Epoch 16 Development Update
Saffron epoch 16 starts today — as usual, please remove and re-add your liquidity on our web3 app to enter into the new epoch. It’s always best to check a gas tracker to take action on-chain at the lowest possible cost.
When V2?
The most frequently asked question asked about Saffron is when V2 is going to be released. From here on out, we’re going to be releasing frequent development updates, as well as developing in open GitHub repositories. We’re at the point where it’s possible to do that because the work that’s already been done on V2 has solidified our concept of V2 and perpetual staking. Let’s start with a list of the upcoming new pools:
- Saffron V2 perpetual staking for SFI and AMM pools
- Saffron V2 perpetual staking for tranche-based pools
- Saffron V2 impermanent loss protection pools
- A new pool type making use of the Saffron V2 senior/junior tranche interface, Compound lending, and Chainlink price feed oracles
Saffron V2 perpetual staking for SFI and AMM (dex) pools
This is the update that should be audited and completed first — because SFI staking is used only in the off-chain snapshot strategy, and AMM pool rewards are purely incentives for staking for our pools and our partners, these pools can be migrated to a modified masterchef contract that’s tailored for Saffron V2.
You should expect to see an audit and code relating to these pools soon, and we might even be able to open them before the others are complete.
Saffron V2 perpetual staking for tranche-based pools
Our current work on Saffron V2 is focused on the tranche exchange rate mechanism invented for our market rate pool, which is being applied to our enhanced interest rate pool, similar to the ones that exist on Saffron already.
The major difference in this case is that all deposits are locked perpetually until an unlocking transaction is sent to the pool. The unlocking transaction begins a 2-week waiting period, which once complete, allows the user to remove liquidity. This ensures high APY for junior tranche while simultaneously ensuring coverage for the senior tranche.
Saffron V2 impermanent loss protection pools
One advantage of Saffron V2 is that the generic structure of the pool is versatile and simple enough to facilitate almost any “coverage” and “enhanced earning” paradigm by boiling down the complexity of that interaction into a simple radio button for the user to click on a web3 app. The first interaction (going long volatility and short volume, or vice-versa) via impermanent loss protection / enhanced fee-rate APY will be launched next.
A new pool type
Saffron V2 begins a new chapter for Saffron where the generic senior/junior tranche interaction described above is composable with other DeFi primitives to produce novel DeFi products by making use of market forces and on-chain economic activity. This is something we’re pursuing to bring brand new products into the ecosystem for others to make use of.
Sushi rewards
Remember: SFI/ETH Sushiswap rewards are ongoing and distributed every epoch for Sushiswap liquidity providers. SUSHI distribution for the previous epoch (epoch 15) can be found here.
Join the community
Web3 app: https://saffron.finance
Telegram: https://t.me/saffronfinance
Discord: https://discord.gg/pDXpXKY
Twitter: https://twitter.com/saffronfinance_
Github: https://github.com/saffron-finance/saffron
