randworld / gammafarms Goto Github PK

Technical project readme

Deployment: https://gammafarms.eth.limo

IPFS: ipfs://bafybeihg3bie7qpposgs3vxbjup6warzzbpf2qivb3qjdcsumq4qay3q7m/#/

Code on Etherscan

For a long time I was personally yield farming LUSD inside stability pool since I consider it the only reliable decentralised stable-coin which can't be easily corrupted by gorvernance. Though providing LUSD to stability pool also has 2 pit falls:

1. You can loose money if LUSD trades above 1.02$ during liquidations.
2. You have to often rebase your position disposing of ETH(from liquidations) and LQTY(from yield farming).

To address (1) there's a script implemented which pulls LUSD from stability pool if next oracle update can cause a loss of funds via liquidations. To address (2) and keep rebase costs low relative to farm's size I've decided to make this gamma farm public.

To bootsrap the farm the plan is to use same worthless shit-coin that was distributed among early users of my previous projects: MAL token

Early users of BetaRPC endpoint and winners of AlphaMEV contest also received same useless token repsenting fractional ownership of few pixels.