What is Dyson? Dyson is a project in the Yield Farming segment with the ambition to bring the highest profits to users in Sphere Finance’s ecosystem. In the previous article we learned about Sphere Finance and the projects in its ecosystem. In this article, I will learn with you in detail about a project in the system, Dyson.
To understand more about Dyson, people can refer to some of the articles below:
- What is Sphere Finance? Overview of Cryptocurrencies Sphere Finance
- What is Yield Farming? Make Profits As People Become “Farmers” In DeFi
- What Are Yield Derivatives? Will Yield Derivatives Become the Next Trend of Yield Farming
Dyson Overview
What is Dyson?
Dyson is a tool that maximizes profits for users by creating vaults, each vault is a different investment strategy tailored to each person’s risk appetite. All investment strategies will be secured and automated with smart contracts. Dyson also provides automatic interest income and reinvestment features to bring higher profits to users. When participating in Vaults on Dyson, people can withdraw assets at any time.
Dyson products
Vault
As Dyson’s main product, as I said before, Vault is different investment strategies that help people make profits and make reinvestments to bring in higher profits.
When you deposit money into the Vaults, you will receive dysontoken back, which is proof of the number of tokens you have deposited into the vault, you can use it to withdraw your assets at any time.
Position Managers
One advantage you probably already know is that with Uniswap v3, there is a huge improvement that helps liquidity providers earn better profits with the same amount of liquidity provided. Centralized liquidity is a form where users will determine the price ranges they want to provide liquidity, not infinitely like before, this will help users collect much better transaction fees. But this also requires liquidity providers to regularly monitor the market to determine which price ranges are most optimal. It will not be suitable for people without much experience.
To solve this problem, Dyson built Position Managers, which automatically determine price ranges and automatically set them to optimize the amount of liquidity deposited by users. Currently, Dyson has set up Position Managers on many different chains such as Polygon, Optimism, Arbitrum.
Exotic Strategies
Similar to the investment strategy on Vaults, the only difference is that it will invest on many different protocols.
To understand easily, look at the diagram below:
Users deposit ETH, MATIC or USDC tokens into Dyson Vault, these tokens will be invested in a certain protocol to earn profits, then the profits earned will be automatically invested in a Dyson other vault to gain higher profits.
Liquid Market
This is the 4th piece of Dyson’s puzzle, it is for projects that apply the ve(3,3) model. Instead of having to lock tokens for a long period of time (usually 16 months to 4 years) to receive maximum profits from the project, users only need to deposit tokens into Dyson to receive the same profits as if they owned them. governance token and can be sold at any time. To make it easier to imagine, let’s look at this example:
SolidLiZard is a DEX on Arbitrum. Normally, users will lock the SLIZ Token (the project’s native token) for 4 years to receive veSLIZ for administrative purposes and to share revenue from the project.
However, what if you don’t want to lock in for 4 years but still want to get the maximum benefit?
Now you need to go to Dyson, you just need to deposit SLIZ tokens into Dyson, the project will give you spSLIZ tokens, you deposit tokens into the spSLIZ/SLIZ pool and wait to receive profits. Dyson will use your SLIZ to deposit into SolidLiZard and lock it for 4 years to gain maximum administrative rights and maximum profits. Then a part of the profits earned will be used as an incentive for the spLIZ/SPIZ pool, a part will be used to buy back spSLIZ when losing pegs, or users can also buy spLIZ at a discounted price, this Helps maintain a 1:1 ratio in the pool.
Development Roadmap
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Core Team
Dyson is built by the developers of Sphere Finance.
Investor
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Tokenomics
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Exchanges
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Dyson Project Information Channel
- Website: https://www.dyson.money/
- Twitter: https://twitter.com/dyson_money
- Discord: https://discord.gg/spheredefi
- Mediumm: https://medium.com/@dyson.money
Summary
Dyson is a project in the Sphere Finance ecosystem, providing users with many different investment strategies to maximize profits, suitable for those who do not have much experience in the DeFi market. If you are interested in the project, please follow me to update the latest news.