$satETH Vault (staked atETH)

Users can deposit atETH into our $satETH (staked atETH) vault to earn a fixed interest rate, which will be determined by governance on a weekly basis.

satETH is a single-asset yield strategy, and the profits users receive will also be in atETH. As an AMO, satETH directly distributes these atETH from the treasury.

Although satETH seems to be directly issuing money from the treasury, the actual source of satETH's revenue comes from the protocol's AMO. When users purchase atETH in the market and deposit it into satETH vault, they have essentially invested the spent assets into the market, with the vast majority entering the protocol's AMO. Since the atETH deposited by users is no longer circulating in the market or DeFi protocols, it can be considered that users have entrusted equivalent funds to the protocol AMO to earn income.

The Atoll Protocol, with its autonomous minting rights controlling various AMOs, earns more revenue compared to other on-chain entities. The profits earned using the entrusted funds, after deducting the emissions to satETH, can still have a surplus. Users holding satETH can avoid market volatility risks (especially any impermanent loss of LPs) and enjoy weekly-fixed high interest rates while investing satETH into upper-layer DeFi Legos. This is a beneficial approach for both the protocol and users. Our road-map towards the future would be considering adding satETH to yield markets like Pendle or being listed on lending markets to provide leveraged yields for users. We're heading towards the future of DeFi and the users best earning experiences.

Key Features:

• Revenue is sourced from the protocol's AMOs.

• Fixed interest rate, revised weekly.

• No locking time or amount restrictions on deposits and withdrawals.

• No slippage and depositing/withdrawing fees, the exchange rate between satETH and atETH increases over time just like any standard staking vaults.

• Brings extra income to the protocol and users.

• Freely usable like ordinary ERC20 tokens, participating in upper layer of DeFi.

• No liquidation or volatility risks.