How it works
Cross‑Compounding Loop
Cross‑Compounding Loop
Lair turns the “can’t compound different reward tokens” problem into a two‑way flywheel:
Key ideas
From iBGT staking → PoL vaults: Rewards from iBGT staking (often not iBGT) are allocated into chosen PoL vaults that emit iBGT.
From PoL vaults → iBGT staking: The iBGT emitted by PoL vaults is auto‑compounded back into iBGT staking, boosting APR and Infrared points.
Result: More iBGT staked, bigger PoL positions, reinforced emissions—without constantly market‑buying iBGT.
Why this avoids the hidden iBGT long
Traditional autocompounders sell rewards → buy iBGT. That’s a directional bet. If iBGT premium compresses when holders unwind, late depositors eat the loss in BERA terms.
Lair grows iBGT by farming it (via PoL emissions) instead of repeatedly buying it. This reduces direct price‑premium risk linked to constant market purchases.
Share Tokens (LRTs)
When you deposit, you mint an LRT that represents your share of the strategy. On exit, your LRT is burned and you receive the underlying (iBGT and PoL vault tokens).
Accounting: Internally we track total holdings across:
iBGT staked (and pending claims)
PoL vault LP balances (and pending rewards)
Unclaimed/unallocated rewards in the harvester
Preview UI: We surface a preview of shares out / assets out using current quotes and route sims. Actual results depend on execution and slippage.
Reward Harvesting & Scheduler
Harvester batches reward claims from iBGT staking and PoL vaults.
Allocator routes iBGT‑staking rewards into PoL vaults, and routes PoL iBGT rewards into iBGT staking.
Scheduler (keeper/cron) runs on a cadence (and thresholds) to keep gas reasonable while maintaining compounding.
If harvest fails or markets are too choppy, the scheduler can throttle or skip cycles until conditions improve.
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