I have officially written my most insane DeFi contract...
{ zENS } Send ETH to ens.zamm.eth. This then autoswaps on Univ3 with half the ETH, and migrates this as ETH/ENS liquidity into a zAMM fungible LP.
Zero calldata. Slippage is checked with sstore4/:z.
then earn swap fees, farm,
zAMM represents "pushing the envelope" of what can be done with smart contracts and efficiency hacks on L1.
By using selfbalance() as slippage guard, we spend 5 gas versus thousands to check onchain price oracle,
while building a singleton for DeFi makes for a sandbox, what I think people might be impressed by, is how you can make an optimized and capital rewarding experience for each, and, every, single, token
oh, and the contract, of course
related domain, to be burned after vibe check on the tl,
/nerdsnipe-guard: and yes I am aware of someone spending a lot of gas to selfdestruct or winning a reward etc and etching wei into my sstore4, which is why I added a method to sweep that, etc.
// dev note: I basically gotta keep 1 ENS worth of ETH inside the contract to act as the guard with 6% slippage guard
and yes, every single token worth its salt will have a zamm subdomain zap to do, IMO, the right thing: depositing into the mothership
@BlockEnthusiast uh, there's another z thing for that
@BlockEnthusiast but wanted to make this easy on the yolo senders for now. Wallets adopting some variant of this method would be vcool. But alas, I am still waiting on them to make it easy to smart wallet.
@molochslayer Add to this, that the entire logic of the smart contract is triggered by sending ether to an address. Without needing an app or UI or anything
And then, on top of that, it's actually non-trivial. I am buying and migrating liquidity between two different protocols...
@molochslayer with different accounting schemes and interfaces. This is also done at a cost that roughly tracks GWEI. So, this zap, which is a strategy on ENS and ETH and ZAMM, with passive yield, costs ~1$ per ~1GWEI of gas price.
when your sstore4 guarded oracle starts forming a cnh 😅
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