Brook@CIAN.APPPreparation before using CIAN
1. Create a smart wallet.2. Deposit funds in your smart wallet.3. Define the automation authorization timeframe. Please make sure your to keep the authorization valid while having active position(s).4. Deposit some AVAX in “Gas Contract” to cover all future automated transactions related gas fees. We suggest keeping a minimum of 2 AVAX in your gas contract.
Brook@CIAN.APPLeveraged stETH-ETH Arbitrage Strategy
Every stETH is strictly backed by one ETH on the Beacon chain, which eliminates the possibility of stETH’s crash. However, since users can’t directly unstake their ETH until the Merge is mature, the exchange ratio between stETH and ETH demonstrates large, but temporary fluctuations, especially under recent market conditions.Fig. 1 Source: https://www.livecoinwatch.com/price/LidoStakedEther-_STETHThe temporary stETH price deviations not only bring adversely impact to stETH holders, but also pr...
Brook@CIAN.APPLeveraged arbitrage - Simulation Competition
Simulation Competition - Step by StepIf any of the underlying steps have already been executed, you can move ahead to the next step. Earn high APY with your ETH/stETH (Simulation Competition).1️⃣ Create a Simulation Account2️⃣ Select the strategy3️⃣ Set your own parametersThe following parameters are for reference onlyLeverage: 2.5Lower Price (stETH): 0.95Upper Price (stETH): 0.96Stop-loss price: 0.94Final state💳You can change the parameters at all time (EDIT)Useful linksDiscord: https://dis...
Brook@CIAN.APPPreparation before using CIAN
1. Create a smart wallet.2. Deposit funds in your smart wallet.3. Define the automation authorization timeframe. Please make sure your to keep the authorization valid while having active position(s).4. Deposit some AVAX in “Gas Contract” to cover all future automated transactions related gas fees. We suggest keeping a minimum of 2 AVAX in your gas contract.
Brook@CIAN.APPLeveraged stETH-ETH Arbitrage Strategy
Every stETH is strictly backed by one ETH on the Beacon chain, which eliminates the possibility of stETH’s crash. However, since users can’t directly unstake their ETH until the Merge is mature, the exchange ratio between stETH and ETH demonstrates large, but temporary fluctuations, especially under recent market conditions.Fig. 1 Source: https://www.livecoinwatch.com/price/LidoStakedEther-_STETHThe temporary stETH price deviations not only bring adversely impact to stETH holders, but also pr...
Brook@CIAN.APPLeveraged arbitrage - Simulation Competition
Simulation Competition - Step by StepIf any of the underlying steps have already been executed, you can move ahead to the next step. Earn high APY with your ETH/stETH (Simulation Competition).1️⃣ Create a Simulation Account2️⃣ Select the strategy3️⃣ Set your own parametersThe following parameters are for reference onlyLeverage: 2.5Lower Price (stETH): 0.95Upper Price (stETH): 0.96Stop-loss price: 0.94Final state💳You can change the parameters at all time (EDIT)Useful linksDiscord: https://dis...
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Stablecoins on BENQI: USDT.e, USDT, USDC, and USDC.e
1. Deposit 10,000 USDT.e on BENQI. Supply APY：8.48%
2. Borrow $5000 AVAX on BENQI (LTV: 50%). Borrow Interest: 5.17%
3. Deposit AVAX in Vector for yield farming. APY: 17.4%
4. Use CIAN’s automation primitives to protect your position and optimize the capital efficiency. ( 50% target collateral ratio suggested)
Total APY of 10,000 UST.e:
The final APY for this strategy is of 14.5%. This number will change due to market conditions.
Build a “Borrow to Farm” position:
1. Select BENQI as the lending platform. Deposit USDT.e and Borrow AVAX. Enter the number of USDT.e and borrowed AVAX. Make sure the LTV is around 50%.
*(For the sake of this example, we will use USDT.e, that said, users are free to select Stablecoin as collateral)
**(We strongly suggest AVAX for the borrowed/farming asset owing to the current APY%)
2. Select Vector’s wAVAX pool for yield farming and execute this position.
Use “Auto Borrow” to increase capital efficiency:
1. Choose your two positions on BENQI and Vector.
2. Set “Target Collateral Ratio” to 50%, “Auto Borrow Limit” to 40%, and “Duration” to 12H. Then submit this task.
Use “Auto Repay” to prevent liquidation.
