Layer 2 Finance Combination Strategy
A layer 2 finance strategy combining both cream and compound protocol to achieve optimal yield
Problem Statement
Currently, layer 2 finance only support strategy with a single protocol, and users need to manually redistribute balance to another strategy to achieve higher yield. The project creates a strategy for Celer layer 2 finance by combing cream and compound protocol to achieve optimal yield. It can also help reduce operations for user to rebalance saving.
Solution
The project is mainly built based on layer 2 finance strategy interface, and cream/compound protocol. It also uses Uniswap to trade COMP/CREAM to stable coin and reinvest into the lending protocol. The way how it works is that It is able to auto commit to the protocol with higher yield, and uncommit fund from the protocol with lower yield. It also support redistribute fund from lower yield protocol to high yield protocol.
Hackathon
Scaling Ethereum
2024
Contributors
- Dominator008
46 contributions
- xiaozhou
40 contributions
- i9
19 contributions
- thashimoto1998
8 contributions
- hezhihua81
1 contributions
- patrickmao93
1 contributions