Ymax PoC: A Step Toward Seamless DeFi Control

Governance CoreEval
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We’re excited to share that Agoric will soon propose a Proof of Concept (PoC) build that moves us closer to the vision outlined in our recent blog post, DeFi Power Users Deserve Better: Building for Seamless Control. This PoC demonstrates our commitment to delivering an orchestration layer that streamlines fragmented DeFi workflows, automates repetitive tasks, and empowers power users with greater control and trust across multiple chains.
This is just the beginning. We invite our community to engage with the PoC, share feedback, and help shape a robust product that addresses the real challenges advanced DeFi users face daily. Please stand by for a link to the CoreEvalProposal, which will be provided for voting purposes.

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Based on:

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YMax Portfolio Contract Summary (PoC)

This smart contract enables users to create and manage stablecoin portfolios across multiple chains and yield protocols. It’s a step toward programmable DeFi control. Key features:

  • Create Portfolios: Deposit USDC and access tokens to initiate a portfolio.
  • Allocate Across Protocols: Deploy funds to USDN (M^0/Noble), Aave, and Compound.
  • Rebalance Easily: Adjust allocations across protocols with rebalancing ops.
  • Multi-chain Support: Manage assets on both Noble and EVM chains via Axelar GMP.
  • Portfolio Orchestration: The contract coordinates positions and accounts across chains.
  • Protocol Integration: Interfaces directly with external yield protocols.

Devs: see portfolio-actors.ts and snapshots/*.md for examples.

taken from Full README

What this vote approves

This vote asks the community to approve launching the YMax Portfolio Contract as a Proof of Concept on Agoric mainnet. The contract allows users (by invitation) to create and manage stablecoin portfolios that interact with external yield protocols (USDN, Aave, Compound) across chains. Approval would signal support for deploying this early-stage infrastructure to production, where it can be tested with real assets under constrained conditions. The goal is to validate technical integration and user experience, not yet to scale usage.

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Following up on Proposal 100 (YMax Alpha 1): to enable the deployment to complete as originally authorized, we’ve prepared a follow-on proposal.

The USDC issuer wasn’t connected to a place that issuers are made available in the bootstrap environment. Without it, Proposal 100 bootstrap is stalled, awaiting the issuer’s availability. This change:

  • Fills in the missing integration step for the USDC issuer and brand
  • Enables the previously-passed deployment logic to complete successfully

Details:

This unblocks the next step in making YMax a useful DeFi primitive.

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