Prisma Vault

A sophisticated yield-generating vault built on Hyperliquid that implements automated leverage strategies to maximize returns for users through a proven Boring-Vault architecture.

🌟 Overview

Prisma is an automated vault system that creates leveraged yield opportunities by:

• Implementing staking mechanisms through stakedhype.fi
• Utilizing Felix Vanilla Markets for collateral management and borrowing
• Creating leveraged loops that amplify yield generation
• Providing secure deposit/withdrawal functionality with shares-based tracking mechanism and access controls

⚡ Key Features

Core Functionality

• Automated Yield Generation: Custom strategies that maximize returns through leveraged positions
• Staking Integration: Seamless interaction with stakedhype.fi for additional yield opportunities
• Leveraged Loops: Sophisticated borrowing and lending cycles using Felix Vanilla Markets
• TVL Protection: Built-in total value locked guards to maintain vault stability

User Experience

• Simple Deposits/Withdrawals: Easy-to-use interfaces for fund management
• Access Controls: Comprehensive permission system for secure operations
• Transparent Operations: Clear visibility into vault performance and strategy execution

🔧 Technical Implementation

Smart Contract Components

• Vault Controller: Core contract managing user funds and strategy execution
• Strategy Manager: Handles automated leveraged loop creation and management
• Access Control: Role-based permissions for administrative functions

External Integrations

• stakedhype.fi: Primary staking platform integration
• Felix Vanilla Markets: Collateral supply and HYPE borrowing operations
• Hyperliquid Protocol: Underlying blockchain infrastructure

📊 Strategy Details

Leveraged Loop Mechanism

1. Initial Deposit: User deposits native hype
2. Staking : Stake it to get stHype, which will next be supplied as collateral
3. Collateral Supply: Funds supplied to Felix Vanilla Markets
4. Borrowing: HYPE tokens borrowed against collateral
5. Re-staking: Borrowed assets re-deployed for additional yield
6. Loop Amplification: Process repeats to maximize leverage efficiency

Testing

1. Created mocks for all necessary contracts
2. Tested those mocks to ensure reliabilty
3. Tested boring-vault's individual components using unit testing
4. Mock tested all the external interactions
5. Mock tested the looping strategy
6. Mock tested user flows of deposit and withdraw
7. Fork testing(WIP)

⭐ Star this repository if Prisma Vault helps you maximize your DeFi yields!