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Mercury
โ Description
Mercury Vaults aggregate yield from several pools to offer the best rate. They are vaults where users can deposit their assets to earn a yield generated on one or multiple strategies that follow opportunities presented across different DeFi protocols. After depositing, the smart contract puts those assets to work by executing the selected strategy for the particular vault the user deposited funds on.
Through this, users get an optimized automated yield out of their positions without having to do all the heavy lifting that includes research, understanding of different protocols, gas fees and multiple transactions.
No rewards are sold to the underlying position, Mercury Vaults compound without any selling pressure on the underlying token.
When interacting with the application you'll notice that the first step is depositing, this step sends your native tokens to the vault address and gives you in return the
arToken of the underlying asset. As a vault generates profit, the amount of arToken in your wallet remains constant while the underlying invested token amount in the vault increases. ๐ Multi-Strategies
Usually yield optimizers use a single yield strategy, meaning that your tokens are stacked on a single platform. If this yield optimizer wants to change the strategy, a redeployment of vault and user actions are required.
Mercury Vault are built to make yield strategies independent of the vault itself. Thus a change of strategy does not require any action from the users. Moreover, this implementation allows us to use not only one yield strategy, but several at the same time.
For example, we can stake 40% of the vault's total tokens in a strategy and 60% in an other strategy. By splitting the staking between several pools, we are maximizing the yield.
๐ก Example
Alice have 100 CAKE and want to accumulate those tokens. She deposit them into the CAKE Vault. In returns, in her wallet, she receives
arCAKE corresponding to her shares in the Vault.The
arCAKE / CAKE ratio, based on the increase of the PFS (Price per Full Share), is updated continuously and effectively increases everyone's deposit balance. Keeper compound when it's profitable and harvest every 12 hours.Alice can stake her arCAKE in the Space Distributor to earn SPACE in addition to the native token.
In the end, Alice will increase her balance of CAKE, earn SPACE and platform revenues.
Learn more about the Revenues Staking Contract with link below:
Last modified 4mo ago
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