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1/ ‼️Eris launch Automated Arbitrage Vaults‼️
Arbitrage between $LUNA & $LUNA LSDs just got easier and more profitable 🙀
Deposit $LUNA and sit back and watch our arbitrage bots grow your collateral 🤖
Try it now ➡️ erisprotocol.com/terra/arb-vault
More details 👇🏻🧵
Arbitrage between $LUNA & $LUNA LSDs just got easier and more profitable 🙀
Deposit $LUNA and sit back and watch our arbitrage bots grow your collateral 🤖
Try it now ➡️ erisprotocol.com/terra/arb-vault
More details 👇🏻🧵
2/ How it works ⚒️
For a user it's simple:
1️⃣ Go to ➡️ erisprotocol.com/terra/arb-vault
2️⃣ Connect your wallet
3️⃣ Bond $LUNA and receive #arbLUNA as a representation of your share of the pool
4️⃣ Sit back and watch our Arb bot grow your $LUNA collateral
For a user it's simple:
1️⃣ Go to ➡️ erisprotocol.com/terra/arb-vault
2️⃣ Connect your wallet
3️⃣ Bond $LUNA and receive #arbLUNA as a representation of your share of the pool
4️⃣ Sit back and watch our Arb bot grow your $LUNA collateral
3/ Behind the scenes 🔩
When an arb opportunity between $LUNA & $LUNA LSDs appears, the arb bot will:
1️⃣ Trade a % of the liquid $LUNA in the vault into the $LUNA LSD
2️⃣ Initiate the on-chain unbonding (slow burn) mechanism to redeem the LSD for it's underlying $LUNA value
When an arb opportunity between $LUNA & $LUNA LSDs appears, the arb bot will:
1️⃣ Trade a % of the liquid $LUNA in the vault into the $LUNA LSD
2️⃣ Initiate the on-chain unbonding (slow burn) mechanism to redeem the LSD for it's underlying $LUNA value
