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Ribbon v2

Ribbon v2 is the next version for Ribbon's Theta Vault product. It brings several major improvements to the vault and makes the vault operations decentralized.

v2 changes include:

  • Decentralization of Theta Vault operations
  • Improved capital efficiency (100% of vault funds are utilized)
  • No more withdrawal fees, switching to performance fee
  • Meta-Vault strategies by composing multiple Theta Vaults

Deployment

Ribbon v2 uses hardhat-deploy to manage contract deployments to the blockchain.

To deploy all the contracts to Kovan, do

yarn deploy --network kovan

The deployment info is stored on disk and committed into Git. Next, we have to export out the deployed addresses in a parseable format for the frontend to use (JSON).

yarn export-deployments

Finally, we can verify the contracts on Etherscan:

yarn etherscan-verify --network kovan

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