Tokemak Symbiotic Jars
under review
H
Harry
Tokemak allows you to deposit single sided assets, at time of writing ETH and USDC, which are then used to provide liquidity elsewhere. TOKE stakers (Liquidity Directors) vote on where deposited assets go to provide liquidity on various exchanges.
TOKE is also used to collateralize the network to mitigate the IL risk, in this way IL risk is transferred from LP’ers to LD’ers.
Since all farming works in cycles on Tokemak, this jar would also require locking liquidity. Cycles are explained in my post here: https://feedback.pickle.finance/jars/p/tokemak-uniswapsushiswap-jar
My idea is to create symbiotic strat for these single sided assets: deposit ETH or USDC (and in the future maybe more assets), harvest TOKE, deposit TOKE in the single sided TOKE pool, withdraw principal + TOKE upon exiting the jar.
leekuanjew | pickle.finance 🥒
under review
good candidate for strategy after release of jars with cooldown