🪃 Sandclock V2 🪃 is a set of yield strategies and staking contracts on mainnet, implemented as ERC4626-compliant tokenized vaults.
- 🦎 scWETH - Deposit WETH/ETH and have it enter a leveraged staked ETH position with additional borrow/supply returns. Receive scWETH shares which appreciate over time when the vault is profitable and can be redeemed for WETH. A keeper bot regularly rebalances the position against a target loan to value ratio in order to compound profits or de-risk position. Strategy has exposure to Lido finance, Curve stETH-ETH LP, Balancer, Aave V3 and the Chainlink stETH/ETH price feed.
- 🍄 scUSDC - Deposit USDC and over-collateralize it against WETH which will be deposited into scWETH strategy. Receive scUSDC shares which appreciate over time when the vault is profitable and can be redeemed for USDC. A keeper bot regularly rebalances the position against a target loan to value ratio in order to compound profits or de-risk position. Strategy has exposure to scWETH, Aave V3, Balancer, Uniswap V3 and the Chainlink USDC/ETH price feed.
- 🛼 scUSDCv2 & scWETHv2 are lender-neutral versions of scUSDC/scWETH. They introduce adapters in order to borrow and supply from multiple lending protocols. Adapters can be added at will by a multi-sig and a keeper bot regularly rebalances the positions against a target loan to value ratio and allocation configuration in order to compound profits and/or de-risk positions.
- 🐤 scLUSD: Deposit LUSD which will be deposited into the Liquity Stability Pool. Receive scLUSD shares which appreciate over time and can be redeemed for LUSD. A keeper bot regularly reinvests profits which consists of discounted ETH on liquidations and Liquity community issuance ($LQTY). Strategy has exposure to Liquity and the 0x exchange routing protocol.
- 💎 sQuartz: Deposit Quartz for sQuartz and over time claim performance fees from Sandclock yield strategies. Additionally receive bonus multiplier points (inspired by GMX reward mechanism) at 100% APR which can be compounded in order to claim a bigger portion of the staking rewards. Redeem sQuartz for Quartz, which will proportionally burn some of the earned multiplier points for that account. The first 30 days of a deposit special rules apply: no additional deposits allowed for that account and in order to withdraw/transfer a fee needs to be paid (starts at 10% of the amount and linearly decreases to zero over 30 days).
To install with Foundry:
forge install lindy-labs/sandclock-contracts
This project uses Foundry as the development framework.
forge install
forge build
forge test
Please create a .env file before deployment. An example can be found in .env.example.
forge script script/[Script].s.sol --rpc-url [RPC URL]
forge script script/[Script].s.sol --rpc-url [RPC URL] --broadcast --verify