Dear Nexus Community,
As we head into the new year, we’re happy to open up the Nexus Protocol research forum as a space for the community to discuss and debate ideas that can add value to the protocol and community at large.
The team is actively working on the following initiatives that we’d love to get the community’s feedback on. Moving forward we will treat this forum as a live updating roadmap for Nexus.
Under each of the following products we have included 3 pieces of summary information → [TYPE, PRIORITY, STATUS]
TYPE: To effectively categorize future products we will place them in 3 main categories.
PRIORITY: Conveys where a product current falls on our priority list.
- Primary: Receiving full attention from the team.
- Secondary: Receiving partial focus from at least one member of the team. Once Primary priority products are complete, secondary products will be moved to Primary.
- Priority Que: Will be assessed for priority once primary and secondary priority products have been shipped.
STATUS: This information provides at a high level what major work is being done currently on a specific product.
Mirror Short Leveraged aUST Farm
[Type: Labs]
[Priority: Primary]
[Status: Under Development]
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Description:
By leveraging both Anchor and Mirror Protocol, Nexus will allow users to achieve yield on their UST above the prevailing Anchor Earn rate, subject to varying time-lock conditions such as a fixed deposit of 3 months. This strategy involves the use of aUST as collateral to mint mAssets and does not rely on MIR token incentives to achieve its yield. Users or protocol treasuries with a long-term strategic allocation to UST can therefore grow their funds quicker as compared to a “vanilla” deposit on Anchor.
LP Money Market
[Type: Money Market]
[Priority: Primary]
[Status: Under Development]
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Description:
We are working on deploying a money market native to Terra that will allow users to, in our v1 implementation, either borrow UST on LP tokens or deposit UST to earn yield (Expanding to other side of the LP token in v2). This could serve multiple use-cases including the hedging of impermanent loss when providing liquidity and allowing users to gain leverage on their assets. This money market will further grow the programmability of assets on the Terra blockchain and we’re excited to hear any ideas or perspectives from the community about such a product.
On-chain Rebalancer Vault
[Type: Vault]
[Priority: Secondary]
[Status: Profitability Modeling]
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Description:
Idea & strategy contributed by Cephii, on-chain pseudo-grid bot; observing and taking profit from the volatility of the asset. Alternative investment strategy for liquid Luna on chain.
Leveraged bAsset Strategy
[Type: Labs]
[Priority: Secondary]
[Status: Pending Resourcing]
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Description:
Idea & strategy contributed by LUNAomics
For users that remain bullish on the price of various assets on the Terra blockchain (LUNA being the chief asset of interest), Nexus is happy to deploy a strategy that will allow users to lever up their price exposure to LUNA and helping users managed their LTV in a dynamic fashion, responding to the price action of LUNA.
Wrapped mAsset Strategy
[Type: Labs]
[Priority: Secondary]
[Status: Market Demand Investigation]
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Description:
Users who currently hold mAssets for price exposure to equities currently forego the dividend yield enjoyed by their counterparts in the traditional equity markets. This can constitute a signifcant driver of asset returns especially for more ‘value’ equities recently listed, e.g. mJNJ and mKO. Hence, Nexus has developed a wrapped mAsset Strategy that utilises delta-neutral principles and Mirror short farming to provide users with yield that will mimic existing dividend distributions.
Additionally, we are progressing well on key initiatives and features previously announced:
Integration of bAsset holding in our nAsset vaults
Description:
Where yields are expected to be superior, our nLUNA vault will cease borrowing activity on Anchor and instead hold bLuna to collect staking rewards. This will ensure that the nLUNA strategy is the apex vault for ours users to park their bLUNA in. Smart Contract development is completed and under review. Once fully reviewed and tested, update will be proposed by Nexus Governance.
[Expected Update Feb 2022]
EthNexus V1 & nAsset Autocompounder
Description:
EthNexus will provide a easy to use interface for Ethereum users to convert native ETH on Ethereum to nETH on Terra & visa versa. As a part of this product launch we will also be updating all current bAsset vaults to provide the optionality for users to compound their yield back into the native bAssets they deposited.
[Expected Launch Feb 2022]
In addition to the product and initiatives listed above, we invite all community members to put forth any ideas they might have to expand the Nexus ecosystem and to grow the value our products can bring to the community. Please take some time to read the guidelines we have provided for discussions on the forum.
We hope that you’re just as excited as we are for the year ahead.
