👨🌾 Yield Sources
Yield sources generate yield for prize pools.
A Yield Source contract is used by a Yield Source Prize Pool to generate yield for prizes.
The yield source just needs these properties:
- The deposit asset is the same as the asset that accrues. I.e. if users deposit Dai into the yield source, then it should yield Dai as well
- Yield must always be increasing. The mechanics of the Prize Pool require yield to always go up, as it's a no-loss system. The yield source must protect depositor's collateral.
There are implementations for all of the major yield sources:
- Compound
- Aave
- Yearn
- More!
The yield source interface is very simple; it just needs to support four functions:
/// @title Defines the functions used to interact with a yield source. The Prize Pool inherits this contract.
/// @notice Prize Pools subclasses need to implement this interface so that yield can be generated.
interface IYieldSource {
/// @notice Returns the ERC20 asset token used for deposits.
/// @return The ERC20 asset token
function depositToken() external view returns (address);
/// @notice Returns the total balance (in asset tokens). This includes the deposits and interest.
/// @return The underlying balance of asset tokens
function balanceOfToken(address addr) external returns (uint256);
/// @notice Supplies tokens to the yield source. Allows assets to be supplied on other user's behalf using the `to` param.
/// @param amount The amount of `token()` to be supplied
/// @param to The user whose balance will receive the tokens
function supplyTokenTo(uint256 amount, address to) external;
/// @notice Redeems tokens from the yield source.
/// @param amount The amount of `token()` to withdraw. Denominated in `token()` as above.
/// @return The actual amount of tokens that were redeemed.
function redeemToken(uint256 amount) external returns (uint256);
}
Last modified 1yr ago