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Improvement to renbtc strategy #192

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@mushroomsforest mushroomsforest commented Jul 30, 2021

This PR maintain the majority logic of previously reviewed strategy but change following two critical parts:

  1. Replace direct Curve gauge staking with Convex Finance staking for usdp3crv LP token to earn boosted yield (CRV & CVX). Please note that this strategy allow send configured portion of earnd CRV & CVX tokens to controller.rewards() for future distribution or boosting purpose.
  2. Repay accrued borrowing fee using earned CVX & CRV tokens during harvest() call to ensure we have covered the debt on a routinely basis

In summary, this strategy with above changes will do following:

  • Collateralize renBTC in Unit Protocol to borrown USDP
  • Add_Liquidity in Curve USDP pool
  • Stake Curve usdp3crv LP token in Convex Finance pool
  • Yield-Farming CRV & CVX tokens and repay accrued USDP fee during harvest()

Currently BadgerDAO already have renBTC Curve LP based Sett/Strategy integrated with Convex Finance, thus this new renBTC single-asset Sett/Strategy aims to provide different value to BadgerDAO ecosystem

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