Authors: Vanilla#2222
Date Created: 04/08/2023
Date Posted: 04/08/2023
SUMMARY
The launch of BNB Vaults V2 has sparked immense interest and popularity within the Defi space. To sustain and build upon this success, a new strategy is being meticulously prepared for deployment.
BACKGROUND
Our primary goal is to improve performance of the protocol with controlling risk and security.The new strategy is Land-Borrow-Farm approach. The strategy interfaces with PancakeSwap 3 and Venus protocols, utilizing the deposited funds as collateral to lend assets. Then we participate as a liquidity provider on PancakeSwap by spread assets to its liquidity pools and make a staking.
Furthermore, our strategy works with on-chain automated active position manager for concentrated liquidity. This ensures that our position in the liquidity pool is consistently adjusted for optimal returns, with the whole process being automated and verifiable directly on the blockchain.
MISSION & VALUES ALIGNMENT
This proposal is part of our primary mission — speed and security of profit generation enabled by crypto assets.
SCOPE OF WORK
Scope of work to includes but not necessarily limited to the following:
We plan to deploy a fresh series of LBF contracts. These new contracts will be seamlessly integrated into our existing multi-strategy V2 contract infrastructure. It will be connected to BNB and USDT tokens multilogics:
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0xAaC6dc88E23718a73f894C6a461693330D509a9e
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0xB7b8B7567e8E3aD098F4ddf977bf349b38AB3CEF
FINANCIAL IMPLICATIONS
0.5 BNB for deployment
POLL
Yes – If this proposal passes, Bolide will follow the proposed usage of funds as described above.
No – If this proposal rejects, it will go back for further discussion to align on the required changes before the updated proposal is re-sent for review.