Features of V2
A comprehensive short-list of all Spool V2 Features
Spool V2 has launched with all features from V1, in combination with a massive subset of new features, namely:
Support for Volatile Assets means that Smart Vaults in V2 can support deposit currencies which are "unstable".
Use Case: Creating Smart Vaults with ETH (or any token) as a deposit currency.
Smart Vaults now support Multi-Asset Strategies.
Use Case: Multi-Asset Vaults create the ability to create a Smart Vault with "ETH/USDC" Liquidity Pool Tokens as a Deposit Currency, allowing for Strategies like "Uniswap ETH/USDC Liquidity".
"Multi-Asset Vaults" is one of the most requested features by Ecosystem Partners.
Gating is a feature which ensures that only addresses that meet the requirements can participate in a given Smart Vault.
Gating can be achieved through: NFTs, Whitelists, KYCs, and certain Token Balances.
Use Case: Allowing users to create Smart Vaults which can only be used by participants who meet the requirements set by the Vault Creator. So, "Holding X amount of Y Token" or "Owning Z NFT".
Continuing on the "Gated Vaults" feature: Allows for the completion of custom "actions" when depositing / withdrawing to- and from from a Smart Vault
Use Case: Paying for- and locking in insurance when participating in a Smart Vault.
Deposit Receipts are either NFTs or Tokens which signal on-chain that a given Address is participating in a given Smart Vault.
Use Case: Allowing people to leverage their Spool Smart Vault Deposits since they now have receipts on-chain, much like, for example: aWETH (Aave)
Allowing the Smart Vault Creator to set a minimum time of deposit for a given Smart Vault.
Use Case: Time-Locks ensure that (if the Smart Vault Creator desires so) assets can be locked for a certain duration. This composability adds a lot more DeFi Use Cases.
The Spool V2 Infrastructure allows for Smart Vault Creators to choose between "Selling Token Rewards and Compounding them" or "Holding and Staking Token Rewards"
The "Compound / Claim"-Switch is not a V2 MVP Feature and will be added at a later date.
Use Case: Allowing Smart Vault users to accumulate reward tokens for their favorite protocols instead of automatically compounding all rewards.
Compliance is becoming an increasingly more important topic with Web3 maturing.
Spool V2 launches fully compliant in a multitude of jurisdictions, for example: Europe (MiCAR & MiFID ll).
Use Case: Allowing institutional users of the Spool Protocol to comply with relevant legislation.
Spool V1 did DoHardWork calls on a protocol basis, meaning, every unique Strategy in the entire Spool Ecosystem got compounded at the same time. Asynchronous DoHardWorks allow for discretion on a per-strategy basis on when it should be compounded.
Use Case: Offering more composability, allowing more unique Strategies to be incorporated into the Ecosystem, and an overall more efficient Spool Protocol.
Smart Administrator Roles allow for multiple Smart Vault Creators per Smart Vault, a feature heavily requested by institutions.
Use Case: Allowing Smart Vault Creators to set multiple Addresses as a "Smart Vault Owner".
(Optional) A Smart Vault Creator can set Management Fees for their Smart Vault.
Use Case: Certain institutional clients we had chats with wanted to "Open" Smart Vaults to the public as long as they could charge a management fee. Management Fees are optional and communicated prior to a user depositing into a given Smart Vault and cannot be changed after the Smart Vault has been created.
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