CFP-2208-19: Auto-compounder & Automated Delta Neutral Strategy to attract TVL & help repeg DUSD (75 000 DFI) #216
Comments
kynkong91
changed the title
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Link to YT video with DeFiChain accelerator team (Santiago & Ben): https://youtu.be/P7jDxi5UuTk |
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signmessage 8cXiD6ye5SPy1EqUF7PiyqQsWsJs5mtMuJ cfp-2208-19-no |
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For-profit-project. Should simply be break even via cost model, not by milking the community fund for an audit that is not necessary. Signing No with all my 10-year-frozen masternodes. Completely committed to DeFiChain with my purchase power. $ defi-cli signmessage 8PSCNqPKdbafJLDTwj9K39fStkvTpqu5oX "cfp-2208-19-no" |
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$ defi-cli signmessage 8MXn7LR75PA8dFny44d1aJHU41LudvA5YP cfp-2208-19-no |
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signmessage 8P24qRzccs9FJXkqrrzPZGa2aNXxqBkrmb "cfp-2208-19-yes" |
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$ defi-cli signmessage 8Jyov8rftj4tJZ8Pfb8UWVpGcENvc54Bbv "cfp-2208-19-no" |
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$ defi-cli signmessage 8Zg2ohcLuvCpotCu7SmEDdksdxEaMKZrKP "cfp-2208-19-yes" |
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$ defi-cli signmessage 8XdPrkNzxqb7itMh4Wqv9DRorgXCmNT2mK "cfp-2208-19-no" |
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$ defi-cli signmessage 8WrWAoAxiVunh8myGioaCEyRa4jT9eXzhX "cfp-2208-19-no" |
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$ defi-cli signmessage 8Zgjtp5UfoRhyF4X7cMUPHUw462wJLRQ7k "cfp-2208-19-no" |
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$ defi-cli signmessage 8YFcW6UoxBoGLpNbmRsV38VRyfPiTyZXow "cfp-2208-19-no" |
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$ defi-cli signmessage 8GVvJb4DeD2du6LtRuuurApoGrrUDsidJL "cfp-2208-19-no" |
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$ defi-cli signmessage 8SuT1zu4NyPXcVE5MrPpTDNNC2urvb63qD "cfp-2208-19-no" |
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signmessage 8Yv2DLTc8Yu8VV3ypC58V26wmRnJ7D6YuB "cfp-2208-19-no" |
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$ defi-cli signmessage 8GGvTvVRkWnsnXzQhMgw7dKQhuS3nSMgiw "cfp-2208-19-no" |
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$ defi-cli signmessage 8UYTLFLKx8gQ5KCkQfebLGULt7UeYY5xie "cfp-2208-19-no" |
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$ defi-cli signmessage 8dHAnJi54oYpvJhsU8S5VwrivBVzRrxigw "cfp-2208-19-no" |
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$ defi-cli signmessage 8ZQSD1W9zPuS5yP6jw6VeWRL51EwZe6wjk "cfp-2208-19-no" |
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$ defi-cli signmessage 8G2w2AWFcVrnemPrDBN5gGfB5Wkh7VtNKo "cfp-2208-19-no" |
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$ defi-cli signmessage 8TNXjkrxucbByZL2uqWV7rSWmcuek3Jxeh "cfp-2208-19-no" |
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$ defi-cli signmessage 8NUNAyzenPZBjCfZZt9UN5ZgAcAHJtSQwh "cfp-2208-19-no" |
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$ defi-cli signmessage 8ap2nRBnB2TMajneshsCrSHj46otNxZCrt "cfp-2208-19-no" |
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$ defi-cli signmessage 8H6fv2NtJQ9Q559rXjkzdZkMceQzdKgyTo "cfp-2208-19-no" |
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$ defi-cli signmessage 8czPe3cQ754FLUsRsuFFV9WaphiSV8gZkJ "cfp-2208-19-no" |
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defi-cli signmessage 8Wk9Yfeyd7C4Nh6FTs6tmGobhBmPzmhmFM "cfp-2208-19-yes" |
