Obsidian

Obsidian is a Defi platform where we are building one click defi strategy like Leverage liquid staking vaults (ERC-4626 and ERC-7540 ) on base, optimism. Using superform we will allow users to interact in the vault from any chain with tenderly powered virtual testnet.

While this strategy can increase rewards received through staking, it also has multiple variables and risks you should consider: First, the ETH borrow APY in Aave v3 is variable and may not always be lower than staking rewards received. Second, the value of wstETH versus ETH is also variable and drops in the wstETH/ETH price ratio can make your position risky or cause losses at the moment of exiting the position. Third, please note that the risk of liquidation exists for this type of position and you can find the wstETH/ETH liquidation rate for your position in the top right corner of our Aave dashboard.

Obsidian is a vault protocol. We have built a ERC4626 vault for recursive borrowing strategy for LST asset like wstETH on base (tenderly virtual testnet for base chain)..

Partner tech used: Superform: WE have used erc4626 vault standard for our vault.

Tenderly:Virtual testnet Our current vault are live on tenderly virtual testnet for base chain. Tenderly:Virtual testnet is also used for testing contracts

Base: We have built the vault on base chain.