Contract Level

Built & operating Yieldcoin - - with CRE & CCIP | @chainlink Chromion grand winner | Featured by @CyfrinUpdraft | Looking for work

[Contract Level @contractlevel]

Yieldcoin is live with @chainlink CRE & CCIP, optimizing USDC across 12 Aave/Compound markets on 6 chains https://t.co/igDcZ3aRl1

I designed, built, tested, formally verified, took through audit, launched, and operate it.

I'm looking for work. Yieldcoin is open to opportunity.

[Contract Level @contractlevel]

Thank you @chainlink for awarding YieldCoin the grand prize in the Chromion hackathon! We all know the entire world is going to run on Chainlink, so this is a great honor, and (was) a personal life goal.

Thank you @CyfrinUpdraft for the resources to learn invariant testing, formal verification, and the security first approach!

Thank you @concero_io for inspiring the idea, Parent-Child architecture, and custom CCIP tx types!

Thank you everyone for the support!

YieldCoin development continues alongside researching a proposal for the vLEI hackathon, Contract Level Identity (name pending review): A Decentralized Fuzzy Extractor, to address the critical need for absolute sybil-resistance by consensus - an inherent requirement for onchain identity and compliance.

Read the YieldCoin dev notes taken during the hackathon here: https://t.co/ABJjDAS4Zv

[Contract Level @contractlevel]

Settlement delay fixed by handling state either side of an event. All paths fully operational without delay.

Yieldcoin live for 25 days
Total return: 0.37%
Annualized return: 5.4%
Rebalances completed: 9
Epochs settled: 5

[Contract Level @contractlevel]

Yieldcoin's CRE workflow didn't account for timing mismatch between finalized state and finalized event, causing delayed settlement

recovery is easy but will take a few days due to timelock msig setup 🤡🤡🤡
should've run through complete finalized withdraw cycle before handing off to the timelock

this is why the system is only operating with my own money for now

[Giovanni Di Siena @giovannidisiena]

Incredible. It's a great day to be a Solidity dev!

[Contract Level @contractlevel]

@0xusmanf clicking buttons is harder than it sounds

[Contract Level @contractlevel]

@chrisloefflerII gm to everyone who built infrastructure with $link reserves

[Contract Level @contractlevel]

depositing into compound (and aave) is currently paused
yieldcoin's recovery explicitly handles situations like this - if the system automatically attempts to move funds into a paused protocol, the failed tx is saved in state and can be permissionlessly retried

[Compound Foundation @Compound_xyz]

New supplies to affected Compound markets are temporarily paused as a precaution following the reported security incident on Ethereum mainnet. Follow updates on the Compound forum: https://t.co/sL88RQWDXJ

[Contract Level @contractlevel]

@0xSwish Makes sense for financial infrastructure to have $link reserves

[Contract Level @contractlevel]

this is happening at the same time yieldcoin's active strategy is persisting as aave v3 on avalanche, whilst delayed epoch settlement awaits timelock button clicking to advance state and allow rebalances to continue

rebalance wouldnt be able to execute whilst aave is paused anyway

net apy was recently 12%, now down at 9%

[Stani @StaniKulechov]

As a precautionary measure following the Binance incident, Aave markets have been temporarily frozen.

All assets are safe, and all positions remain overcollateralized.

We are closely monitoring the situation and will unfreeze markets as soon as feasible.

[Contract Level @contractlevel]

Yieldcoin's CRE workflow didn't account for timing mismatch between finalized state and finalized event, causing delayed settlement

recovery is easy but will take a few days due to timelock msig setup 🤡🤡🤡
should've run through complete finalized withdraw cycle before handing off to the timelock

this is why the system is only operating with my own money for now

[Contract Level @contractlevel]

@ledgersable @Compound_xyz @base uh ok
thanks for the ai engagement

[Contract Level @contractlevel]

rate for @Compound_xyz on @base spiked around last night's rebalance then tapered off to below 3% net apy

this is acceptable every now and then but if it happens consistently, I'd investigate and reconfigure rebalance frequency because about 14 hours later, the active strategy was ranked 9/12

net apy back above 4% now and compound on base is 1/12 (this occurred naturally without a rebalance)

yieldcoin's annualized return sitting at 5.27% after 12 days live in production

[Contract Level @contractlevel]

@kekspawn @Compound_xyz @base Thanks

it's a shitcoin that only goes up. you put money in and then you take more money out

in the background theres some sophisticated crosschain defi protocol that actually uses $link

but the core ux is shitcoin goes up

[Contract Level @contractlevel]

@0xNofeaar @Compound_xyz @base quite fun watching it happen in realtime, often the optimal strategy will fluctuate between rebalances, but the active generally sits close to optimal for its duration

[Contract Level @contractlevel]

@boardyai @Compound_xyz @base thanks for the engagement boardy!

[Contract Level @contractlevel]

shout out to @Compound_xyz on @Optimism
2nd time yieldcoin has rebalanced into this strategy in the last week
bridge time with @chainlink CCIP took 12 seconds: https://t.co/PGgUdHGows

[Contract Level @contractlevel]

when the net apy drops to 3.8% but the next yieldcoin rebalance is about to execute

[Contract Level @contractlevel]

when the net apy drops to 3.8% but the next yieldcoin rebalance is about to execute

[Contract Level @contractlevel]

@boardyai thanks boardy - that's after the protocol takes its 1% fee

know anyone who'd be interested in this infrastructure? it's cheap and lightweight to run. I am open to any commercial opportunities, strategic partnerships etc

I'm also available for work

[Contract Level @contractlevel]

Yieldcoin has been live for 10 days and has currently delivered a net annualized return of 5.41%
https://t.co/igDcZ3bpaz

[Contract Level @contractlevel]

Yieldcoin is live with @chainlink CRE & CCIP, optimizing USDC across 12 Aave/Compound markets on 6 chains https://t.co/igDcZ3aRl1

I designed, built, tested, formally verified, took through audit, launched, and operate it.

I'm looking for work. Yieldcoin is open to opportunity.

[Contract Level @contractlevel]

@DonladRook @chainlink 🫡

[Contract Level @contractlevel]

Yieldcoin is live with @chainlink CRE & CCIP, optimizing USDC across 12 Aave/Compound markets on 6 chains https://t.co/igDcZ3aRl1

I designed, built, tested, formally verified, took through audit, launched, and operate it.

I'm looking for work. Yieldcoin is open to opportunity.

[Contract Level @contractlevel]

Thank you @chainlink for awarding YieldCoin the grand prize in the Chromion hackathon! We all know the entire world is going to run on Chainlink, so this is a great honor, and (was) a personal life goal.

Thank you @CyfrinUpdraft for the resources to learn invariant testing, formal verification, and the security first approach!

Thank you @concero_io for inspiring the idea, Parent-Child architecture, and custom CCIP tx types!

Thank you everyone for the support!

YieldCoin development continues alongside researching a proposal for the vLEI hackathon, Contract Level Identity (name pending review): A Decentralized Fuzzy Extractor, to address the critical need for absolute sybil-resistance by consensus - an inherent requirement for onchain identity and compliance.

Read the YieldCoin dev notes taken during the hackathon here: https://t.co/ABJjDAS4Zv

[Contract Level @contractlevel]

@ZealynxSecurity @chainlink fv covered crosschain state machine, accounting/solvency, every identifiable execution path, revert, event, state change etc

https://t.co/7hztKbCbqf

(please tell me you already knew that 😳😳😳)