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$ defi-cli signmessage 8JAa8Mh7w8mUfCad9sSewuDprepj9T8S63 "cfp-2208-19-no" |
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$ defi-cli signmessage 8V9cHUYsXvzz2neMSFAFL8MfvyMkx78ugp "cfp-2208-19-no" |
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$ defi-cli signmessage 8Ugpq2QZwwSjQRnKscnFB1cmrUP2euh8NF "cfp-2208-19-no" |
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$ defi-cli signmessage 8UiVMtfPTXzVujhgBkrMYmW9NbpHtxL4b1 "cfp-2208-19-no" |
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I don't see how this can be done without giving your password to your funds... which no one would do. |
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defi-cli signmessage "8UsgQBnNpjvjGoearXfXaVX6MNRxfdLGuK" "cfp-2208-19-no" |
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$ defi-cli signmessage 8abBgv8y8G1aCV5hwkfWQVG2h7JJKXHk3P "cfp-2208-19-no" |
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defi-cli signmessage 8Lb2YBdFHTbioN1e3RGf1Vvprrj7da8Srs CFP-2208-19-No IBt4FfTTNMuijjzdJxyrLJuyCN/QSryVv+8G7KxU6fKMQ+azBsxl9HDJyl9nKZvICEwr+A15MERQEkrw3hBkr/g= |
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defi-cli signmessage 8dJLcKddBnwXzzXBLeZLYqzHehfeB8UWa2 "cfp-2208-19-no" |
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$ defi-cli signmessage 8MtLbT2sqST1J9rPWJ5y4P3DdFW9gyh934 "cfp-2208-19-no" |
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defi-cli signmessage 8ZazLdqc7T5au7jgUDhj2YYP2BKzEzcWNL "cfp-2208-19-no" |
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defi-cli signmessage "8RDADmNR1C9zSoyxg1RRn7dBDYc23svxGC" "cfp-2208-19-no" |
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$ defi-cli signmessage 8eCQsyuVQNktcmKwFLRoPY28249kgbicmV "cfp-2208-19-no" |
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$ defi-cli signmessage 8R8e2JwXhoqaFAqbMLHBwAGtHAgZ47RCYF "cfp-2208-19-no" |
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$ defi-cli signmessage 8JahBhn8hjaYjy4bwiW5mK8f6gaJkPCjLG "cfp-2208-19-no" |
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signmessage 8daGYPTDTzMRtUx61uWRjg7p9GECMjuip8 "cfp-2208-19-no" |
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I don't pay for audit. dusd is solved. $ defi-cli signmessage 8Vm9Xt1pB7vzkJdCaJihT4rKKMjmLkdUDC "cfp-2208-19-no" |
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$ defi-cli signmessage 8YBcHsAMiQkVSdmRutroDJYzhmk7XfPrme "cfp-2208-19-no" |
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signmessage 8X9mSBVoeFfsk7XyAJmYCGu4SgrQzMj7Ud “cfp-2208-19-no“ signmessage 8K5EUbUbdpRWH1Tx1tTSpJgXs1x8Bck5vN “cfp-2208-19-no“ signmessage 8SQaHvzkrHik3o9vwF1MdKf2LkdgcicNTD “cfp-2208-19-no“ signmessage 8cfqCfRmN697jMavNmgbJH61tRXNhBXCiM “cfp-2208-19-no“ signmessage 8c3Rdmz1hCSvvSRittYUYQtQQLurX8dzzQ “cfp-2208-19-no“ signmessage 8F8fVhgSHs71NUFvEmhVeYatzayo6YQ1Zw “cfp-2208-19-no“ signmessage 8WnUuKZ7U55HNxmnwZMwzJHggRSy1ZKUKs “cfp-2208-19-no“ signmessage 8XFTnhwwbyM3MA7jLosmiupJfzKvuC8XM8 “cfp-2208-19-no“ signmessage 8LiEQLQCLkv2eTcQ5vmMWszMCXEYBk9GK3 “cfp-2208-19-no“ signmessage 8YfZo7Qow2G6aZFWAzEoWAvxufA7AyYb4i “cfp-2208-19-no“ |
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$ defi-cli signmessage 8cfzcwpwgwtYJAmgpVhRsU8G1YLTdbFCsv "cfp-2208-19-no" |
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$ defi-cli signmessage 8dEUXp1tgAQHK6xtGZu4xk3NpL1U1P7z5T "cfp-2208-19-yes" |
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signmessage 8Na88Ha7bbySMwQR1TjExB6iu4nSAJ6wy3 "CFP-2208-19-no" |
