Doctor Delta

Doctor Delta allows users to set and forget USDC earning dual yield by hedging out the delta on GMX futures when funding rates allow for this to be profitable. Doctor Delta gets data from the Lab Assistant which is an oracle running in a TEE on ROFL comparing the supply and borrow APYs on Euler with funding rates on GMX to execute positions. When the rates reverse and holding this position becomes less profitable than just supplying USDC, Doctor Delta will unwind and revert to just supplying USDC until the next window of opportunity emerges.

Doctor Delta consists of three core components: a vault on Arbitrum One (Doctor Delta), a ROFL oracle in a TEE (The Lab Assistant) and a front-end that users can interact with for depositing and withdrawing.

The Oracle runs on Oasis Sapphire ROFL and constantly monitors the supply & borrow APY on Euler finance USDC-WETH pair and the ETH/USD funding rate on GMX. When these rates align for a yield-farming opportunity, the Lab Assistant triggers Doctor Delta for opening a position, and when the opportunity disappears, the Lab Assistant triggers the Doctors Vault to revert back to simply supplying USDC on Euler until the next opportunity emerges.

Oasis Sapphire ROFL allows for the strategy to remain completely private while simultaneously verifiable to act in the correct manner. This presents a tremendous opportunity for the creation of more complex strategies leveraging off-chain data such as implied volatility, open interest and news releases from Bloomberg etc to create institutional grade vaults on-chain.