Frax

TVL

$489,345

489K FRAX


Fixed APY

5.13% Fixed

Phonon DAO

TVL

$160,134

43M PHONON


Variable APY

TBD

STATUS

Expired


INSURANCE
You can buy insurance for this vault on Nexus Mutual.

SECURITY
The vault code has been audited by ABDK.
STRATEGY

SushiSwap

Ethereum Mainnet


This liquidity vault consists of one fixed tranche and one variable tranche. Ondo combines both tranches to create a Sushiswap liquidity pair (LP). When there is an opportunity to do so, Ondo compounds earned rewards into more LP tokens.

Upon vault expiration, the strategy exits the LP position and pays fixed tranche depositors their principal plus an agreed APR in the form of their respective token. All remaining funds are paid to variable tranche depositors in their respective token.

The fixed tranche benefits from a predictable APR, while the variable tranche benefits from all trading fees, compounded rewards and leveraged exposure to the performance of the pool.

ALL ACTIVITY
No vault activity available