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Harvest Strategy Development

This Hardhat environment is configured to use Mainnet fork by default and provides templates and utilities for strategy development and testing.

Installation

  1. Run npm install to install all the dependencies.
  2. Sign up on Alchemy. We recommend using Alchemy over Infura to allow for a reproducible Mainnet fork testing environment as well as efficiency due to caching.
  3. Create a file dev-keys.json:
  {
    "alchemyKey": "<your-alchemy-key>"
  }

Run

All tests are located under the test folder.

  1. In a desired test file (e.g., ./test/1inch/eth-dai.js), look for any indication of an Ethereum block, for example:

     // external setup
 // use block 11807770

  2. In hardhat.config.js, under networks/hardhat/forking, edit blockNumber accordingly:

    networks: {
  hardhat: {
    allowUnlimitedContractSize: true,
    forking: {
      url: "https://eth-mainnet.alchemyapi.io/v2/" + keys.alchemyKey,
      blockNumber: 11807770, // <-- edit here
    }
  }
},

    The block number is often necessary because many tests depend on the blockchain state at a given time. For example, for using whale accounts that are no longer such at the most recent block, or for time-sensitive activities like migrations. In addition, specifying block number speeds up tests due to caching.

  3. Run npx hardhat test [test file location]: npx hardhat test ./test/1inch/eth-dai.js (if for some reason the NodeJS heap runs out of memory, make sure to explicitly increase its size via export NODE_OPTIONS=--max_old_space_size=4096). This will produce the following output:

    Mainnet ETH/DAI
Impersonating...
0xf00dD244228F51547f0563e60bCa65a30FBF5f7f
0x9681319f4e60dD165CA2432f30D91Bb4DcFdFaa2
Fetching Underlying at:  0x7566126f2fD0f2Dddae01Bb8A6EA49b760383D5A
New Vault Deployed:  0x351AcA1389e546DDf78110495bc444634Ad41faE
Strategy Deployed:  0x75565dB9a8657E21A89652F20646B03E3aDedD7b
Strategy and vault added to Controller.
  Happy path
loop  0
old shareprice:  1000000000000000000
new shareprice:  1000000000000000000
growth:  1
loop  1
old shareprice:  1000000000000000000
new shareprice:  1000487030374603469
growth:  1.0004870303746036
loop  2
old shareprice:  1000487030374603469
new shareprice:  1000974645351633413
growth:  1.0004873776093302
loop  3
old shareprice:  1000974645351633413
new shareprice:  1001462491460834661
growth:  1.000487371095229
loop  4
old shareprice:  1001462491460834661
new shareprice:  1001950555856045672
growth:  1.000487351647588
loop  5
old shareprice:  1001950555856045672
new shareprice:  1002438864026715060
growth:  1.0004873575525413
loop  6
old shareprice:  1002438864026715060
new shareprice:  1002927403398734292
growth:  1.0004873507897099
loop  7
old shareprice:  1002927403398734292
new shareprice:  1003416174066046115
growth:  1.0004873440147866
loop  8
old shareprice:  1003416174066046115
new shareprice:  1003905176131576086
growth:  1.0004873372367005
loop  9
old shareprice:  1003905176131576086
new shareprice:  1004394396967401885
growth:  1.0004873177740858
earned!
    ✓ Farmer should earn money (31804ms)

1 passing (38s)

Develop

Under contracts/strategies, there are plenty of examples to choose from in the repository already, therefore, creating a strategy is no longer a complicated task. Copy-pasting existing strategies with minor modifications is acceptable.

Under contracts/base, there are existing base interfaces and contracts that can speed up development. Base contracts currently exist for developing SNX and MasterChef-based strategies.

We recommend favouring StrategyBaseUL over StrategyBase as the former's liquidation goes through the Universal Liquidator that was originally developed by our community.

Contribute

When ready, open a pull request with the following information:

  1. Instructions on how to run the test and at which block number

  2. A mainnet fork test output (like the one above in the README) clearly showing the increases of share price

  3. Info about the protocol, including:

    • Live farm page(s)
    • GitHub link(s)
    • Etherscan link(s)
    • Start/end dates for rewards
    • Any limitations (e.g., maximum pool size)
    • Current Uniswap/Sushiswap/etc. pool sizes used for liquidation (to make sure they are not too shallow)

    The first few items can be omitted for well-known protocols (such as curve.fi).

  4. A description of potential value for Harvest: why should your strategy be live? High APYs, decent pool sizes, longevity of rewards, well-secured protocols, high-potential collaborations, etc.

Deployment

If your pull request is merged and given a green light for deployment, the Harvest team will take care of on-chain deployment.