Punk-X-Aave-Yield-Strategy

Strategy to earn yield on punk.finance protocol utilizing the aave protocol

Strategy

This strategy chases the highest deposit apy on tokens in the aave lending pool. To add a token to be used by this strategy call _addToken(). When depositing into the lending pool it checks which token currently has the highest deposit apy and apes into it. While implementing this strategy we can also claim staked aave tokens stkAave on eth mainnet as reward for depositing incentiviced tokens into the lending pool. stkAave has a lock - (cooldown period) before it can be redeemed for aave token. This strategy also claims the staked aave token and swaps it to the underlying. 🎶 put it on repeat aan aan

Setup

• Install dependencies - npm i

• Create .env in root directory

• Add env variables

MNEMONIC=
ALCHEMY_API_KEY=

Deployment

Currently afaik the aave incentives contract isn't deployed on the kovan network. A modified version of AaveModel.sol which doesn't implement IAaveIncentivesController.sol has being created for deployment to the kovan network.

# To deploy to kovan network
run - npx hardhat run --network kovan scripts/kovan-deploy.js

# To deploy `AaveModel.sol` to forked mainnet.
run - npx hardhat run --network hardhat scripts/deploy.js

Kovan Contracts

Lending Pool - 0xE0fBa4Fc209b4948668006B2bE61711b7f

UniswapV2Router02 - 0x7a250d5630B4cF539739dF2C5dAcb4c659F2488D

Mainnet Contracts

Lending pool - 0x7d2768dE32b0b80b7a3454c06BdAc94A69DDc7A9

Staked Aave Token - 0x4da27a545c0c5b758a6ba100e3a049001de870f5

Aave Token - 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9

Incentives Controller - 0xd784927Ff2f95ba542BfC824c8a8a98F3495f6b5

UniswapV2Router02 - 0x7a250d5630B4cF539739dF2C5dAcb4c659F2488D

Note

This strategy is most suitable for stablecoins to prevent excess loss due to slippage.

Deployed Aave contract addresses can be found here - Aave-Contracts

Todo