Define new strategies to the underlying tokens of nDeFi

After the Cream protocol got exploited on Main Net, the galaxies retrieved all funds lended on Cream to generate yields.

Even if funds were not exploited on Cream vaults on Polygon, we think that it’s not a good idea to use Cream again as a strategy for nDeFi.

The following proposal is to assign new strategies to the underlying tokens of nDeFi among the two other strategies currently supported, aka. Aave and Kashi (Sushiswap).

ETH - AAVE
LINK - KASHI
SNX - NONE
AAVE - AAVE
COMP - NONE
MKR - NONE
UMA - NONE
BAO - NONE
MATIC - AAVE
ALCX - NONE
UNI - NONE
SUSHI - KASHI
CRV - NONE
BAL - NONE
YFI - NONE
Convex - NONE
Alpha - NONE

A lot of those tokens don’t have possible lending markets for them, but the goal is to optimize the strategies currently available while waiting for new opportunities in the future.

Are there any other yield farming strategies for these tokens?

If Cream fixed their exploit, why it’s not considered anymore?

Here is an option with the other assets:

  1. Lend an asset to a Kashi market, and receive a KMP token in return (https://app.sushi.com/bento/kashi/lend).
    (2) Take the KMP token and stake into a yield farm, to earn SUSHI (SUSHI).
    (3) Stake SUSHI rewards for additional yield in xSUSHI (SUSHI).

We would then need to create an “rtoken” to push back into the nDEFI next to represent the amounts held in sushi.

We have currently 3 differents strategies implemented in our recipes

  • Cream
  • AAVE
  • KASHI

Cream suffered a few exploits and I think we could turn this event into an opportunity to look more on Kashi.

Cream have had a few exploits, I won’t be surprised if they get more.

Another possible yield source on Polygon is mai.finance ($96m TVL), which is basically a Maker fork. You can open vaults earning their token (Qi) with:

MATIC
CRV
AAVE
BAL
LINK
dQUICK

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