8.2x cbETH:ETH Auto-Compounder - Compound
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Description
This vault creates 8.2x leveraged cbETH:ETH position that earns 1x cbETH liquid staking yields plus an additional 7.2x interest differential between cbETH yields + COMP rewards and WETH borrow costs.
Deposited cbETH is supplied to Compound enabling the strategy to borrow WETH which is then swapped for more cbETH. This process is repeated to get up to 8.2x leverage which provides a 2.5% liquidation buffer.
+ cbETH liquid staking yields
+ COMP borrow rewards
- ETH borrow interest
Strategy
Claim all COMP rewards
Swap COMP → cbETH
Flash loan 7.2x the $cbETH amount (deposits plus rewards)
Lend all $cbETH - Compound
Borrow $ETH to cover flash loan
Swap borrowed $ETH → $cbETH
Flash loan $ETH
Repay $ETH debt - Compound
Withdraw $cbETH collateral - Compound
Swap $cbETH → $ETH
Protocol Parameters
~3.26% cbETH Liquid Staking Yield
0.1% Max Slippage Config
Strategy Performance Conditions
cbETH continuously increases in value vs WETH.
WETH borrow cost is less than cbETH liquid staking yields plus COMP rewards
cbETH depegs from ETH.
cbETH liquid staking yields falls below WETH borrow costs.
Calculation Template
Create Your Own Strategies!
Create a copy of the sheet below and tweak it to create your own personalized strategy.
Estimated Returns
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