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Create a leveraged yield farming strategy for IdlePerpYieldTranches

Blockchain
Finance
Ethereum

Organization

Idle DAO

Deadline

N/A

Status

DRAFT

8000 USDC
Paid in IDLE

INSTRUCTIONS

The strategy should repeatedly lend and borrow the same asset on a lending protocol to maximize the yield from the governance rewards.

The senior tranche should be protected in the extreme circumstance when a liquidation event occurs by the capital of the junior tranche.

The strategy should ideally be compatible with the current IdlePerpYieldTranches here (https://github.com/Idle-Labs/idle-tranches/tree/master/contracts IdleCDO.sol) or with minimal changes.

ABOUT IDLE DAO

Idle bundles crypto-assets (ETH, WBTC, and stablecoins) into tokenized baskets that are programmed to automatically rebalance funds according to different management strategies.