Concentrator by Aladdin DAO maximizes Convex APYs and earns yield in the best DeFi tokens
What is Concentrator?
Concentrator is a yield enhancer that boosts yields on Convex vaults by concentrating all rewards into auto-compounding top-tier tokens like aCRV (cvxCRV) and aFXS (cvxFXS/FXS).
Why use Concentrator?
i. Set & forget to increase Convex yields by 20%+
ii. Yields are concentrated into top-tier wrapped auto-compounding tokens (aCRV = cvxCRV, aFXS = cvxFXS/FXS), thus earning the most rewards denominated in the best tokens (farm & hold)
iii. Claim your rewards at a time of your choosing
How does it work?
Users deposit Curve LP tokens or zap into their selected strategy. Funds are automatically staked in Convex vaults and rewards are periodically harvested. Harvested rewards are swapped to aCRV or aFXS, which are auto-compounding wrappers for cvxCRV and cvxFXS/FXS respectively.
Users may unwrap their aCRV or aFXS at any time, or zap out to blue chip assets.
What is aCRV/aFXS?
aCRV and aFXS are each wrappers representing a share of an auto-compounding Concentrator vault. Each one is backed by a different farming strategy. All farming yields for each strategy are compounded back into more of the underlying token.
Underlying (Wrapped) Token
Convex cvxCRV staking
cvxFXS/FXS (Curve LP)
Convex cvxFXS/FXS Staking
The total amount of underlying token contained in the auto-compounding Concentrator vault is equal to the total Auto-compounding token balance multiplied by the current index:
cvxCRV_Balance = aCRV_Balance * Current_aCRV_Index
cvxFXS/FXS_Balance = aFXS_Balance * Current_aFXS_Index
Using aCRV/aFXS to represent a share of the underlying compounding cvxCRV vault simplifies the smart contracts and is more gas efficient, and it creates a simple, single, bridgeable token representing an increasing amount of the underlying.
How much does it cost?
Concentrator takes a standard 10% fee on yields only, during the harvest process. Concentrator’s fees are shared between CTR lockers and the Concentrator treasury.
Each vault has a withdrawal fee, which is specified per-vault. Withdrawal fees are distributed to other depositors in the vault (not to token lockers or the treasury).
What is aCRV/aFXS contract address?