Great work @idlehusbandry!
Thanks for summarizing these points, it’s fantastic to see such a vibrant will to contribute.
Let me give you a couple of feedback on what you analyzed:
- The risk-adjusted strategy has been removed (deposits paused, withdraw always available), replacing it with the security-first Senior Tranches
- Cream and dYdX have been removed with IIP-15
The integrations you proposed are perfectly aligned with Tranches. While Best-Yield uses only battle-tested yield sources, Tranches are a natural host of strategies with a higher risk profile.
Adding new “exotic” yield sources there, we will change the value proposition of the Best-Yield, thus potentially making current LPs concerned about liquidity allocation.
The features embedded in Tranches are different: Senior Tranches provide built-in protection on deposits, or it’s possible to leverage yield exposure with Junior ones.
In case of downstream yield default, the Senior class of a specific protocol would represent a safe place where get protection (thanks to Junior TVL).
On the other side, Junior token holders are aware of the underlying source and dependencies, deciding to deposit if such risks match their profile.
The underlying sources that you mentioned - Alphahomora, MStable, and others - will be part of a list of open grants that Leagues are going to deploy in the following days.
Curve integration is redundant because we already have Convex, preferring the latter as it holds more dependencies ( = more risks and higher APY).
Idle sponsored new tranches’ yield sources during Gitcoin hackathon, resulting in Yearn and Lido integrations; the list of grants will not include those names.
In the mid-term vision, Tranches could be grouped into CDOs. For example, a “USDC Conservative profile” will deploy the stablecoin simultaneously on Convex, Idle, Yearn, AH Senior classes, like TradFi CDOs combine multiple underlying products.
Concerning how you can contribute to developing new products, the mentioned list of open grants will show all the info needed!
You will be able to pick your preferred integration, work on it, and get compensated once you reach the milestones and deliver the code.
The best way to interact with other devs is by joining our Discord, channels #dev-talk and #dev-support.