Proposal: Create a ySNX vault to stake on Mintr

Proposals Vaults
21

Update: with the L2 Optimistic rollup trial underway, it’s possible that this strategy will be in less demand. As a L2 Mintr tester myself, I can confirm that it’s phenomenal.

Still could be very useful to folks who want to automate their SNX minting, though, instead of checking in on it every week.

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22

There’s a lot of really ripe potential for SNX <> Curve strategies, since at least 5-6 SNX tokens are in Curve, so a strategy could do:

  1. Mint synth w/ SNX
  2. LP synth into Curve Pool
  3. Farm profits for more SNX

Only trick is maintaining a collaterialization ratio, so I think this Vault is very ripe for v2 Vault design (multiple strategies, debt-based design, etc.).

2 Likes
23

With the sushi SNX-ETH pair on sushi , for more profit.

1 Like