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Are you an Arbitrum addicted? Looking for #RealYield?!
Are you maybe also a degen, always looking for the best APY on the market?
Do you even like automation?!
Then get ride to ride a wild horse… Welcome to @Rodeo_Finance!!!
Are you maybe also a degen, always looking for the best APY on the market?
Do you even like automation?!
Then get ride to ride a wild horse… Welcome to @Rodeo_Finance!!!
1/
Content of the thread:
1⃣ Introduction to @Rodeo_Finance
2⃣ Protocol architecture
3⃣ Roadmap and products
4⃣ Conclusion
Content of the thread:
1⃣ Introduction to @Rodeo_Finance
2⃣ Protocol architecture
3⃣ Roadmap and products
4⃣ Conclusion
2/
1⃣ Introduction to @Rodeo_Finance.
Rodeo Finance is a decentralized Arbitrum yield protocol that offers users the ability to take undercollateralized leveraged positions in yield strategies on both Rodeo and external protocols.
1⃣ Introduction to @Rodeo_Finance.
Rodeo Finance is a decentralized Arbitrum yield protocol that offers users the ability to take undercollateralized leveraged positions in yield strategies on both Rodeo and external protocols.
3/
It offers multiple strategies, the Farms, with yield up to 10x leverage. Users can also deposit major assets into a lending pool to earn high-interest APY.
Assets in lending pools are isolated to the strategies in which they are deployed, protecting user and protocol funds.
It offers multiple strategies, the Farms, with yield up to 10x leverage. Users can also deposit major assets into a lending pool to earn high-interest APY.
Assets in lending pools are isolated to the strategies in which they are deployed, protecting user and protocol funds.
4/
Rodeo's approach to Leveraged Yield Farming (LYF) is simplified through an intuitive user interface and trust is established through multiple layers of security.
Rodeo's approach to Leveraged Yield Farming (LYF) is simplified through an intuitive user interface and trust is established through multiple layers of security.
5/
The implementation of a layered security approach ensures that funds deposited from all users (yield farmers, degens, whales and institutions alike) are safe.
The implementation of a layered security approach ensures that funds deposited from all users (yield farmers, degens, whales and institutions alike) are safe.
6/
Rodeo is live in beta on Arbitrum mainnet with a TVL of $900k and over 1,000 users.
Rodeo is live in beta on Arbitrum mainnet with a TVL of $900k and over 1,000 users.
7/
2⃣ Protocol architecture
Rodeo has two sides: passive liquidity providers earning high, yet safe APR by providing single assets for use by leverage farmers, and leverage farmers who borrow up to 10x to farm.
2⃣ Protocol architecture
Rodeo has two sides: passive liquidity providers earning high, yet safe APR by providing single assets for use by leverage farmers, and leverage farmers who borrow up to 10x to farm.
8/
🔹Farmers
To farm on Rodeo, users deposit USDC into any of the strategies and borrow via leverage to increase potential APY earned.
Leverage can be added sliding the leverage bar to the desired amount.
🔹Farmers
To farm on Rodeo, users deposit USDC into any of the strategies and borrow via leverage to increase potential APY earned.
Leverage can be added sliding the leverage bar to the desired amount.
9/
The Core Rodeo Farms allow users to to maximize their position in any DeFi narrative.
For example:
▪️@PlutusDAO_io - plvGLP
The Core Rodeo Farms allow users to to maximize their position in any DeFi narrative.
For example:
▪️@PlutusDAO_io - plvGLP
https://twitter.com/0xCrypto_doctor/status/1638848218539909121
10/
GLP and GLP derivatives account for a bigshare of real yield products, leveraging into plvGLP allows users to earn high rewards on GLP + $PLS rewards.
GLP and GLP derivatives account for a bigshare of real yield products, leveraging into plvGLP allows users to earn high rewards on GLP + $PLS rewards.
11/
Opening a position is pretty easy and intuitive.
First, when you click on the farm you can see some details on the strategy implementation and assets
exposure:
Opening a position is pretty easy and intuitive.
First, when you click on the farm you can see some details on the strategy implementation and assets
exposure:
12/
You can then set the desired leverage using a slider. You’ll see all the relevant information regarding your position, position health, net APR and daily APR.
In few clicks, you are all set!
At 5x leverage, net APR for this farm is 88%.
You can then set the desired leverage using a slider. You’ll see all the relevant information regarding your position, position health, net APR and daily APR.
In few clicks, you are all set!
At 5x leverage, net APR for this farm is 88%.
13/
▪️@traderjoe_xyz - ETH/USDC and MAGIC/ETH
The unique and efficient liquidity book model allows for higher fees on LP pairs, I expect to see more TraderJoe LP pools on Rodeo
Current net APY on ETH/USDC at 5x is 45%.
