What is Concrete?
The Concrete chain enables users to generate the best risk-adjusted market yields from single-sided staking, and borrow at the best rates with the option to protect themselves from liquidation.
This brief article explains how to maximize returns by depositing into Concrete Vaults which function similarly to Index Funds.
Concrete Earn Vaults
This post is an introduction to earning yield throughout the Concrete ecosystem and how to use the Concrete Earn Vaults, powered by ERC-4626.
Concrete presents the most frictionless way to accrue the highest available rates of return from the chain and/or sector of a user’s preference.
This eliminates the need to manage multiple positions through various user interfaces, including the labor of having to shuffle capital between projects. Concrete puts everything on autopilot.
ERC-4626 is the "Blueprint" for tokenized vaults.
Vaults are smart contracts that users deposit tokens into to earn yield through various strategies such as staking, lending, or providing DEX liquidity. Depositors are given vault shares that act as receipts for the deposited assets.
The ERC-4626 standard comes with many benefits, including:
Simplicity - Users pick the asset they would like to deposit to earn yield from a Concrete built strategy.
Composability - By adopting a universal standard, Concrete Earn Vaults can be easily integrated and accessed through partner protocols, money markets, yield aggregators, or other front ends.
Security - A standard contract set allows developers to use a unified foundation for vaults rather than having to create custom integration work, leading to fewer errors and security vulnerabilities.
The Concrete Ecosystem
Concrete Vaults include a number of strategies for users to choose from across the various spoke instances. Allowing users to generate and receive yield from any of their preferred EVM and non-EVM chains.
Strategies range from passive to active and can be refined to more specific markets within various execution environments.
Some examples include:
Ecosystem “ETFs”: A collection of the top-performing yield opportunities across bluechip DeFi protocols within a given L1 / L2. This radically simplifies the process for users looking to gain exposure to chains such as Berachain, Avalanche, Blast, etc – without having to manually search.
Passive Money Markets: Automatically allocate supply between various collateral types across money markets to give users the highest yield at any given time. Rewards from the underlying money market can be passed through to the user, or auto compounded back into the deposit.
Leveraged Strategies: Deposit assets into money markets to leverage loop loans, or yield farm while auto compounding profits and rewards. Concrete’s quantitative models and credit capabilities are uniquely suited for this.
Liquidity from vaults that is inactive or can generate greater returns from protecting liquidations is dynamically moved to protect Concrete borrowers when needed.
In periods of volatility, when yields compress, and liquidations increase, depositors stabilize yields, and in periods of high volatility, can earn more by solving liquidations for Concrete borrowers.
Vault shares are issued to depositors as ct[asset] tokens and are the foundation for derivative products and secondary markets.
Concrete Vaults become a flywheel, increasing deposits for partner protocols, serving as a gateway for users to receive best-in-class yields, and driving the creation of new markets from the ct[asset] tokens.
Concrete Vaults will be the premiere destination to earn yield on-chain through the best risk-adjusted APYs, partner protocol rewards, liquidation protection, and Concrete Points.
How to Use Concrete Earn
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Visit Concrete: Go to https://www.concrete.xyz/ and launch the app. The app will prompt the connected EOA to mint a portfolio. This portfolio serves as the account to manage all concrete loans and earn positions.
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Explore Earn Vaults: Concrete offers a suite of vaults with curated strategies across connected chains.
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Deposit Assets: Deposit into a vault to receive ct[asset] shares. Yield and rewards will be passed through or have the option to be auto-compounded back into the vault, amplifying returns.
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Real Yield: Once a deposit is made, users can sit back and enjoy the highest risk adjusted yields through strategies powered by Concrete’s quantitative models and partners.
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ct[asset]: The yield-bearing vault shares will become an integral part of the Concrete ecosystem. More on this token type and its use cases coming soon…
The Destination for DeFi
By leveraging Concrete's advanced earn strategies, users can maximize yields while minimizing risks. Get exposure to new ecosystems and protocols through Earn, while being protected from liquidations on Borrow.
As Concrete continues to evolve and integrate with more protocols and chains, users can expect an ever-expanding range of yield opportunities and novel on-chain financial primitives.
If you are interested in working together and integrating within the Concrete ecosystem, please reach out to hello@blueprintfinance.com
Follow along on Twitter and join the community
Concrete Protocol: https://twitter.com/ConcreteXYZ
Blueprint Finance: https://twitter.com/Blueprint_DeFi