Litepaper
Introduction
The Lazy Summer protocol is a permissionless passive earn product designed to provide secure, optimized, yield while diversifying risk with minimal effort. In order to bring the next 100M users on-chain, we need to reconsider what the majority of late adopters want from an on-chain product. The next 100M users are unlikely to access DeFi through multiple Protocol frontends. For DeFi to increase it's reach, it needs to sit alongside traditional savings & investment products - DeFi needs to be brought to people via the apps they already know and trust. It's unrealistic to expecting non-crypto users to overcome the steep learning curve web3 demands.
The Protocol is made up of a set of permissionless Smart Contracts, keepers and an SDK/API kit. Together they allow users to easily lend or stake with top-tier DeFi protocols that offer the best risk weighted returns at any given moment. The Protocol manages user assets autonomously and transparently by rebalancing assets from poor performing protocols to better ones. The goal is that assets are earning the best risk-adjusted yield. This product will be distributed via an industry-leading SDK and API - to enable existing financial and FinTech digital products to easily integrate.
Users benefit from an automatically rebalanced portfolio that diversifies risk and reduces exposure to any given protocol. Additionally, users avoid the cost and effort of tracking live yields and managing multiple positions. The automated rebalancer continuously optimizes yield across supported protocols and is capable of outperforming standard deposits on platforms like Aave V3, Compound V3, and others, by up to 20% annually. Backtesting and validation of this data will be released separately.
This litepaper outlines the key components of the Lazy Summer Protocol, explaining how they interact and how the protocol will be governed and upgraded after deployment. It also highlights future developments and addresses limitations and potential improvements.
Closer to launch, a full whitepaper detailing all deployment parameters and specific implementations will be published.
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