Llama Airforce is a rewards management protocol that helps users automate the harvesting and reinvesting of popular yield-bearing tokens.

Yield

Llama Airforce

Protocol Code Quality

Protocol Maturity

Protocol Design

Risk Rating

Watch Out

* [Documentation](https://llama.airforce/#/contracts)

Exploit/Hacks

green

None

* [Website](https://llama.airforce/#/)  
 * Tags: Yield

Info

* TVL: $6.4M (Rank #135)  
 * TVL Ranking by Yield: #15  
 * Blockchain: Ethereum  
 * Chain TVL  
 	* Ethereum: $6.94M

Key Metrics

Information


- Code not reviewed by any experienced auditors
- Anonymous team reduces transparency
- No documented protocol hacks since launch


- Core protocol launched in 2022; maturity less than a year increases technical risk as smart contracts are less battle-tested
- Top 20% by total value locked slightly reduces risk
- Centralized governance increases risk
- No governance token and/or contracts are fully immutable

yellow

Risk Assessment

Llama Airforce provides a great way for users to take advantage of Curve and Convex flywheel by autocompounding bribe rewards.

What we like

The core Union contracts are not audited and the treasury is controlled by only a 2/3 multisig. The team is also anonymous which reduces transparency.

What we like less

Offers you a simple-to-use autocompounder that reduces the high gas fees required to constantly claim bribe rewards.

What it means for you

Summary

#### How Llama Airforce works
Llama Airforce is a protocol that serves to autocompound Convex bribe rewards for users while socializing gas costs across all members. The Union is the smart contract that automates this service. By joining the Union, users forward their bribe rewards to Llama Airforce, who collectively claims them and swaps them all for cvxCRV. The cvxCRV is then deposited into the autocompounder (the "pounder") and pounder shares are airdropped to Union members.
#### How Llama Airforce makes money
The protocol charges a 2% fee on each bribe round that goes to the treasury. The pounder itself also takes 5% of the yield earned as a fee, as well as initially charges a 5% fee on yield as a caller incentive. Lastly, there's a 1% withdrawal fee that goes to all pound members.
#### How you make money on Llama Airforce
You can forward your bribe rewards to Llama Airforce to autocompound your earnings over time while socializing gas costs across all Union members.