Video: https://youtu.be/M0fQsAbwAj8
Slides: https://docs.google.com/presentation/d/1HJDxMf_71PO-vOrCf2s2Zt1fc4oALS0ajFqy7nr0YqI/edit?usp=sharing
This strategy deposits slp-BTC2xFLI/WBTC tokens into BTC2xFLI/WBTC SLP SushiSwap Farm. It will then claim sushi rewards swap them into slp-BTC2xFLI/WBTC and compound the amount deposited.
Deposit fund's in BTC2xFLI/WBTC SLP SushiSwap Farm on Mainnet.
Withdraw fund's from BTC2xFLI/WBTC SLP SushiSwap Farm.
Harvest Sushi rewards, swap them into BTC2xFLI and WBTC and then adds Liquidity into BTC2xFLI/WBTC Sushi Pool to get SLP-WBTC/WETH token(want).
If there's any want in the strategy, deposit it in the pool.
APR = 0.25% (Pool fees by depositing BTC2X-FLI and WBTC in BTC2X-FLI/WBTC pool, proportional to their share of the pool.) + 20.03% (Depositing SLP-BTC2X-FLI/WBTC into Sushifarm) = 20.28%
-
Install Brownie & Ganache-CLI, if you haven't already.
-
Install the dependencies in the package
## Javascript dependencies
npm i
## Python Dependencies
pip install virtualenv
virtualenv venv
source venv/bin/activate
pip install -r requirements.txt
- import brownie network config
brownie networks import network-config.yaml
# if you have the network with same name already in your `brownie networks list` the above command will fail, to overcome this change the name of the networks in network-config.yaml and brownie-config.yaml accordingly.
-
Video Introduction: https://youtu.be/FVbhgPYW_D0
-
Example Project: https://github.com/Badger-Finance/wBTC-AAVE-Rewards-Farm-Badger-V1-Strategy
-
Full Project Walkthrough: https://www.youtube.com/watch?v=lTb0RFJJx2k
-
1-1 Mentoring (Valid throughout HackMoney and Gitcoin Round 10): https://calendly.com/alex-entreprenerd/badger-hackmoney-1-1
-
Basic Solidity Smart Contract for creating your own Badger Strategy (
contracts/MyStrategy.sol
) -
Interfaces for some of the most used DeFi protocols on ethereum mainnet. (
interfaces
) -
Dependencies for OpenZeppelin and other libraries. (
deps
) -
Sample test suite that runs on mainnet fork. (
tests
)
This mix is configured for use with Ganache on a forked mainnet.
-
Use this code by clicking on Use This Template
-
Download the code with
git clone URL_FROM_GITHUB
-
Install Brownie & Ganache-CLI, if you haven't already.
-
Copy the
.env.example
file, and rename it to.env
-
Sign up for Infura and generate an API key. Store it in the
WEB3_INFURA_PROJECT_ID
environment variable. -
Sign up for Etherscan and generate an API key. This is required for fetching source codes of the mainnet contracts we will be interacting with. Store the API key in the
ETHERSCAN_TOKEN
environment variable. -
Install the dependencies in the package
## Javascript dependencies
npm i
## Python Dependencies
pip install virtualenv
virtualenv venv
source venv/bin/activate
pip install -r requirements.txt
To deploy the demo Badger Strategy in a development environment:
- Open the Brownie console. This automatically launches Ganache on a forked mainnet.
brownie console
- Run Scripts for Deployment
brownie run deploy
Deployment will set up a Vault, Controller and deploy your strategy
- Run the test deployment in the console and interact with it
brownie console
deployed = run("deploy")
## Takes a minute or so
Transaction sent: 0xa0009814d5bcd05130ad0a07a894a1add8aa3967658296303ea1f8eceac374a9
Gas price: 0.0 gwei Gas limit: 12000000 Nonce: 9
UniswapV2Router02.swapExactETHForTokens confirmed - Block: 12614073 Gas used: 88626 (0.74%)
