On-boarding and off-boarding are used to offset the slippage costs that the strategy incurs to swap the user tokens into the required notional and build the trade, hence they protect every other LP in the Vault.
You can simply read that as: Swap costs are not socialized within the Vault, every user pays for their own slippage the moment they deposit, or withdraw.
The performance fee is now being re-invested into bribes for keeping the yields sustainable!
The ETH Yield-Machine
✅ 10% on ETH
✅ Grows BOLD supply
✅ Improves BOLD liquidity
✅ Pays bribes to LQTY stakers for 3 months❗
A new PIL initiative has been proposed to boost the new ETH carry vault on @ipor_io, which has quickly attracted $1.5M in TVL
Let's break it down
The ETH Yield-Machine
✅ 10% on ETH
✅ Grows BOLD supply
✅ Improves BOLD liquidity
✅ Pays bribes to LQTY stakers for 3 months❗
A new PIL initiative has been proposed to boost the new ETH carry vault on @ipor_io, which has quickly attracted $1.5M in TVL
Let's break it down
🚨Big News for our ETH Carry Vault live on @ipor_io.
Sentinel will reinvest 100% of our initial management and performance fee proceeds into @LiquityProtocol's PIL program.
Read all benefits for $LQTY holders & all vault depositors here:
https://t.co/i9b9Wdrg60
This initiative is designed to benefit:
• All $ETH Vault depositors
• @LiquityProtocol users
• $LQTY voters
• $BOLD liquidity & Liquity's TVL
We’re proud to support this ecosystem.
Fusion featured on @ethereumfndn live show.
Presented by @LiquityProtocol: liquidity mechanics, carry trade automation, and how Fusion strengthens their ecosystem.
OG DeFi is running the best carry trade.
The @Sentinel_codes team on @ipor_io built a strategy combining @LiquityProtocol and @CurveFinance while the rest of DeFi piles into RWAs.
I spoke with @Liscivia_ about this today and I learned a lot. One thing I genuinely didn't know before: how Liquity v2 orders redemptions.
The first rule most people know: low interest rate troves get redeemed first.
But there's a second variable: Stability Pool coverage.
> Redemptions are distributed based on each branch's "outside debt" (BOLD minted minus BOLD in its Stability Pool).
> Example: a branch with 10M BOLD minted and 5M in its SP has 5M outside debt, while a branch fully covered by its SP has 0M and is effectively shielded.
> Result: redemptions concentrate on undercovered branches, while fully covered ones remain untouched.
These guys are so smart, and I want them to build a Bitcoin yield product next 👀
Proudly built on @ipor_io's Fusion, @LiquityProtocol and @CurveFinance.
Permissionless and transparent tech infrastructure powering the hard-core of modern DeFi.
Upwards! 📈
The Liquity ETH Carry strategy sourcing yield from @LiquityProtocol and @CurveFinance ecosystems has seen rapid growth over the past week.
Under the current incentives structure, it is becoming a user favourite on Mainnet.
Operated by @Sentinel_codes on Fusion.