LTV Protocol

Maximizing crypto yield securely

Trustless

Permissionless

Curatorless

Trustless

Permissionless

Curatorless

Any
token

Any lending
protocol

Leveraged
Token

Enhance your cryptocurrency returns effortlessly. Unlike traditional yield-bearing tokens (e.g., LST, LRT) that require complex manual steps for leveraging through lending protocols, our leveraged token automatically optimizes its position for you. Simply acquire the token to instantly access higher yields without manual management or backend complexity.

Ultimate Equation

The LTV protocol operates as an implementation of the ERC-4626 vault standard, managing a collective leveraged position within a lending protocol. It continuously rebalances to maintain a target loan-to-value (LTV) ratio in a permissionless manner using incentive-driven auctions. Each time a user deposits or withdraws assets, the vault recalculates the optimal collateral-to-borrow ratio using the equation:

and adjusts it through auctions. As a result, after every interaction, the system automatically aligns the vault with the target leverage. The complete model is detailed in our paper.

Constant Target LTV

In this paper, we provide a comprehensive mathematical framework and formal model for the LTV Protocol, demonstrating how we develop curatorless leveraged tokenized vaults. If you're curious about the underlying mechanics and mathematics involved, delve into the details here.

Smart contracts

The LTV Protocol is live on Sepolia Testnet with a fully functional implementation of its dual EIP-4626 vault system, featuring automated leverage management via auctions rebalancing. You can explore the full contract architecture, including rebalancing logic, auctions, and collateral mechanics, in our GitHub repository.

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Integrations

These are the protocols the team is working with in the first vaults

Lending protocols:

Assets:

Integrators: