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SCREAM x RoboVault Partnership

Robo Vault 10 31

Via Medium

SCREAM x RoboVault Partnership

SCREAM is a decentralized lending protocol for individuals and protocols to access deep liquidity within the Fantom network. The protocol is permissionless, transparent, and non-custodial. SCREAM…

SCREAM is a decentralized lending protocol for individuals and protocols to access deep liquidity within the Fantom network. The protocol is permissionless, transparent, and non-custodial.

SCREAM enables users to borrow and lend tokens directly on its platform with low fees due to the high scalability of the Fantom Network. With its quick speeds and low transaction costs, Fantom helps protocols offer the best possible user experience.

Launching in early Q3 2021 SCREAM has already become the premiere lending protocol on Fantom amassing over $190M TVL.

RoboVault offers a number of single asset vaults utilising our Single-Asset Yield Farming Strategy in which users deposit tokens such as USDC, WBTC & WETH. The vaults automatically allocate a percent of vault holdings to a lending protocol while borrowing a secondary token to create a LP Position for high yields. Vaults automatically compound reward tokens while also rebalancing vault holdings over time minimise exposure to impermanent loss from high price movements.

One-Click Leverage

To further improve capital efficiencies for users of both SCREAM & RoboVault, both teams have worked together to develop a “one-click” leverage solution that will power the SCREAM protocol. This will allow users to more easily enter and manage their leveraged positions while saving on gas fees. Users can not only leverage/deleverage positions through the simple UX, but the expected impact of their leveraged positions will be clearly shown to the user.

The one-click leverage contracts will work as follows:

  1. user specifies which asset it wants to use as collateral & which asset will be borrowed along with settings for number of loops, desired collateral ratio & slippage;
  2. user opens position and deposits collateral into the one-click leverage contract;
  3. the one-click leverage contract then automatically borrows the secondary asset & swaps for the collateral asset on SpookySwap for the desired number of loops specified by the user; and
  4. over time, the user can adjust their position by adding / withdrawing collateral, deleveraging the position and/or harvesting SCREAM rewards.

Using one-click leverage will ultimately allow users to more easily construct leverage positions to support a multitude of different strategies — all with greater efficiency, giving more potential upside from price movements or the ability to more easily hedge against price movements with less capital.

Over the next weeks, both teams will be focused on stress-testing various iterations and strategies to fully harness the power of one-click leverage and both expect full deployment on https://scream.sh/ this month.

Additionally, RoboVault will be developing some advanced experimental vaults that fully utilises one-click leverage functionality in combination with the concentrated liquidity offered by SCREAM’s money markets.

Both SCREAM and RoboVault are excited to continue working together to unlock a further suite of tools and products that can harness the most advanced strategies for DeFi users.