Summary
Launch an index in the PowerPool ecosystem consisting of Yearn vault tokens:
- curve.fi/Compound LP
- curve.fi/3pool LP
- curve.fi/mUSD LP
- curve.fi/GUSD LP
- curve.fi/y LP
- curve.fi/busd LP
Instead of using equal weights – 16.66% – use adaptive weights proportional to vaults TVL [1].
The index serves 2 purposes:
- smothen APY generated by vaults;
- create liquidity sink for yTokens and effectively be the largest exchange pool.
Name and token symbol are up-to discussion.
Note: I propose to hold off with any CVP liquidity mining programs and reconsider this after index launch.
Motivation
Instead of switching between different vaults and paying withdrawal fee users will have access to more stable APY and a way to switch between pools.
Specification
Launch an index in the PowerPool ecosystem consisting of Yearn vault tokens:
- curve.fi/Compound LP
- curve.fi/3pool LP
- curve.fi/mUSD LP
- curve.fi/GUSD LP
- curve.fi/y LP
- curve.fi/busd LP
with name and token symbol defined later. Weights of the underlying tokens will be proportional to vaults TVL. TVL can be accesed by calling balance
function on each of the tokens.
Note: Token weights and token set can be changed in the future via community proposals.
Reference
[1] TVL: https://feel-the-yearn.app/vaults