Yieldoor

The Platform for Leveraged Yield Farming

[deadrosesxyz @deadrosesxyz]

update regarding @YieldoorFi

in the past few months i hadn't really put a lot of time and effort into it. Yields were dry, protocol fees are low % and it simply didn't make financial sense to pour a lot of time and effort into it.

that pause made one thing clear - Yieldoor had a structural issue. it effectively had only one truly useful vault, and its architecture was a bit of a mess. It was able to do only a single thing well and was definitely not built with modularity planned.

i realized that this is the wrong approach and the Yieldoor vault contract has been rewritten with DeFi modularity planned this time - allowing a single vault to be safely reused with many different strategies, without compromising security or clarity.

although yields atm are still dry, i realized that this is the perfect moment to build a good yield product - trustless, built with security in mind and allowing for optimized yield farming. There's been a ton of hacks recently, and truth is that we're likely going to see many more. Protocols tried cutting down on audit/ dev costs, by simply sticking to simple vaults which just do arbitrary (whitelisted) calls or even just simple EOAs doing whatever farming they want and manually reporting NAV every now and then. That approach is fundamentally flawed and unsustainable.

the old Concentrated Liquidity Management vaults were also not good enough. unfortunately, i don't see a way to make them truly a good product, so they will be deprecated. Whoever still has some money in them, can withdraw them through the UI within the next month. After that, they will be removed from the UI. If anyone needs help withdrawing their funds after that, feel free to contact me.

the current live Loop Vault will not be rolled over after the current PT tokens mature on February 4th. Instead, in the following few days a new Loop Vault will be deployed. Users would need to manually migrate to the new vault.

many other vaults will come right after. the plan for Yieldoor is to become the 1-click solution for safe, sophisticated yield farming.

[deadrosesxyz @deadrosesxyz]

rolling over that same 10x leveraged position manually would incur:

- 9x swap fees on SUSDE -> usde to repay the debt. assuming a 0.01% fee, that’s 0.09%
- 9x swap fees when entering new position usde -> susde. (another 0.09%)
- buying PTs directly on pendle would have 10x 0.02% fee. contract splits into PT+YT and later limit order sells the YTs with no fees.

and there’d even likely be a spread on the swaps too

[Yieldoor @YieldoorFi]

5 days ago, our Loop Vault rolled over a $1.5m Looped PT-SUSDE position.

If done manually, that would’ve cost over 0.4% in fees.

Thanks to our optimized vault, users saved more than $6,000 in rollover fees!

[Yieldoor @YieldoorFi]

Furthermore, once the PT tokens reach their expiry date, they will be automatically converted to their September version.

The vault will not incur any fees to repay the debt, as it will simply be transferred to the new collateral tokens.

[Yieldoor @YieldoorFi]

Today, our USDC Loop Vault bought >$3m worth of PT-SUSDE (July) tokens at implied rate of ~14.8% (post-fees).

The vault has taken a loan against them on Aave, where borrowing rate is 5%.

The Looped Assets are now earning >100% APY until the end of the month.

[Yieldoor @YieldoorFi]

Link to the Vault:

https://t.co/hOc2Ad141w

[Yieldoor @YieldoorFi]

Our USDC Loop Vault has been upgraded to v1.1 🥳

Users will now be able to enjoy higher and more consistent yields.

But how?

[Yieldoor @YieldoorFi]

Other noteworthy features:

- Withdraw requests have now been implemented. Users can request to withdraw at any time and their request will be executed in 1-3 days.
- Deposit cap is now increased to $2,000,000.
- UI will now more accurately display user's holdings.

[Yieldoor @YieldoorFi]

Loop Vaults v1.1 will be live very soon. The update will include:

- Higher deposit cap.
- More liquidity to tap into.
- Rebalancing positions between Morpho and Aave.
- Limit Orders guaranteeing best possible purchase price.

You don't want to miss this out 👀

[Yieldoor @YieldoorFi]

Our Looped USDC Vault has over $400,000 in deposits with APY at ~27% 💸

The vault has a deposit cap of $500,000👀

[Yieldoor @YieldoorFi]

It's been less than a week since the deployment of our USDC Loop Vault and it's currently sitting at >$250,000 TVL and remains consistently at ~30% APY.

But where does the yield actually come from?

Here's a brief summary of what is going on under the hood 👇

[deadrosesxyz @deadrosesxyz]

A yield enjoyooooor just deposited $111,000 in @YieldoorFi USDC Loop Vault 🤯

they must know something 🤔

[Yieldoor @YieldoorFi]

Another day later and the vault is still sitting at above 30% APY 💸

[Yieldoor @YieldoorFi]

1 day after launch, our Looped USDC Vault is sitting cozy at 37% APY and $83,000 TVL 🔥

[Yieldoor @YieldoorFi]

Link to vault:

https://t.co/hOc2Ad141w

[Yieldoor @YieldoorFi]

1 day after launch, our Looped USDC Vault is sitting cozy at 37% APY and $83,000 TVL 🔥

[Yieldoor @YieldoorFi]

Check out the USDC Loop Vault on Mainnet:

https://t.co/hOc2Ad141w

[Yieldoor @YieldoorFi]

Loop Vaults are now live on Mainnet!

Current APY is ~25%. Pure stablecoin yield. Initial Deposit Cap is $500,000.

But what exactly are Loop Vaults?

[Yieldoor @YieldoorFi]

Important: Withdrawing out of Loop Vaults is not possible at all times. All funds are put into use and in order to maximize profits, positions are meant to be withdrawn only around PT expiry dates. Next expiry date is July 31st.

Depositors should be aware they might not be able to withdraw their position until then.