Today, we’re excited to unveil our newest AgentFi strategy — the Pac Looper strategy!
After the success of our Orbit Looper strategy launch, we are excited to reveal that we’ve expanded out this strategy to build the Pac Looper Strategy. This strategy will work similarly to the Orbit Looper Strategy, but will use Pac Finance’s wide range of pools, and strong liquidity to run the strategy while earning PAC points!
Let’s dive in!
Pac Looper: A quick overview
- This strategy is built upon the new Duo Exchange and Pac Finance protocol.
- It aims to maximize the incentives provided by Pac Finance Pools for DETH and DUSD (Duo Exchange’s staked ETH and USDB positions).
There are two modes: Normal Mode and Degen Mode.
Explain it to me in more detail!
By supplying their DETH and DUSD holdings into the lending pools, users can borrow against them, allowing them to hold a larger notional position in these assets (by borrowing assets against their supplied assets). This increased leverage translates into levered exposure to points and rewards. For v1 of this strategy, we are setting the leverage to 2x, involving multiple loops to achieve an overall LTV ratio of 0.5.
Here’s a step-by-step breakdown:
Normal Option
- User Deposits Asset: User deposits ETH/WETH (DETH) or USDB (or DUSD)!
- User Selects Mode: User selects to boost points or boost yields!
- Strategy is Launched: Strategy is launched, and the Agent now has DETH (or DUSD)!
- Agent Lends (Supplies) DETH and DUSD on Pac Finance: Agent lends (supplies) holdings to the DETH or DUSD pool.
- Agent Borrows Against Lent Position: Users borrow additional DETH and DUSD on Pac Finance, effectively increasing their exposure.
- Looping Process until 2x Leverage: This process involves multiple iterations to reach the target LTV of 0.5 (2x Leverage).
Degen Option
- User Deposits Asset: User deposits ETH/WETH or USDB!
- User Selects Mode: User selects to boost points or boost yields!
- Strategy is Launched: Strategy is launched, and the Agent now has DETH (or DUSD)!
- Agent Lends (Supplies) DETH and DUSD on Pac Finance: Agent lends (supplies) holdings to the DETH or DUSD Moon Pool.
- Agent Borrows Against Lent Position: Users borrow additional ETH and USD on Pac Finance, effectively increasing their exposure.
- Looping Process until 2x Leverage: This process involves multiple iterations to reach the target LTV of 0.5 (2x Leverage).
What assets can I deposit?
ETH, WETH, or USDB, DETH, or DUSD.
What are the rewards?
Duo Exchange
You have the option here — forgo your points for yield now, or keep your points to yourself and ride it out in the hopes of making it big!
Description: Taken from Duo Exchange’s docs!
Pac Finance
- Blast Gold
- Blast Points
- Pac Points
- Ring Points
- Particle Points
How to get started?
1. Visit the AgentFi App: Head over to app.agentfi.io.
2. Connect Your Wallet: Connect wallet (e.g. Metamask, Rabby, Coinbase Wallet, WalletConnect).
3. Browse our Strategies: Take a look at our array of strategies within the ‘Strategy Factory’.
4. Launch Pac Looper Strategy: Launch the Pac Looper Strategy. Select the mode, boost option, and asset to deposit.
5. Monitor Strategy: Once it’s deployed, monitor your Looper strategy’s performance in terms of rewards.
6. Withdraw (Optional): Withdrawing will unwind your position and return funds to your address.
Before you go 👀
Make sure to check out our socials below, or view our docs for any further information you may need to know!
Documentation || Twitter || Discord || Medium