## Now you can interact with the contracts via the console
>>> deployed
{
'controller': 0x602C71e4DAC47a042Ee7f46E0aee17F94A3bA0B6,
'deployer': 0x66aB6D9362d4F35596279692F0251Db635165871,
'lpComponent': 0x028171bCA77440897B824Ca71D1c56caC55b68A3,
'rewardToken': 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9,
'sett': 0x6951b5Bd815043E3F842c1b026b0Fa888Cc2DD85,
'strategy': 0x9E4c14403d7d9A8A782044E86a93CAE09D7B2ac9,
'vault': 0x6951b5Bd815043E3F842c1b026b0Fa888Cc2DD85,
'want': 0x6B175474E89094C44Da98b954EedeAC495271d0F
}
>>>
## Deploy also uniswaps want to the deployer (accounts[0]), so you have funds to play with!
>>> deployed.want.balanceOf(a[0])
240545908911436022026
To ship a valid strategy, that will be evaluated to deploy on mainnet, with potentially $100M + in TVL, you need to:
- Add custom config in
/config/__init__.py
- Write the Strategy Code in MyStrategy.sol
- Customize the StrategyResolver in
/config/StrategyResolver.py
so that snapshot testing can verify that operations happened correctly - Write any extra test to confirm that the strategy is working properly
Most strategies have a:
- want the token you want to increase the balance of
- lpComponent the token representing how much you deposited in the yield source
- reward the token you are farming, that you'll swap into want
Set these up in /config/__init__.py
this mix will automatically be set up for testing and deploying after you do so
contracts/MyStrategy.sol
is where you implement your own logic for your strategy. In particular:
- Customize the
initialize
Method - Set a name in
MyStrategy.getName()
- Set a version in
MyStrategy.version()
- Write a way to calculate the want invested in
MyStrategy.balanceOfPool()
- Write a method that returns true if the Strategy should be tended in
MyStrategy.isTendable()
- Set a version in
MyStrategy.version()
- Invest your want tokens via
Strategy._deposit()
. - Take profits and repay debt via
Strategy.harvest()
. - Unwind enough of your position to payback withdrawals via
Strategy._withdrawSome()
. - Unwind all of your positions via
Strategy._withdrawAll()
. - Rebalance the Strategy positions via
Strategy.tend()
. - Make a list of all position tokens that should be protected against movements via
Strategy.protectedTokens()
.
In order to snapshot certain balances, we use the Snapshot manager. This class helps with verifying that ordinary procedures (deposit, withdraw, harvest), happened correctly.
See /helpers/StrategyCoreResolver.py
for the base resolver that all strategies use
Edit /config/StrategyResolver.py
to specify and verify how an ordinary harvest should behave
- Add Contract to check balances for in
get_strategy_destinations
(e.g. deposit pool, gauge, lpTokens) - Write
confirm_harvest
to verify that the harvest was profitable - Write
confirm_tend
to verify that tending will properly rebalance the strategy - Specify custom checks for ordinary deposits, withdrawals and calls to
earn
by setting uphook_after_confirm_withdraw
,hook_after_confirm_deposit
,hook_after_earn
Check the various tests under /tests
The file /tests/test_custom
is already set up for you to write custom tests there
See example tests in /tests/examples
All of the tests need to pass!
If a test doesn't pass, you better have a great reason for it!
To run the tests:
brownie test
Use the --interactive
flag to open a console immediatly after each failing test:
brownie test --interactive
Within the console, transaction data is available in the history
container:
>>> history
[<Transaction '0x50f41e2a3c3f44e5d57ae294a8f872f7b97de0cb79b2a4f43cf9f2b6bac61fb4'>,
<Transaction '0xb05a87885790b579982983e7079d811c1e269b2c678d99ecb0a3a5104a666138'>]
Examine the TransactionReceipt
for the failed test to determine what went wrong. For example, to view a traceback:
>>> tx = history[-1]
>>> tx.traceback()
To view a tree map of how the transaction executed:
>>> tx.call_trace()
See the Brownie documentation for more detailed information on debugging failed transactions.
When you are finished testing and ready to deploy to the mainnet:
- Import a keystore into Brownie for the account you wish to deploy from.
- Run
scripts/production_deploy.py
with the following command:
$ brownie run scripts/production_deploy.py --network mainnet
You will be prompted to enter your desired deployer account and keystore password, and then the contracts will be deployed.
- This script will deploy a Controller, a SettV3 and your strategy under upgradable proxies. It will also set your deployer account as the governance for the three of them so that you can configure them and control them during testing stage. The script will also set the rest of the permissioned actors based on the latest entries from the Badger Registry.
When you are done testing your contracts in production and they are ready for incorporation to the Badger ecosystem, the production_setup
script can be ran to ensure that all parameters are set in compliance to Badger's production entities and contracts. You can run this script by doing the following:
- Open the
scripts/production_setup.py
file and change the addresses for your strategy and vault mainnet addresses on lines 29 and 30. - Import a keystore into Brownie for the account currently set as
governance
for your contracts. - Run
scripts/production_setup.py
with the following command:
$ brownie run scripts/production_setup.py --network mainnet
You will be prompted to enter your governance account and keystore password, and then the the parameter verification and setup process will be executed.
- This script will compare all existing parameters against the latest production parameters stored on the Badger Registry. In case of a mismatch, the script will execute a transaction to change the parameter to the proper one. Notice that, as a final step, the script will change the governance address to Badger's Governance Multisig; this will effectively relinquish the contract control from your account to the Badger Governance. Additionally, the script performs a final check of all parameters against the registry parameters.
If you are using Ganache to fork a network, then you may have issues with the blockchain archive state every 30 minutes. This is due to your node provider (i.e. Infura) only allowing free users access to 30 minutes of archive state. To solve this, upgrade to a paid plan, or simply restart your ganache instance and redploy your contracts.
- Example Strategy https://github.com/Badger-Finance/wBTC-AAVE-Rewards-Farm-Badger-V1-Strategy
- Badger Builders Discord https://discord.gg/Tf2PucrXcE
- Badger Discord channel
- Yearn Discord channel
- Brownie Gitter channel
- Alex The Entreprenerd on Twitter