🏺Amphor Overview
Overview
Last updated
Overview
Last updated
Amphor is an EVM-based yield aggregator tailored for the decentralized finance (DeFi) ecosystem. The v0 (closed beta) was initially launched on Ethereum mainnet in October 2023, and the v1 (public release) was subsequently deployed in April 2024. Amphor's primary objective is to offer web3 users seamless access to competitive and evolving DeFi yield strategies through a "set and forget" approach. Amphor utilizes a set of ERC-4626 standards to enhance composability among EVM-based protocols and yield-bearing assets.
Key Features:
Yield Aggregation: Amphor optimizes asset allocation across a selection of DeFi protocols to maximize yield. Amphor vaults support a variety of whitelisted yield-bearing assets on BTC, ETH & Stables, and implement adaptive strategies to maximize risk-adjusted returns, adhering to DAO governance rules.
Boosted ETH Vault: Amphor's flagship vault allocates wETH (wrapped Ether) to multiple underlying ETH-denominated assets and whitelisted protocols. Featuring automatic rebalancing to optimize user fees and benefit from the compounding effect, the Boosted ETH vault is designed to maximize yield and generate protocol points.
Symbiotic LRT Vault: The latest Amphor vault is 100% focused on the Symbiotic restaking infrastructure, allowing Amphor users to get priority access to Symbiotic and maximize rewards. The strategy leverages four Symbiotic-native LRTs deployed via the Mellow factory: amphrETH, rstETH, steakLRT, and Re7LRT.
Governance: Amphor is governed by a decentralized autonomous organization (DAO), allowing for community-driven decisions and protocol enhancements. This includes the pre-selection of assets and protocol integrations into Amphor vaults.
How do Amphor Vaults work?
Deposits
When users deposit assets into Amphor Vaults, they mint the LP tokens that represent their proportionate share of the underlying assets in the corresponding vault, made possible by the ERC-4626 standard-led nature of vault architecture.
LP tokens, when claimed, are transferable. Their underlying value may be realized before settlement on the secondary market or can be used in the wider decentralized finance ecosystem, taking advantage of DeFi composability.
Amphor vault interface
User-deposited assets are allocated and rebalanced across DeFi protocols to generate yields through a combination of positions in whitelisted Decentralized Exchanges (DEX), yield aggregators, and money market modules. The generated yield (along with additional rewards) is transferred back to the Vault and, in turn, dispatched to the depositors.
Withdrawals
When users withdraw, their corresponding vault share is calculated using the asset pricing function, which is called before settlement. Asset pricing is based on the underlying whitelisted protocols integrated into respective Amphor vaults.
