Lazy Vaults (Fleets)

Lazy Vaults are the Protocol's main user facing component. Users deposit to Lazy Vaults to generate a yield. Each Vault represents a single Fleet. The main contracts within a Fleet are the Fleet Commander, ARKs and RAFT. These core contracts are supported by a set of periphery contracts.

There are separate Fleets for each deposit token (DAI, USDC, ETH etc) and can be multiple Fleets per deposit token to accommodate different risk preferences. Every Fleet is supported by the RAFT contract which farms reward tokens and swaps farmed tokens to the underlying Fleet deposit token - boosting Fleet yields at no cost to the user.

At launch, Fleet ARKs will support basic lending and staking positions only. Over time, advanced ARKs will be introduced to Fleets (subject to governance approval). A concrete example would be an ARK that supports the underlying yield-looping stack that is already available on Summer.fi today.

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