Hammer Finance
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Hammer Finance

Balancer Yield Aggregator

Introduce Hammer Finance and our yield aggregator of Balancer

Introduce Balancer

Balancer Yield Aggregator

First Vault for “BAL/WETH 80/20

  1. We trigger the smart contract of the vault to claimed the distributed BAL for all depositors and supplied it back to the pool every week.
  2. After step 2, the total BPT held by the vault is increased so the price of hBPT also increases.

Claim BAL with Merkle Proof

The balance of distributed BAL that can be claimed by BPT holders is not on-chain. The balancer team calculates the result and put it on IPFS every week. When you want to claim your BAL through their smart contract you need to provide the Merkle Proof of the result.

Introduce Fair Rate

Since Balancer distributes mining reward (BAL) on a weekly basis. It’s possible that a user can join the vaults just before the harvest and gain the previous week’s reward without contributing anything.

Implementation

Our design of the contracts is based on the Yearn Vault contracts. It inherited legacy Vault-Controller-Strategy architecture. Please check our Github repo and docs for details. The strategy contract is still under audit, so please use it at your own risk. We have launched the beta version on mainnet: https://hammer.finance!

Hammer Finance

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