Symbiotic Convex ETH jar | Voters

Symbiotic Convex ETH jar

complete

Wunderbernd

Currently we have the stETH farm, we could upgrade the farm with CVX. Deposit the CRV tokens in the CVX farm, sell 10-20% for more ETH, restake the other rewards and autocompound them.

June 24, 2021

leekuanjew | pickle.finance 🥒

marked this post as

complete

this was implemented but as a traditional auto-compounding strategy. Migration was successful and users are now earning additional yield from CVX and boosted CRV rewards.

leekuanjew | pickle.finance 🥒

marked this post as

in progress

leekuanjew | pickle.finance 🥒

marked this post as

under review

we will discuss upgrading this strategy in our weekly planning.

sevenz

leekuanjew | pickle.finance 🥒: I believe this can be pursued since we get a "ok" if we want to make a competing jar? Dont have to go to yearn route

leekuanjew | pickle.finance 🥒

sevenz: we are on it already, hopefully it'll come out early next sprint

sevenz

Is that possible for smart contract to deposit the CVX? If yes that would be great. Got my vote on this.

Crash

Wunderbernd's idea is great. We should consider more symbiotic jars moving forward starting with stETH.

Harry

Upgrading to convex seems like a good idea regardless of going the symbiotic route. Symbiotic would be cool nonetheless