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https://github.com/lux-apps/papers.git
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zeekay
9504b4c3ef
Sweep across the non-Tier-1 paper catalogue (Tier-1 owned by parallel
agent and excluded). All 113 processed papers already had luxcover
wired up; this commit fixes 14 build breakers and produces fresh
PDFs across the catalogue.
Fixes:
- lux-blockchain-scaling-laws: em-dash inside lstlisting -> --
- lux-corona-pq: stale \input pointing at 03-the-corona-scheme renamed
to 03-the-corona-scheme (file already renamed on disk)
- lux-lattice-cryptography-primer: same Corona->Corona rename
- lux-formal-verification-lean4: Lean source uses unicode (×, ∀, ∃, ∈,
∧, ∨, ∩, ≠, ⟨, ⟩, ·, ¬) inside lstlistings. Added a literate map
so listings render the math glyphs without UTF-8 fault.
- lux-id-did-specification: ✓/✗ in tabular replaced with \ding{51}
/ \ding{55} (pifont). Added pifont package.
- lux-ntt-simd-implementation: middle-dot in Go assembly listings;
added literate {·}{\textperiodcentered}.
- lux-ntt-transform: μ, ×, –, — in regular text (no T1 fontenc).
Replaced with $\mu$/$\times$/--/--- via unicode->latex sweep.
- lux-perpetuals-derivatives, lux-quantum-consensus,
lux-quasar-consensus, lux-tee-computing-mesh: same unicode->latex
sweep across body text. Also fixed broken math segment
`$L_{avg} = 10$\times$$` -> `$L_{avg} = 10\times$`.
- lux-zchain: emoji glyphs in roadmap table replaced with
parenthetical text.
- lux-triple-proof-consensus: dropped duplicate \usepackage{geometry}
that clashed with luxcover (geometry option clash).
- pq: defined missing \Rq macro.
PDFs rebuilt for the full Tier-2/3 set.
Excluded (Tier-1, parallel agent): lp-073-pulsar, lp-stricte2epq,
dag-evm-formal, lp-010-quasar-stm-{3,4}, lp-020-quasar-consensus,
lux-institutional-custody, lux-nist-mptc-submission, pqsafe-il5,
pq-rns, plus shared/ and lps/.
51 lines
2.0 KiB
TeX
51 lines
2.0 KiB
TeX
\section{Yield-Bearing Bridge Tokens}
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\label{sec:yield}
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%% +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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\subsection{Share-Based Accounting}
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Yield-bearing bridge tokens (yLETH, yLBTC, yLUSD) use ERC-4626-like~\cite{erc4626} share accounting:
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\begin{equation}
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\text{sharePrice}(t) = \frac{\text{totalBacking}_{\text{source}}(t)}{\text{totalShares}_{\text{dest}}(t)}
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\end{equation}
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When yield accrues on the source chain, the MPC attests to new backing via Equation~\eqref{eq:deposit-msg} with \texttt{"BACKING"} prefix. The share price increases automatically---holders earn yield without transactions.
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\subsection{Strategy Categories}
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29 deployed strategies span 9 categories:
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\begin{table}[h]
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\centering
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\scriptsize
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\begin{tabular}{llr}
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\toprule
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\textbf{Category} & \textbf{Protocols} & \textbf{APY} \\
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\midrule
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& Lido, Rocket Pool & 3--5\% \\
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Restaking & EigenLayer, Symbiotic, Karak & 3--8\% \\
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Lending & Aave, Compound, Morpho, Euler, Spark, Fluid & 2--12\% \\
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Stablecoin & MakerDAO/Sky, Ethena, Frax & 4--15\% \\
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LP/DEX & Curve, Convex, Pendle, L2 DEXs & 5--20\% \\
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BTC Native & Babylon, Lombard, SolvBTC, CoreDAO & 3--12\% \\
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Solana & Marinade, Jito, Kamino & 5--10\% \\
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TON & Tonstakers, Bemo, STON.fi & 5--15\% \\
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Perps LP & LPX fee-based LP & 10--30\% \\
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\bottomrule
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\end{tabular}
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\caption{Yield strategy taxonomy. 29 strategies across 9 categories.}
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\label{tab:strategies}
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\end{table}
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\subsection{Yield Composition}
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Bridge token holders earn layered yield:
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\begin{equation}
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\text{APY}_{\text{total}} = \underbrace{\text{APY}_{\text{base}}}_{\text{staking}} + \underbrace{\text{APY}_{\text{re}}}_{\text{restaking}} + \underbrace{\text{APY}_{\text{bridge}}}_{\text{fee share}} + \underbrace{\text{APY}_{\text{DeFi}}}_{\text{LP/lending}}
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\end{equation}
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For yLBTC on Lux: $\sim$5\% (Babylon) + $\sim$2\% (EigenLayer) + $\sim$1\% (xLUX bridge fees) + $\sim$5--15\% (DeFi) = 13--23\% total.
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%% +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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