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On this page
  • General Information
  • How does the strategy make money?
  • How does the reward boost work?
  • Step-By-Step Explainer
  • Contracts

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  1. PRODUCTS
  2. 🔷Ethereum

3CRV

Previous🔷EthereumNextUSDC

Last updated 4 years ago

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General Information

3CRV strategy is available at:

Category

Details

Symbol

x3CRV

Risk Profile

Low

Strategy

Pooling + Compound Interest

Protocols

Curve Finance

How does the strategy make money?

All Force "Yield Automation" strategies generate revenue by investing the asset a user deposits, into an "incentivized" financial market.

In the case of the 3CRV strategy, the "incentivized" financial market is Curve Finance, where yield is generated by:

  • Pooling Fees: Native APY generated by providing liquidity to Curve's 3CRV AMM pool.

  • Compound Interest: Liquidating the CRV incentive rewards in exchange for 3CRV, which is then reinvested into the user's original position.

How does the reward boost work?

After a user deposits 3CRV tokens into the vault, the contract automatically mints and transfers x3CRV tokens into the user's wallet.

The x3CRV tokens can then be "staked" into the rewards pool, where the user can then benefit from additional token rewards in the form of xFORCE.

xFORCE are the interest-bearing version of FORCE. xFORCE yield is generated by a buy back mechanism outlined in the economics section.

Step-By-Step Explainer

  1. To invest into the strategy, users deposit 3CRV tokens into the vault contract.

  2. Upon deposit, they are issued a share of the vault, represented by x3CRV. These user's funds are then made available for investment according to the pre-defined "strategy" above.

  3. User's are able to deposit their x3CRV tokens into the "Rewards Pool" to receive an additional APY in xFORCE tokens.

Contracts

Type

Address

Vault

Underlying

Rewards Pool

https://forcedao.com/strategies
0xE43a0Ac0DeB85C902044c46D4556C06949788f48
0x6c3f90f043a72fa612cbac8115ee7e52bde6e490
0xDAa207f43B3F31f14216A181047EC0D596DD1713