Kallisto

A Decentralized and Automated Yield Chaser

Kallisto v0 was previously built on Terra, which is no longer functioning. Kallisto is heading to Ethereum to target the largest AMMs with a current focus in offering a Curve Finance APY chaser vault. This new vault will aim to provide a low-cost, data science-based strategy for liquidity providers to participate in Curve pools. By aggregating users’ deposits and monitoring price dynamics, the vault can significantly reduce the cost for staying in the highest APY pools on Curve.

Kallisto’s Curve APY chaser vault acts as a DeFi asset management tool that automatically provides and deploys dynamic liquidity provider strategies for Curve pools. Kallisto monitors the overall pool statistics on Curve's DEX and searches for the best liquidity provider opportunities.

To avoid illiquidity risk and small cap coins’ high volatility, the vault only chases APY among a number of large, liquid and balanced pools. The vault screens for large, balanced pools as candidates and selects the pool with the highest APY with both base and CRV returns aggregated. By consistently moving liquidity into the optimal pool, the vault is designed to achieve the best return across all Curve pools while keeping liquidity risk low.

To chase the APY on Curve, Kallisto uses an external scheduler called Paloma. To start, scheduling for Kallisto will be ran off-chain; a cron job will execute smart contract functions and run a strategy script written in Python. Eventually, the strategy and scheduling will be ran on Paloma, a job scheduler built using the Cosmos SDK, that can schedule transactions that control contracts on any other chain.

Use at your own risk

Volume Finance does not formally endorse any pools, strategies, or vaults. Vaults may be compromised and are subject to things like unexpected volatility, high token inflation, and algorithmic flaws. Users are responsible for their own funds as Kallisto is non-custodial. Kallisto is still in an alpha phase and strategies may break.