Take control of how to manage your AUSD Staking Yield
Using YIELD MANAGER makes it easy to:
This project makes extensive use of the Acala Scheduler to allow the user to choose the desired reinvestment strategy for their AUSD yield from existing liquidity pools.
We have created two types of smart contracts.
Background Info on BUIDL
Firstly we needed to create a form of staking income so the user could stake, for example DOT, and receive AUSD and keep as income or they could swap the AUSD for ACA or another coin e.g. DOT or LDOT to dollar cost average (DCA).
Due to the current state of the testnet Acala Mandala TC7, it has not been possible to stake DOT for LDOT or claim rewards from any of the available pools.
Therefore we have created a staking smart contract where DOT that are staked, pays a yield in AUSD.
In addition we created a smart contract strategy that automates the yield collection of AUSD on a regular basis using the Acala Scheduler and swaps it for ACA before transferring it back to the user.
Created for the following bounties of the Amsterdot 2022 Hackathon:
ACALA - EVM+ DAPP FOR AUSD YIELD