New Updates To The DAOventures Strategies — Citadel, Stonks & More

TLDR;

  1. Lower gas fees for deposit & withdrawal
  2. No withdrawal fees
  3. Watermark for fair fee collection
  4. MEV “sandwich attack”protection upon withdrawal
  5. 2-layer strategies

Lower gas fees for deposit & withdrawal

In other protocols, users share is distributed by getting the total value of the strategy, getting the total supply of the LP token and minting the LP token. Citadel invests in 4 farms, so if the user wants to deposit/withdraw, the gas is costly.

Important Points to Note:

  • The total value is the sum of all farms that invest by strategy. More farms mean more gas to get the values. Since our strategies are ETF-based, it is normal that our strategies invest into more than 1 farm.
  • Stonks invest in 7 Mirror Protocol farms. It will be costly to get the value from 7 farms. In the new implementation, workload from points 1 to 4 is delegated to the admin of the contract.
  • The user only pays gas fees for transferring stablecoins into the contract plus some records. Around 50–60% gas fees cheaper than Citadel V1 & Stonks.

No withdrawal fees

In Citadel V1 & FAANG, there would be a deducted 20% if the user gets profit upon withdrawal. This new implementation will remove withdrawal fees and instead replace them with profit-sharing fees that are based on Strategy’s watermark.

Watermark

MEV protection upon withdrawal

2-layer strategies

These implementations on our strategies, aka “Layer 2 Strategies” include Metaverse Farmer(MVF), Citadel V2, Tech Stonks, and Golden Cross(to be announced).

About DAOventures

DAOventures is a multi-chain DeFi investing platform for fund managers and crypto investors. Its mission is to make DeFi simpler, more accessible, and inclusive. DAOventures is a team of engineers, researchers, crypto-investors, DeFi & NFT adopters, and problem solvers who want to build and accelerate the future of money, together.

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