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ACryptoS
Question
Zephyr
@zephyr · Oct 16, 2023, 13:29
How does dForce vault of ACryptoS work?
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Comments (2)
CrytptoSonic
@crytptosonic · Oct 16, 2023, 14:25
For example, if USDC is deposited in the dForce vault, ACryptoS strategy will supply the dForce market, borrow, supply again, borrow again... looping many times up to an optimal ratio, for the best APY.
The supplying and borrowing uses only USDC in the same strategy, no other tokens are involved. So there is 0 liquidation risk.
The rewards collected by dForce are sold into USDC, compounded back into the USDC vault. So basically USDC is automatically increasing.
Here is a link to the source on ACryptoS Discord:
discord.com/channels/893790916945530932/893790917478203407/1088523053438345318
The supplying and borrowing uses only USDC in the same strategy, no other tokens are involved. So there is 0 liquidation risk.
The rewards collected by dForce are sold into USDC, compounded back into the USDC vault. So basically USDC is automatically increasing.
Here is a link to the source on ACryptoS Discord:
discord.com/channels/893790916945530932/893790917478203407/1088523053438345318
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Zephyr
@zephyr · Oct 16, 2023, 17:22
Thanks. So ACryptoS APY is better than dForce because the vault is looping supply and borrowing.
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