Vaults

Deliver consistent yields and robust security

Introducing the JUP Vault

The JUP Vault on WeaveLink is designed to maximize the utility of your deposited assets by participating in Jupiter's ASR (Active Staking Rewards) voting system. When you deposit assets into the JUP Vault, they are utilized to borrow JUP tokens from top Solana protocols to be used in Jupiter's ASR. These JUP tokens are then locked up in Jupiter's ASR smart contract until the voting concludes in October. User funds will not be used to purchase JUP directly; instead, they will be utilized solely for lending purposes, allowing the vault to borrow JUP.

As a contributor to the JUP Vault, you'll earn rewards based on the voting participation. Once the voting event ends, the accumulated rewards are distributed among the WeaveLink's JUP Vault participants. This vault offers a unique opportunity to engage with the governance processes of Jupiter ecosystem while earning additional returns on your assets.

JUP Vault Summary:

1. Deposit: Users deposit assets into the JUP Vault, Solana and Ethereum (incur fees due to bridge) assets are both accepted.

2. Borrow JUP: The deposited assets are used to borrow JUP tokens. We'll use Drift/MarginFi/Kamino.

3. Jupiter's ASR: The borrowed JUP tokens will be staked and used to vote via ASR.

4. Manage Risk: WeaveLink actively manages liquidation levels to safeguard your assets, utilizing an insurance fund for added protection.

5. Withdraw: Users can withdraw their assets after the lock period ends.

6. Unstake JUP: JUP tokens are unstaked (30days waiting period) from the ASR contract.

7. Return Assets: The original assets are returned to users.

8. Receive Rewards: ASR rewards are paid out to users after the voting event ends.

Reference: WeaveLink JUP Vault

Formula:

Af = Asset Funds (token's USD value)

Aw = Asset Weight (based on Solana protocol)

Jw = JUP Weight (based on Solana protocol)

Jb = JUP Borrowed (based on Solana protocol)

Jpd = JUP Price on deposit (based on Coingecko)

Jpw = JUP Price on withdraw (based on Coingecko)

Ar = ASR rate (50M / Average number of votes per voting)

At = ASR token reward (token's USD value, paid every after ASR voting event)

An = number of ASR voting event (1 event per quarter*)

APY = Annual Percentage Yield

*ASR event for Q4 will be decided this Q3 2024

$$Jb = \frac{\frac{Af * Aw}{Jw}}{Jpd}$$

$$At = Jb * Ar * Jpw$$

$$APY = \frac{At}{Af}*An$$

Notice:

• The JUP Vault's APY is dynamic, fluctuating in response to the current market volatility of JUP's price on the Solana network.

• Withdrawals can be made at any time, with a 1-day processing period before your assets are available. Due to the JUP ASR’s unstaking requirement, the APY rewards will only be sent after the quarterly voting event ends.

Introducing the MET Vault

The MET Vault harnesses the power of Meteora's Dynamic Liquidity Market Maker (DLMM) pools, specifically designed for stablecoins like USDT and USDC. Similar to foreign exchange markets, this vault operates by providing liquidity, with Meteora's DLMM collecting minimal fees for its services, which in turn generates earnings for you. Here's how it works:

1. Stablecoin Deposits: Users deposit USDT or USDC into the MET Vault. These stablecoins are specifically chosen for their stability and widespread use in DeFi, making them ideal for liquidity provision. Ethereum assets will incur fees due to bridge.

2. Liquidity Provision: Once deposited, your stablecoins are allocated to Meteora's DLMM pools. These pools function similarly to foreign exchange markets, where liquidity is provided to facilitate trading between different assets. The WeaveLink MET Vault automatically adjusts liquidity levels based on market conditions, ensuring efficient trading and minimal slippage.

3. Fee Collection: As your assets are utilized within the DLMM pools, Meteora collects very small fees for its liquidity provision services. These fees are minimal but consistent, contributing to the overall returns of the vault.

4. Optimal Pool Selection: WeaveLink's MET Vault continuously monitors the available DLMM pools and selects the one that offers the best potential returns. This ensures that your assets are always positioned in the most advantageous pool, maximizing the value generated from your investment.

5. Strategic Positioning: The MET Vault also sets the optimal position within the selected DLMM pool to capture the most value. This involves strategically placing liquidity in areas of the market where it is most likely to be utilized, thereby increasing the fees earned and enhancing your overall returns.

6. Earnings and Withdrawals: Over time, the fees collected from the DLMM pools accumulate, and the value of your investment grows. Withdrawals can be made at any time, with a 1-day processing period before your assets are available.

In summary, the MET Vault simplifies and optimizes the process of earning returns on stablecoins by utilizing Meteora's cutting-edge DLMM technology. By automatically selecting the best pools and strategically positioning your assets, the MET Vault ensures that you get the most out of your stablecoin investments.

Reference: WeaveLink MET Vault

Optimized DLMM Strategy (Sept 4, 2024)

Notice:

• The MET Vault's APY is dynamic, fluctuating in response to the current market volatility of stablecoins' swap transactions on the Solana network.

• Funds in the MET Vault may serve as an insurance reserve fund for the JUP Vault. In return, the JUP Vault's APY rewards will be allocated to the specific MET Vault funds utilized for this purpose.

• Withdrawals can be made at any time, with a 1-day processing period before your assets are available.