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signmessage 8XJ4TUFpZNTZBSMJtP4Zam4gDMv9nXajB1 "cfp-2208-19-no" |
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$ defi-cli signmessage 8FzR1vtCgqp7moFnATtptcSZbgsRhsQjnz "cfp-2208-19-no" |
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Votes of the DFX Community Individual votes can be viewed transparently here: Votes: |
mnstate_validate.log |
and others
Overview
1. Background
Aperture Finance is a proven team of DeFi structured product builders that would like to create great utility for DUSD by creating an auto-compounder and an automated delta neutral strategy for synthetic tokens on DeFiChain (main net). The idea for this delta neutral strategy came out of a strategy contest run on the YouTuber “The Calculator Guy’s” private Discord called Defi Dojo.
Although outside the scope of this CFP - Aperture would also connect the auto-compounder and DNS to their web app (app.aperture.finance) by creating a Metamask on-ramp to these 2 yield opportunities. This would give DeFiChain access to 8K+ existing Aperture users.
More on Aperture:
Aperture’s initial strategy on Terra Classic was a Delta Neutral vault utilizing Anchor and Mirror (and is very similar to the DNS we would like to build on DeFiChain). Many teams announced they would build this strategy, but ultimately, Aperture was the only team to [successfully implement](https://twitter.com/stablekwon/status/1512322291186634761?s=20&t=R5Y8ENhhd5_9qWNzFXKGXg) the more complex capital efficient version described here [by the YouTuber Danku_r](https://www.youtube.com/watch?v=na6fYbnl308&t=518s). The strategy peaked at $120M in TVL only four weeks after launching. The signature technical feat of the strategy was the ability to monitor oracle pricing in each block and in real-time adjust each user's individual position if prices materially went up (liquidation risk) or down (impermanent loss risk). This feature allowed thousands of retail investors and dozens of whales and institutions to use the strategy, knowing that they could “set it and forget it”. Just prior to the UST depeg event, some of the largest books in DeFi, from funds to yield platforms, were actively using Aperture’s vault to execute this delta-neutral strategy, with one Celsius wallet, in particular, having a $10M+ position on Aperture.
Aperture’s core team of founding developers come from senior roles at Google, Netflix and Amazon and have 4 medal winners from the National Olympiad in Informatics, Mathematics, and Physics. More information on the core team can be found at https://aperture.finance/
2. Strategy Descriptions
Auto-Compounder: automatically claim & reinvest reward tokens back into any LP position on DeFiChain (example: Beefy.Finance)
Delta Neutral Strategy: allows users to LP on DeFiChain assets while hedging exposure to impermanent loss and / or liquidation risks (associated with decreases or increases in price of underlying volatile asset). Aperture automatically opens the position and will rebalance when necessary to avoid liquidation risk or material impermanent loss.
3. Execution
4. Fund Allocations
In total, we are asking for 75,000 DFI.
The purpose of these funds are to cover any audit costs associated with the project (which run $50K-$100K) & to hedge any risk Aperture might face by building on a chain with an unpegged stable coin.
5. How does this CFP benefit the DeFiChain Community?
This CFP will benefit the community in the following ways:
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