Goons,
Corn from Yearn here. We’ve completed building a new product called Stake The Bridge (STB) and we’d like to have it considered for integration in the Pilani upgrade. This product was built for any Polygon CDK partner to integrate so they can earn yield natively and make even idle assets productive.
Native Yield is big meta right now, and STB allows a user to bridge from an L1 to the L2, while the asset is generating yield on the L1, and the user receives a vanilla token on the L2.
The idea is to take that yield on the L1 and make it productive. For instance, I propose we take that yield and buy back $MATIC tokens and put them into a grants treasury. We can do what we’d like with the yield.
Some strategies and assets we can start with are:
USDCe - yvUSDC
USDT - yvUSDT
ETH - stETH
DAI - sDAI
FRAX - sFRAX
This product is built and ready for integration right now:
Design docs and code: https://github.com/yearn/yearn-stb
Audit: https://reports.yaudit.dev/reports/05-2024-Yearn-STB-yAudit-report/