Promethium

Promethium serves as an advanced financial management assistant, adept at harnessing and analyzing on-chain data. Its primary function is to optimize lending and borrowing positions, achieving results that surpass manual efforts.

The challenge of manually managing lending and borrowing positions with the same precision and efficiency as Promethium is daunting and nearly impossible. Our confidence in this stems from comprehensive simulations using historical data and practical tests conducted on the Arbitrum mainnet. We selected the Arbitrum blockchain due to its rapid growth among EVM blockchains, viewing it as an ideal starting point before branching out to other EVM-compatible chains.

Promethium operates through a series of steps, each designed to ensure optimal portfolio performance. Here’s a high-level step-by-step breakdown of the process:

1. Rate Retrieval: The backend of the Rebalancer retrieves rates from various borrow/lend protocols (now on Arbitrum).
2. ODM Calculation: The backend calculates the Optimal Distribution Matrix (ODM), a mathematical model that determines the optimal distribution of assets across different protocols.
3. Matrix Transfer: The ODM is transferred to the Rebalancer smart-contract, connected with vaults, which are secure digital storage spaces for assets.
4. Rebalance: The Rebalancer distributes the deposits from the vaults to the lending protocols according to the ODM.