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Concentrator
Concentrator by Aladdin DAO maximizes Convex APYs and earns yield in the best DeFi tokens
What is Concentrator?
Concentrator is a yield enhancer by AladdinDAO built for DeFi users who wish to farm top-tier DeFi tokens (CRV, CVX) at the highest APY possible. Increase your yields on Convex vaults by up to 50% or more!
How does it work?
Farmers deposit their Curve LP tokens in Concentrator. Concentrator stakes those LP tokens in Convex vaults. Yields from those vaults are harvested, swapped to CRV and then staked on behalf of the farmer in the Convex CRV vault where they autocompound. Users may withdraw any or all of their deposit and yield at any time in CRV or (zap to) CVX or ETH !
What is aCRV
aCRV simply represents the compounding cvxCRV in the Concentrator vault. The total amount of cvxCRV contained in the Concentrator vault is equal to the total aCRV balance multiplied by the current index:
cvxCRV_Balance = aCRV_Balance * Current_Index
Users may withdraw their share of the cvxCRV (or withdraw equivalent value in CVX, CRV, ETH) at any time.
Using aCRV to represent a share of the underlying compounding cvxCRV vault greatly simplifies the smart contracts and is much more gas efficient.
Is it an autocompounder?
An autocompounder generally sells all farming rewards for a vault in order to buy more of the deposited token. The APY is generated by compounding the base rate, but the base rate for the yield is the same as that for the bulk deposit. Gains are realized continuously rather than at a time chosen by the farmer.
Concentrator can capture rewards from deposits in multiple different Convex vaults and merge them into CRV where they take advantage of the high CRV staking rate on Convex. Yields auto-compound at this higher rate, denominated in a top-tier DeFi token (CRV), and gains can be realized/claimed in CRV, CVX, or ETH at a time chosen by the farmer for maximum tax advantage.
Is it safe?
The concentrator is built by the experienced and security-obsessed AladdinDAO team, and it is audited by SECBIT Labs. Check out the audit here.
How much does it cost?
Concentrator takes 0.01% - 0.30% of Withdraw Fee depending on withdrew Assets, and based on the withdrew amount. Besides, Concentrator also takes Harvest Fee and Treasury Fee on asset‘s return respectively which are shown clearly in the table below, while Harvest Fee is funding the autocompounding function and Treasury Fee is used to fund Aladdin DAO Treasury.
For example, Alice deposited stETH in Concentrator for a year gained 2.50% of “Alpha Return”, she will be charged 1.00% of Harvest Fee and 1.00% of Treasury Fee based on her gain each time that Concentrator autocompounding. And 0.05% of the total amount when she withdraws from Concentrator.
Vaults
Withdraw Fee(%)
Harvest Fee(%)
Treasury Fee(%)
PID
cvxCRV
0.30
1.00
8.00
3
stETH
0.05
1.00
1.00
0
FRAX
0.05
1.00
1.00
1
tricrypto2
0.10
1.00
1.00
2
crvETH
0.30
1.00
1.00
4
cvxETH
0.30
1.00
1.00
5
cvxFXS
0.30
1.00
1.00
6
3pool
0.01
1.00
1.00
7
RockketPoolETH
0.05
1.00
1.00
9
ren
0.01
1.00
1.00
10
aCRV
0.25
1.00
2.50
Concentrator Github?
aladdin-v3-contracts/contracts/vaults at main · AladdinDAO/aladdin-v3-contracts
GitHub
Deployed Contracts?
GitHub - AladdinDAO/deployments: Deployed Contracts For AladdinDAO
GitHub
What is aCRV contract address?
Chains
CRV Address
aCRV Address
Ethereum
0xD533a949740bb3306d119CC777fa900bA034cd52
0x2b95A1Dcc3D405535f9ed33c219ab38E8d7e0884
Arbitrum
0x11cdb42b0eb46d95f990bedd4695a6e3fa034978
0xebf1f92d4384118bfb91b4496660a95931c92861
Polygon
0x172370d5cd63279efa6d502dab29171933a610af
0x89c90e480a39fbe3886bb5bd53ba5b1acc69d4fb
Fantom
0x1e4f97b9f9f913c46f1632781732927b9019c68b
0x666a3776b3e82f171cb1dff7428b6808d2cd7d02
Last modified 1mo ago
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