0x0cec743b…02a7sent to0x1872b969…9261·#11,668,322·view on Etherscan
Proposal 18: Create Yearn Lazy Ape Index
Summary
Launch an index in the PowerPool ecosystem consisting of Yearn vault tokens:
1. curve.fi/Compound LP -https://etherscan.io/address/0x629c759D1E83eFbF63d84eb3868B564d9521C129#code
2. curve.fi/3pool LP - https://etherscan.io/address/0x9cA85572E6A3EbF24dEDd195623F188735A5179f#code
3. curve.fi/mUSD LP - https://etherscan.io/address/0x0FCDAeDFb8A7DfDa2e9838564c5A1665d856AFDF#code
4. curve.fi/GUSD LP - https://etherscan.io/address/0xcC7E70A958917cCe67B4B87a8C30E6297451aE98#code
5. curve.fi/y LP - https://etherscan.io/address/0x5dbcF33D8c2E976c6b560249878e6F1491Bca25c#code
6. curve.fi/busd LP - https://etherscan.io/address/0x2994529C0652D127b7842094103715ec5299bBed#code
Instead of using equal weights -- 16.66% -- use adaptive weights proportional to vaults TVL [1].
Proposed name "Yearn Lazy Ape Index" with token symbol "YLA".
The index serves 2 purposes:
- smoothen APY generated by vaults;
- create liquidity sink for yTokens and effectively be the largest exchange pool.
Note: I propose to hold off with any CVP liquidity mining incentives and add rewards with another proposal if necessary.
Motivation
Instead of switching between different vaults and paying withdrawal fee users will have access to more stable APY and a way to switch between pools.
Specification
Launch an index in the PowerPool ecosystem consisting of Yearn vault tokens:
1. curve.fi/Compound LP -https://etherscan.io/address/0x629c759D1E83eFbF63d84eb3868B564d9521C129#code
2. curve.fi/3pool LP - https://etherscan.io/address/0x9cA85572E6A3EbF24dEDd195623F188735A5179f#code
3. curve.fi/mUSD LP - https://etherscan.io/address/0x0FCDAeDFb8A7DfDa2e9838564c5A1665d856AFDF#code
4. curve.fi/GUSD LP - https://etherscan.io/address/0xcC7E70A958917cCe67B4B87a8C30E6297451aE98#code
5. curve.fi/y LP - https://etherscan.io/address/0x5dbcF33D8c2E976c6b560249878e6F1491Bca25c#code
6. curve.fi/busd LP - https://etherscan.io/address/0x2994529C0652D127b7842094103715ec5299bBed#code
with name "Yearn Lazy Ape Index" and token symbol "YLA". Weights of the underlying tokens will be proportional to vaults TVL. TVL can be accesed by calling `balance` function on each of the tokens.
Note: token weights and token set can be changed in the future via community proposals.
Reference
[1] TVL: https://feel-the-yearn.app/vaults