Ricochet Tokens

Screenshots

Problem Statement

Ricochet Tokens at stake LP tokens that automatically claim rewards for you show they just show up in the holders wallet. This implementation is for the StakeDAO Polygon Passive USD Strategy (sdam3CRV) which earns SDT rewards when staking at StakeDAO's LP farm. Upgrade sdam3CRV to sdam3CRVrex and the SDT tokens will just appear in your wallet every 1 hour. Rewards are claimed for all sdam3CRVrex holders using a single transaction and are distributed to holders using Superfluid's instant distribution agreement. sdam3CRVrex token holders receive their SDT rewards in near-realtime automatically, rather than clicking "claim" and executing a transaction on StakeDAO every day/week/month to claim your rewards

Solution

Ricochet Tokens are modified SuperTokens created by Superfluid. This project targets StakeDAO's Passive USD Strategy on Polygon because it's a great yield bearing token and it's eligible for StakeDAO LP Farming rewards. The token contract distributes tokens to holders using Superfluid's Instant Distribution Agreement.