PiggyBank

PiggyBank

PiggyBank provides an infrastructure for RWA asset management. It allows the creation of strategy-agnostic vaults, administrated by a central authority that actively manages the deposits.

The program is compatible with Legacy and Token 2022 standard. Vault positions are represented by a liquid token (LT) that shares the same standard and decimals as its underlying. Each vault has its own epoch lifecycle: every time an admin reports a performance a new epoch is triggered, previous epoch deposits are withdrawn, and redemptions from previous to last epoch are processeed.

The Token 2022 vaults are particularly suited for managing RWAs:

• Scaled UI Amount - For matching underylying asset stocks splits or income distribution (dividend, coupons...)

• Transfer Hook - For general compliance requirement and implementing access control on the LTs.

PiggyVaults

While the PiggyBank's vault are strategy-agnostic, we at PiggyBank build our own strategies that leverage our infrastructure, and make them accessible on our frontend: app.piggybank.fi.

The first product that we designed is carry trade strategy for xStocks enabling additional yield on top of spot exposure:

• Collateralize xStocks on Kamino

• Borrow USDC and bridge through CCTP

• Execute arbitrage on Arbitrum

• Monitor and realize performance back to xStocks

Audit

The product is live. The smart contract has been audited by Formal Land.

What's Next

• Permissionless vault creation

• Permissioned frontend listings

• Ecosystem and exchange integrations

• Second audit round

• Additional user features

Contributions

Feel free to add new token extensions support to existing extensions in our repository and create a Pull Request. We'll be happy to review and merge it.