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ETHMAXI
ETH vault using derivatives to boost Liquidity Provider yield.
πŸ’‘ This vault uses the yield earned from liquidity provision "base yield" to take leveraged derivatives positions to create an enhanced return while keeping users' principal in blue-chip liquidity pools with active risk monitoring.

Vault Details

Product Link: ETH MAXI​
Base Asset: ETH
Onboarding Chain: ETH
Strategy Chains: ETH + Optimism
Strategy Type: Boosted Liquidity provision Yield
Derivative Trading Venue: Lyra Finance​
Frequency: The strategy runs on weekly cycles
Fees: No Fees
Contracts: Deployed Contracts​
Liquidity Pool: Curve ETH-sETH (Staked on Convex) Pool Contract Address​
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Vault Cycles

  • User deposits ETH or WETH in the vault on the ETH mainnet
  • The principal is allocated to liquidity pools optimized for risk, liquidity, and yield by the vault.
  • The vault harvests the interest earned in the pool weekly, bridges it to Optimism, and uses it to purchase options on Lyra Finance using a momentum trading strategy; 1-week at-the-money ETH options (calls if the signal is bullish, puts if the signal is bearish.
  • The interest is bridged and transferred across protocols and chains by the Brahma smart contracts. (Currently, we use socket.tech to bridge across chains)
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Outline
Vault Details
Vault Cycles