Announcing our latest Yeetarded product: the Liquidity Trifecta Vault.

TL;CR (Too Long; Can’t Read)

• The Liquidity Trifecta is a partnership with Kodiak and Beradrome which results in $YEET/$BERA LPs receiving multiple tokens as incentives (hella skrilla)

• The Liquidity Trifecta Vault is a Yeetard-friendly automated yield product which farms rewards, and compounds them into a $YEET/$BERA LP position

• A significant percentage of yeeting volume in the Yeet Bonzi will be depoited into the vault, minting new vault shares. These shares are distributed as rewards to $YEET stakers

Firstly, wat is the Liquidity Trifecta?

It is the immaculate conception of 3 protocols. It is a flywheel partnership to create liquidity deeper than Satoshi’s pockets and make it stickier than honey.

It is a partnership between Yeet, Kodiak, and Beradrome to incentivize the $YEET/$BERA pool with multiple tokens.

• $YEET/$BERA is whitelisted as a gauge on Beradrome

• LPs in the Kodiak $YEET/$BERA island ALM (Automated Liquidity Manager) can stake the island LP token in appropriate Beradrome gauge

  • Rewards for doing so are $oBERO, and $BGT from Beradrome’s validator

• A custom Beradrome plugin stakes the LP token on behalf of users in the Kodiak farm, and harvests rewards

  • Rewards here are comprised of $KDK, $xKDK, and trading fees

  • The amount of $KDK and $xKDK directed to the island will be based upon a matching program of bribes of $YEET that are being made, up to a certai threshold

• Yeet and Beradrome are also doing a token swap, where Yeet owns 4.5% of Beradrome’s initial governance power, and Beradrome gets 6% of Yeet’s token supply (vested linearly over 12 months) which is used exclusively to bribe the $YEET/$BERA gauge

This results in:

• Yield farmers earning swap fees, $xKDK, $KDK, $oBERO, and $BGT by LPing the Kodiak $YEET/$BERA island, and staking in beradrome

• $hiBERO holders earning $YEET bribes

Wat is the Liquidity Trifecta Vault?

The flow described above is slightly complex, and not extremely user friendly. Especially considering the fact that many of the above tokens can be staked in different ways for various other rewards.

What if there was a simpler way of doing it all? A way of just depositing some capital, sitting back and relaxing, then claiming your rewards?

Enter the Liquidity Trifecta Vault.

This automates this whole yield farm flow for you, harvests your earnings frequently, and compounds your position to help you earn even more.

You can zap into the vault with whatever token you have in your wallet, and you also have the ability to withdraw your position in several different tokens.

In addition, this vault will comply with the ERC-4626 standard, which means you can use the vault LP token as collateral across the Berachain DeFi ecosystem as well. Yay rehypothecation!

The effect on the Yeet Bonzi

Previously, 7% of volume that occured in the Yeet game was directed to $YEET stakers. Now, this revenue share is increased to 9%* and funnelled into the vault instead. The newly minted vault LP tokens are awarded to the stakers.

These can be claimed at any time, and can be withdrawn as $BERA, $YEET, or $HONEY if the staker desires. This means that:

• A big percentage of yeeting volume is effectively being used as a token buyback, since it is funneled into the $YEET/$BERA pool

• $YEET stakers automatically start earning all the rewards from the Liquidity Trifecta, and these rewards are compounded

  • This subjects rewards to impermanence loss risk, but the principal staked $YEET bears no economic risk

*Liable to change after conclusion of internal simulations to find optimal parameters

Wat happens after the $YEET/$BERA pool is whitelisted for $BGT rewards?

After the $YEET/$BERA Kodiak island is whitelisted in the official Berachain gauges and start earning $BGT rewards, this affects the yield farming flow of the trifecta, and subsequently, the vault strategy.

The changes that will occur are:

• A new Beradrome gauge will be deployed that farms the LP tokens in Infrared vaults instead of the Kodiak island

• A new Liquidity Trifecta Vault will be deployed that uses this new gauge, and all LPs will have to manually migrate

  • This process cannot be automated control over user feeds would be required to migrate liquidity, and the Yeet team will have no such controls

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