TVL includes all the coins deposited in all the functions that DeFi protocols offer, including staking, lending, and liquidity pools.
Yield represents the excess of assets generated by this strategy.
Given that we cannot time when liquidations will take place, APY estimates based on historical performance can be inaccurate. Our probabilistic APY combines different historical data.
All the metavaults created by our users since this strategy was deployed.
It’s all risky. Here’s how users can incur a loss.
ETH goes down. A liquidation takes place and a trailing stop loss order is put in place. ETH's price drops faster than we check its price and that particular trade causes a small loss of principal.
Unknown smart contract exploit of our contracts, or the contracts of the underlying protocols.
The quantity of loans made per day vary depending on market conditions. Historically, bull markets have resulted in a higher average number of loan origination.
Yield is distributed whenever either the trailing stop loss is activated, or a week has elapsed, whichever comes first.
A performance fee is charged on the yield generated.
The average collateralization on loans is <collateralization ratio> The MODE is much more important for yield though (if it's high, you can expect more frequent liquidations; but we do not currently have this number, though we can do it via dune or perhaps some backend work that should be fairly easy: it just fetches all active troves and respective LTV like trove1:LTV, rounds the LTV up (e.g. if 75, round up to 80), count instances of each (e.g. 80% LTV: 70 troves) and sort by most frequent.