ETH-DAI

General Information
ETH-DAI strategy is available at: https://forcedao.com/strategies​
Category
Details
Symbol
xETH-DAI
Risk Profile
Low
Strategy
Pooling + Compound Interest
Protocols
SushiSwap
How does the strategy make money?
All Force "Yield Automation" strategies generate revenue by investing the asset a user deposits, into an "incentivized" financial market.
In the case of the ETH-DAI strategy, the  "incentivized" financial market is SushiSwap, where yield is generated by:
Pooling Fees: Native APY generated by providing liquidity to SushiSwap's ETH-DAI AMM pool.
Compound Interest: Liquidating the SUSHI incentive rewards in exchange for ETH-DAI LP tokens, which is then reinvested into the user's original position.
How does the reward boost work?
After a user deposits SushiSwap's ETH-DAI LP tokens into the vault, the contract automatically mints and transfers xETH-DAI tokens into the user's wallet.
The xETH-DAI tokens can then be "staked" into the rewards pool, where the user can then benefit from additional token rewards in the form of xFORCE.
xFORCE are the interest-bearing version of FORCE. xFORCE yield is generated by a buy back mechanism outlined in the economics section.
Step-By-Step Explainer
1.To invest into the strategy, users deposit Sushiswap ETH-DAI LP tokens into the vault contract.
2.Upon deposit, they are issued a share of the vault, represented by xETH-DAI. These user's funds are then made available for investment according to the pre-defined "strategy" above.
3.User's are able to deposit their xETH-DAI tokens into the "Rewards Pool" to receive an additional APY in xFORCE tokens.
Contracts
Type
Address
Vault
      0xC6961B88fD9B9C7e6A345821250a67E8e9CAb73c​
Underlying
      0xc3d03e4f041fd4cd388c549ee2a29a9e5075882f​
Rewards Pool
      0x5Bf886f98d83E53AAB06f831b8A153430de6c847​
​

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Last modified 1yr ago

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General Information

How does the strategy make money?

How does the reward boost work?

Step-By-Step Explainer

Contracts