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Refactor sDAI and wstETH strategies
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ioanSL committed Feb 22, 2024
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8 changes: 3 additions & 5 deletions docs/concepts/strategies/02-strategy-sdai.md
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Expand Up @@ -4,7 +4,9 @@ title: Deposit sDAI
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# Background
# sDAI Strategy

Nimbora empowers users to leverage their DAI holdings by depositing them into an sDAI vault, which is a specialized financial vehicle. This depositing action allows their DAI to be put to work, generating potential profits over time. The approach combines the security of DAI, a stablecoin, with the revenue-generating power of DeFi strategies. This mechanism is designed to provide users with a more effective way to maximize the potential return on their DAI investments.

<details>
<summary>What is sDai</summary>
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- This enhancement introduces new features to the protocol, promoting broader asset acceptance and flexibility.
</details>

# sDAI Strategy

Nimbora empowers users to leverage their DAI holdings by depositing them into an sDAI vault, which is a specialized financial vehicle. This depositing action allows their DAI to be put to work, generating potential profits over time. The approach combines the security of DAI, a stablecoin, with the revenue-generating power of DeFi strategies. This mechanism is designed to provide users with a more effective way to maximize the potential return on their DAI investments.

## How to deposit

To interact with the sDAI strategy, you'll first need to connect to Nimbora. You can do this through available wallets such as Argent or Braavos. Ensure you have some DAI tokens in your wallet.
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42 changes: 40 additions & 2 deletions docs/concepts/strategies/03- strategy-lStaking.md
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Expand Up @@ -4,7 +4,9 @@ title: Liquid Staking
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# How does liquid straking works
# wstETH Strategy

Nimbora provides an opportunity for users to take advantage of their ETH assets by contributing them to a Liquid Staking vault, a unique financial structure. Through this depositing process, users can put their ETH to work, potentially creating profits as time progresses. This strategy merges the stability of ETH with the income-generating capacity of DeFi strategies. It is developed to offer users an optimized method to significantly increase potential returns from their ETH investments.

<details>
<summary>What is stETH</summary>
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- Primarily focusing on Ethereum, Lido's governance is implemented through the ERC20 LDO token, with st[token]s representing users' staked assets and accumulated rewards.

</details>
</details>

## How to deposit

To get started with the Liquid Staking strategy, your first step is to establish a connection with Nimbora. This connection can be facilitated through supported wallets, such as Argent or Braavos. Make sure you have a balance of ETH tokens in your chosen wallet.

***Screenshot connect with wallet***

Once you're connected to Nimbora, locate and choose the Liquid Staking strategy. This will show you key metrics such as Annual Percentage Rate (APR) and Total Value Locked (TVL). Also, there will be an option to input the kind and quantity of tokens you wish to contribute to the Liquid Staking strategy. The resulting quantity of wstETH tokens you're expected to receive upon completion of the transaction will be displayed.

***Screenshot token selection and amount with expected wstETH return***

The quantity of wstETH tokens you accumulate could fluctuate based on the specific asset you contribute. While depositing the primary token, ETH, is always an option, other tokens can also be deposited by some users. In such instances, Nimbora will convert the deposited token into the primary asset, ETH.

***Screenshot swap AVNU integration***

Once you've chosen the token type and quantity for deposit, press the "deposit" button and adhere to the steps provided by your wallet (Argent or Braavos) to finalize the transaction.

## How to request a withdrawal

If you've been participating in the Liquid Staking strategy and wish to retrieve your assets, it's entirely possible. However, it's crucial to understand that Nimbora can't handle the withdrawal request for you. You'll need to carry out the process yourself, but rest assured, it's straightforward.

The first step is determining the amount you want to reclaim. This could be the total or a part of your assets. After deciding, find and select the 'withdraw' option.

Upon selecting 'withdraw', your Wallet will direct you through the subsequent stages. Simply adhere to the instructions therein to finalize the transaction.

Please note, the assets you retrieve won't be in the same form as when you deposited them. You'll receive them as ETH, the fundamental asset used in the Liquid Staking strategy. This implies that regardless of the type of asset you initially deposited, you'll always receive ETH upon withdrawal.

## How to claim a withdrawal

After you've requested to withdraw your assets, the responsibility for processing this request shifts to Nimbora. This process entails prepping your assets for transfer back to your Wallet, all of which is managed behind-the-scenes by Nimbora to ensure seamless and efficient operation.

Think of this process as preparing a package for shipping. Nimbora handles the packaging of your assets and readies them for return to you, the owner. During this stage, you can sit back and relax - Nimbora takes over all the technical intricacies involved.

Upon completion of the asset processing and preparation phase, a 'claim' button will appear on your screen. This button signals the final stage of the withdrawal process, indicating that your assets are ready for claiming.

The 'claim' button serves as a notification that your package (in this case, your assets) has reached its final destination and is ready for collection. Once you see the 'claim' button, just click on it to receive your ETH tokens. This action concludes the withdrawal process.

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