0xbageltoes / FlatPerp

Build a yield strategy with Tribe Turbo and ERC-4626

Flat Perp

Democratized access to flat power perps via a composable, tokenized vault standard.

How it works

Flat Perp alternates between two different Power Perp strategies!

Vault States

• Vault is below 6.9 ETH: Funds go into the Euler strategy
• Vault is above 6.9 ETH: Funds go into the Power strategy

Euler Vault

(Deposit ETH -> Borrow oSQTH -> Short oSQTH)

Power Vault

(Withdraw ETH -> Swap to oSQTH -> Repay oSQTH Loan -> Take out ETH Profit)

Getting started

1. Git clone this repo: git clone https://github.com/fei-protocol/ethAmsterdam-getting-started.git
2. Install Forge and contract dependencies: git submodule update --init --recursive
3. Install developer dependencies: npm install
4. Compile contracts: forge build
5. Run tests by forking mainnet: API_KEY=0x123 forge test --fork-url https://eth-mainnet.alchemyapi.io/v2/$API_KEY

Prerequisites

Forge installed. To install:

1. curl -L https://foundry.paradigm.xyz | bash
2. foundryup

Background

FlatPerp is built on top of three products: ERC4626, Squeeth & Euler!

ERC-4626

A new standard for Tokenized vaults. It represents a strategy which is itself also tokenised

• https://github.com/fei-protocol/ERC4626

Squeeth

• https://squeeth.opyn.co/

Euler

• https://app.euler.finance/

ABIs and Mainnet addresses

Commonly required ABIs and mainnet addresses, for use when creating Hardhat based hacks, are available in the protocolArtifacts/ dir.