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feat: lombard vault #11537

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feat: lombard vault #11537

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jameswstevens
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@jameswstevens jameswstevens commented Sep 5, 2024

NOTE

Please enable "Allow edits by maintainers" while putting up the PR.


  • If you would like to add a volume adapter please submit the PR here.
  • If you would like to add a liquidations adapter, please refer to this readme document for details.
  1. Once your adapter has been merged, it takes time to show on the UI. If more than 24 hours have passed, please let us know in Discord.
  2. Sorry, We no longer accept fetch adapter for new projects, we prefer the tvl to computed from blockchain data, if you have trouble with creating a the adapter, please hop onto our discord, we are happy to assist you.
  3. Please fill the form below only if the PR is for listing a new protocol else it can be ignored/replaced with reason/details about the PR
  4. For updating listing info It is a different repo, you can find your listing in this file: https://github.com/DefiLlama/defillama-server/blob/master/defi/src/protocols/data2.ts, you can edit it there and put up a PR
  5. Do not edit/push package-lock.json file as part of your changes, we use lockfileVersion 2, and most use v1 and using that messes up our CI
  6. No need to go to our discord and announce that you've created a PR, we monitor all PRs and will review it asap

Name (to be shown on DefiLlama):

Lombard Vaults

** This should be added to the Lombard page similar to ether.fi **

Twitter Link:

https://x.com/Lombard_Finance

List of audit links if any:

https://github.com/Se7en-Seas/boring-vault/tree/main/audit

Website Link:

https://www.lombard.finance/app/vault/

Logo (High resolution, will be shown with rounded borders):
Current TVL:

42.9M

Treasury Addresses (if the protocol has treasury)
Chain:

Ethereum

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)
Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)
Short Description (to be shown on DefiLlama):

Automated yield management solution designed to maximize BTC-denominated returns

Token address and ticker if any:
Category (full list at https://defillama.com/categories) *Please choose only one:

Liquid Staking

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):
Implementation Details: Briefly describe how the oracle is integrated into your project:
Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:
forkedFrom (Does your project originate from another project):
methodology (what is being counted as tvl, how is tvl being calculated):

All LBTC deposited into our vaults. ** NOTE: It overlaps with out broader TVL calculation***

Github org/user (Optional, if your code is open source, we can track activity):

@llamatester
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The adapter at projects/lombard-vault exports TVL:

ethereum                  43.90 M

total                    43.90 M 

@g1nt0ki
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g1nt0ki commented Sep 5, 2024

hi @jameswstevens thanks for the PR, but I have already included this as part of ether-fi vault: https://github.com/DefiLlama/DefiLlama-Adapters/blob/main/projects/etherfi-lrt/index.js#L8

@jameswstevens
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@g1nt0ki, apologies. This is not an Etherfi vault. This is the Lombard Vault. See https://www.lombard.finance/app/vault/

@g1nt0ki
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g1nt0ki commented Sep 6, 2024

but deployed by ether fi team?

@g1nt0ki g1nt0ki self-assigned this Sep 6, 2024
@jameswstevens
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jameswstevens commented Sep 6, 2024

@g1nt0ki
no, it is a Veda vault.

@g1nt0ki
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g1nt0ki commented Sep 9, 2024

yes, but whitelabeled to ether fi? #10566

@jameswstevens
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@g1nt0ki, no. Actually in a few days, none of the Veda vault will have any TVL in Etherfi. See here the vault: https://debank.com/profile/0x5401b8620e5fb570064ca9114fd1e135fd77d57c.

@g1nt0ki
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g1nt0ki commented Sep 10, 2024

*what is the relation with ether fi? I meant this is listed in the ether fi webpage and veda is managing it on their behalf

@jameswstevens
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We are depositing into Etherfi in the short term (from the vault). The user can individually stake into Etherfi as well. We asked Veda to place some vault TVL into etherfi to bootstrap liquidity. The vault and etherfi are two separate offerings.

@g1nt0ki
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g1nt0ki commented Sep 11, 2024

to be clear, you are telling me that this is not the vault that you are trying to list but part of your vault is being deposited here?
image

@jameswstevens
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jameswstevens commented Sep 11, 2024

Apologies for back and forth.

Correct - Veda provides a Vault service. Etherfi Vault and Lombard Vault are two separate services using Veda Vault Infrastructure but not the same vault.

  1. Lombard has a "Lombard Vault" (Veda Vault 1).

  2. Etherfi has an "Etherfi vault" (Veda Vault 2). The confusion here is that Etherfi allows the user to stake LBTC on their platform and use this in their own vault (Veda Vault 2).

The user has two options which do not overlap

Lombard Platform:
BTC --> LBTC --> "Lombard Vault" (Veda Vault 1)

Etherfi Platform
BTC --> LBTC ---> Etherfi --> "Etherfi Vault" (Veda Vault 2)

The request I am bringing to this PR is Veda Vault 1.

On the comment from earlier: To bootstrap liquidity on Vault 2, we did as follows.

BTC --> LBTC --> "Lombard Vault" (Vault 1) --> "Etherfi Vault" (Vault 2)

We will withdraw all TVL going from Vault 1 --> Vault 2 in a week

@g1nt0ki
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g1nt0ki commented Sep 12, 2024

so, "0x5401b8620E5FB570064CA9114fd1e135fd77D57c" is the address of veda vault 1? what is the address of vault 2? because I am fairly certain that '0x5401b8620E5FB570064CA9114fd1e135fd77D57c' is the vault ether fi have on their page (the tvl matches)

@jameswstevens
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This is vault 1 (Lombard Vault): 0x5401b8620E5FB570064CA9114fd1e135fd77D57c
This is vault 2 (Etherfi Vault): 0x657e8C867D8B37dCC18fA4Caead9C45EB088C642

@g1nt0ki
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g1nt0ki commented Sep 13, 2024

my bad, I was blind and confused the two, really sorry about that. We will list this soon: 9d66454

I see that some morpho tokens are not priced, will fix that.

@g1nt0ki g1nt0ki closed this Sep 13, 2024
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