AAVEv2-V1 Strategies

You can read more about overall security and risks of using the Flashstake Protocol by heading over to Security.

Important

Flashstake Strategies are used by the Flashstake Protocol to facilitate where the staked tokens are directed towards as well as how up-front yield is generated when burning fTokens.

Flashstake Strategies can be developed and registered with the Flashstake Protocol by anyone but the Flashstake DAO chooses which Strategies are listed on the frontend located at app.flashstake.io

Contract Addresses

Network

Contract Address

fToken Name

fToken Address

Ethereum

0x89988FB43890C857205Cee04413EF173c93f55fc

fDAI-8998

0x5028c667D1C9DA0A9090f16E1607F60B7717FC6a

Ethereum

0x15c32F81Df9B00b97B68148B6BdeB72D57f24845

fUSDC-15c2

0xe221bBf1D5960FC420D451206cF2ee0539398aAC

Please note: The code for this Strategy can be found via block explorers such as Etherscan/Snowtrace.

Strategy Information

AAVEv2-V1 strategies are the first generation of strategies built on top of the AAVE protocol (AAVE version 2).

This strategy is built on top of AAVEv2 which as of Oct 2022 has a market size of over 5 billion USD.

This Flashstake strategy accepts tokens from depositors and pays upfront yield in kind.

Users can early unstake their principal deposit at any time if in possession of the required amount of fTokens. The full amount of accumulating yield is available for redeeming fTokens or direct flashstaking. The deposited stake tokens is redirected to the AAVE-V2 lending pool to generate interest.

This strategy has been tested via testnet competitions which attracted over 10,000 interactions.

Please note this strategy does not allow the Controller to manage deposited funds in any way. The strategy Controller cannot withdraw principal tokens or yield tokens (aTokens in this case).

Risks

  • In the event a smart contract bug is found in this strategy the Owner/Controller has no ability to β€œRescue” funds.

  • In the event the underlying protocol is compromised, staked tokens may be at risk.

  • In the event the underlying protocol has lent out all Staked tokens, you will be unable to unstake until there is sufficient liquidity.

Controller Powers

This Strategy implements Ownable and is controlled by the Flashstake DAO. There are limited powers available over this contract as explained below:

  • Ability to withdraw any ERC20 token that is not the AAVE interest bearing token. This is to ensure users can be refunded if ERC20 tokens are accidentally sent to this address. Please note, principal tokens cannot be withdrawn by the Controller.

  • Ability to claim AAVE rewards from the AAVE rewards pool. These rewards will be deposited directly into the contract.

β€œFlashstake DAO” consists of a multisig located at the following addresses:

Network

Multisig Address

Ethereum

0x8603FfE7B00CCd759f28aBfE448454A24cFba581

Optimism

0x3144F26fBc2421e5E69f87Ff8c54799e60a4fBB9

Arbitrum

0xEeB3f4E245aC01792ECd549d03b91541BC800b31

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