Leverage Yield

Low risk and capital-efficient strategy to earn leveraged yield through Gearbox

Leverage Yield

Created At

HackMoney 2022

Winner of

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🏊‍♂️ BadgerDAO — Pool Prize

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🥇 Gearbox — Best Use

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🥉 Voltz — Best Use

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🥈 Tempus — Best Use

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🥉 Lyra — Best Use

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🏊‍♂️ Compound Labs — Pool Prize

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🥉 Yearn Finance — Best Use

Project Description

Leverage used to be complicated and risky. Gearbox introduces a cheap and low risk way to leverage your capital instantly and use it across Defi protocol. I developed leveraged Badger strategies, which earn yield through Compound/Yearn. I also developed Gearbox adaptors for multiple Defi protocol, such as Compound , Tempus, Voltz and Lyra .

How it's Made

First, I need to build the Gearbox adapters in order to use Defi protocols with the leveraged fund since the leveraged fund is managed through Gearbox CreditAccount contract. Inside the Badger Strategy, it will try to open a CreditAccount or add extra collateral if CreditAccount already exists. Then it will deposit leveraged funds into Compound/Yearn. The strategy will also harvest Reward tokens through CreditAccount.

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