Holding Contract
Purpose.
The holding contract custodies protocol held positions on behalf of 3Fi token holders. This contract is designed to be as autonomous as is technologically possible.
Human interaction is limited to:
The inclusion or exclusion of assets within the HC portfolio.
CRV destination through vote weight.
Function.
To receive and redirect assets into vehicles that maximise their forward yield, benefitting:
The 3 ecosystem, then
3Fi token holders.
Source.
The holding contract receives assets from multiple sources:
Primary sources:
GuildSwap FARM (GSF) asset acquisitions (CRV derivatives, CRV, CVX & SDT),
GuildSwap ARBITRAGE (GSA) asset acquisitions (CRV derivatives),
Arb.Fees accrued through GSA activity (GUILD tokens),
Distribution Engine - Legend's share (surplus ETH),
Distribution Engine - Creditor distributions (surplus ETH),
Legend Incubator(s) - Lending revenue share (GUILD tokens),
SSLPC - Lending revenue share (GUILD tokens),
SSLPC - Liquidation activity (GUILD tokens & 3Fi tokens),
(SSLPC details will be shared when available).
Additional planned sources will be added to the above list once their development begins.
Secondary sources:
Composed 3NFTs (crvUSD).
Redirects.
Each of the above input sources can be mapped to the Holding Contract's output destinations:
Vehicle redirects (designations) with respect to asset.
CRV : Swapped to a governance defined derivative, deposited into chosen derivatives native CDP.
sdCRV : deposited into native CDP.
yCRV : deposited into native CDP.
cvxCRV : deposited into native CDP.
CVX : deposited into stCVX CDP (will change to vlCVX LDP when pool is deployed).
SDT : Permanently locked in Stake DAO as veSDT.
GUILD : Accumulates till a 3Bond can be minted.
3Bonds : Accumulates till a Legend Incubator can be reserved.
3Fi : Permanently staked to accumulate VW3.
VW3 : Models are yet to be defined: Vehicle to be determined.
ETH : Vested to 3Fi token holders.
crvUSD : Pushed to Settlement Contract(s).
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