▪️@traderjoe_xyz - ETH/USDC and MAGIC/ETH
The unique and efficient liquidity book model allows for higher fees on LP pairs, I expect to see more TraderJoe LP pools on Rodeo
Current net APY on ETH/USDC at 5x is 45%.
14/
▪️@Balancer - wsETH / ETH
If you are bullish on the LSD/LST narrative Rodeo has/will have major LSD/LST staking, with leverage.
▪️@Balancer - wsETH / ETH
If you are bullish on the LSD/LST narrative Rodeo has/will have major LSD/LST staking, with leverage.
15/
▪️@CamelotDEX - ETH/USDC & GRAIL/USDC
Camelot is a powerhouse on Arbitrum, integration of Camelot Farms allows users to take advantage of boosted Camelot pools and concentrated liquidity for higher, more efficient yields.
Current net APY on ETH/USDC at 5x leverage is 59%.
▪️@CamelotDEX - ETH/USDC & GRAIL/USDC
Camelot is a powerhouse on Arbitrum, integration of Camelot Farms allows users to take advantage of boosted Camelot pools and concentrated liquidity for higher, more efficient yields.
Current net APY on ETH/USDC at 5x leverage is 59%.
16/
🔹Lenders
When a user deposits USDC in a Lending pool, he receives ribAssets, interest-earning tokens whose balance is directly proportional to the stake they have in the lending pool, including accrued interest.
Like other ERC-20s, they are tradeable and transferable.
🔹Lenders
When a user deposits USDC in a Lending pool, he receives ribAssets, interest-earning tokens whose balance is directly proportional to the stake they have in the lending pool, including accrued interest.
Like other ERC-20s, they are tradeable and transferable.
17/
The interest rate (APR) earned by USDC lenders is calculated based on the utilization of the lending pool.
Lenders can further boost their APR by locking their ribAssets for a fixed amount of time to receive a % of the Rodeo platform fees (earning from real yield).
The interest rate (APR) earned by USDC lenders is calculated based on the utilization of the lending pool.
Lenders can further boost their APR by locking their ribAssets for a fixed amount of time to receive a % of the Rodeo platform fees (earning from real yield).
18/
🔹ribAssets
Each lending pool has its own ribAsset; for example, if a user lends USDC to the protocol, they will receive a corresponding balance of ribUSDC.
ribAssets have incentivized liquidity pools, ribAsset/Asset.
🔹ribAssets
Each lending pool has its own ribAsset; for example, if a user lends USDC to the protocol, they will receive a corresponding balance of ribUSDC.
ribAssets have incentivized liquidity pools, ribAsset/Asset.
19/
The ratio of ribAsset/Asset is determined by Rodeo Vault performance over time, which can always be viewed in the vault UI.
The ratio of ribAsset/Asset is determined by Rodeo Vault performance over time, which can always be viewed in the vault UI.
20/
🔹Security
Security is currently number 1 issue in DeFi, according to me.
It looks like Rodeo Finance prioritize risk and security:
▪️Rodeo Finance is already audited by Kalos.
🔹Security
Security is currently number 1 issue in DeFi, according to me.
It looks like Rodeo Finance prioritize risk and security:
▪️Rodeo Finance is already audited by Kalos.
21/
▪️Rodeo uses a variety of proven oracles, including Chainlink for most asset prices.
For assets not available on chainlink, Rodeo utilizes TWAPs as a preferred method when available.
▪️Rodeo uses a variety of proven oracles, including Chainlink for most asset prices.
For assets not available on chainlink, Rodeo utilizes TWAPs as a preferred method when available.
22/
▪️Rodeo has implemented a Protocol Insurance Fund, whose is to compensate lenders in the event of an exploit or bad debt event.
medium.com/@Rodeo_Finance…
▪️Rodeo has implemented a Protocol Insurance Fund, whose is to compensate lenders in the event of an exploit or bad debt event.
medium.com/@Rodeo_Finance…
23/
I highly recommend this small thread to understand how the Rodeo money market is implemented and why it will avoid the most common exploit for these type of protocols.
I highly recommend this small thread to understand how the Rodeo money market is implemented and why it will avoid the most common exploit for these type of protocols.
https://twitter.com/Rodeo_Finance/status/1602197751235858432
24/
Rodeo has a stunning roadmap, with 3 scheduled versions of the platform, each one introducing new features and products. I will outline the most significative. For a full overview, read this thread by the Rodeo team:
Rodeo has a stunning roadmap, with 3 scheduled versions of the platform, each one introducing new features and products. I will outline the most significative. For a full overview, read this thread by the Rodeo team:
https://twitter.com/Rodeo_Finance/status/1650519595655090183
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