Vaultka
Search
K

GLP Neutral (v-WATER)

Overview

v-WATER is the Corresponding Supporting Vault of DILUTED VODKA, which is indeed a USDC Lending Vault.
v-WATER is designed for low-risk USDC holders who are looking for higher returns than pure staking, while still maintaining principal projection. With its innovative reward split mechanism with VODKA, v-WATER offers a unique investment opportunity for those seeking a secure and profitable investment.
Please refer to the detailed reward split ratio here.

Mechanism

v-WATER Vault will provide capital to AAVE to share the collateralized position with VODKA Vault:
  1. 1.
    Supply USDC to AAVE
  2. 2.
    Provide capital for the shorting position establishment in AAVE
  3. 3.
    Receive additional rewards from GLP based on Utilization Rate (UR)

Product Risk

As a USDC low-risk saving vault, the team has executed comprehensive risk mitigation on v-WATER. Those include:
  1. 1.
    AAVE Health Factor Monitoring Bot
  2. 2.
    Slippage Control
  3. 3.
    Rebalance Trigger