ETH or WETH in the vault via batcher (0xAa0508FcD0352B206F558b2B817dcC1F0cc3F401)
• The vault takes a position and deposits that into the best-performing yield aggregator supporting the asset. (Current pool: Curve ETH-sETH ~Staked on Convex)
• The strategy routinely takes the interest earned by the pool and deploys in the derivative protocols (Weekly generated yield is bridged to Lyra Finance and options are purchased using a momentum strategy )
• The interest is bridged and transferred across protocols and chains by the Brahma smart contracts. (Currently, we use socket.tech to bridge across chains)

Got Questions?

For queries, head to le FAQs here