1. Choose your two positions on BENQI and Vector.
2. Set “Target collateral ratio” to 50%, and “Auto repay threshold” to 60%. Enable “fully automatic”. Then submit this task.
Use “Flash Repay” to prevent liquidation under extreme market conditions.
1. Select your lending position on BENQI. Set the “triggering collateral ratio” to 65% and the “target collateral ratio” to 50%. Then submit this task.
Now you can enjoy a 14.5% APY with your USDT.e on CIAN.
1. Smart contract vulnerability
This strategy interact with three protocols: BENQI, VECTOR and CIAN. If one of these protocols was to get targeted by an exploit, it may results in loss of funds.
2. Liquidation
CIAN’s “Auto Repay” and “Flash Repay” can protect users lending position from liquidation under most market conditions. However, CIAN’s automation primitives couldn't protect users’ position in case of extreme market crash (eg. LUNA).
3. Collateral reduction
If “Flash Repay” is executed at the triggering collateral ratio, though your position would avoid getting liquidated, part of your collateral would be transferred to your borrowed assets to reset the TVL.
4. Deposit fee and withdraw fee on Vector
Since Vector is mainly using PLATYPUS’ pools, a deposit fees and withdraw fees may apply depending on the Coverage Ratio. Learn more: https://docs.platypus.finance/platypus-finance-docs/concepts/deposit-fee
Discord: https://discord.com/invite/CIAN
Website: https://cian.app
Medium: https://cian-app.medium.com/
Docs: https://docs.cian.app/
Twitter: https://twitter.com/cian_protocol
Stablecoins on BENQI: USDT.e, USDT, USDC, and USDC.e
1. Deposit 10,000 USDT.e on BENQI. Supply APY：8.48%
2. Borrow $5000 AVAX on BENQI (LTV: 50%). Borrow Interest: 5.17%
3. Deposit AVAX in Vector for yield farming. APY: 17.4%
4. Use CIAN’s automation primitives to protect your position and optimize the capital efficiency. ( 50% target collateral ratio suggested)
Total APY of 10,000 UST.e:
The final APY for this strategy is of 14.5%. This number will change due to market conditions.
Build a “Borrow to Farm” position:
1. Select BENQI as the lending platform. Deposit USDT.e and Borrow AVAX. Enter the number of USDT.e and borrowed AVAX. Make sure the LTV is around 50%.
*(For the sake of this example, we will use USDT.e, that said, users are free to select Stablecoin as collateral)
**(We strongly suggest AVAX for the borrowed/farming asset owing to the current APY%)
2. Select Vector’s wAVAX pool for yield farming and execute this position.
Use “Auto Borrow” to increase capital efficiency:
1. Choose your two positions on BENQI and Vector.
2. Set “Target Collateral Ratio” to 50%, “Auto Borrow Limit” to 40%, and “Duration” to 12H. Then submit this task.
Use “Auto Repay” to prevent liquidation.
1. Choose your two positions on BENQI and Vector.
2. Set “Target collateral ratio” to 50%, and “Auto repay threshold” to 60%. Enable “fully automatic”. Then submit this task.
Use “Flash Repay” to prevent liquidation under extreme market conditions.
1. Select your lending position on BENQI. Set the “triggering collateral ratio” to 65% and the “target collateral ratio” to 50%. Then submit this task.
Now you can enjoy a 14.5% APY with your USDT.e on CIAN.
1. Smart contract vulnerability
This strategy interact with three protocols: BENQI, VECTOR and CIAN. If one of these protocols was to get targeted by an exploit, it may results in loss of funds.
2. Liquidation
CIAN’s “Auto Repay” and “Flash Repay” can protect users lending position from liquidation under most market conditions. However, CIAN’s automation primitives couldn't protect users’ position in case of extreme market crash (eg. LUNA).
3. Collateral reduction
If “Flash Repay” is executed at the triggering collateral ratio, though your position would avoid getting liquidated, part of your collateral would be transferred to your borrowed assets to reset the TVL.
4. Deposit fee and withdraw fee on Vector
Since Vector is mainly using PLATYPUS’ pools, a deposit fees and withdraw fees may apply depending on the Coverage Ratio. Learn more: https://docs.platypus.finance/platypus-finance-docs/concepts/deposit-fee
Discord: https://discord.com/invite/CIAN
Website: https://cian.app
Medium: https://cian-app.medium.com/
Docs: https://docs.cian.app/
Twitter: https://twitter.com/cian_protocol
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