Orbital Strategies
Last updated
Last updated
The MIM3CRV-f vault deposits the user's assets into the 2pool (with USDC and USDT) receiving 2CRV as the receipt token. https://curve.fi/#/arbitrum/pools/2pool/deposit
The strategy then deposits MIM and 2CRV into the pool and then receiving MIM3CRV-f tokens. https://curve.fi/#/arbitrum/pools/factory-v2-0/deposit
These MIM3CRV-f tokens are then deposited into the farm on Abracadabra. It earns the $SPELL governance token. https://app.abracadabra.money/#/farm/3
Earned $SPELL token is swapped for more of the underlying assets, acquiring more of the same liquidity token. The compounding begins, where the newly obtained MIM2CRV LP is added to the farm/pool for the next compounding cycle.
