Alpha- Instant Yield Protocol
Alpha is a unique yield protocol that provides instant yield in the form of Yield or protocol Alpha tokens. It deposts users funds to procotols like balancer and curve to generate yield for users.
Alpha- Instant Yield Protocol
Alpha is a unique yield protocol that provides instant yield in the form of Yield or protocol Alpha tokens. It deposts users funds to procotols like balancer and curve to generate yield for users.
The problem Alpha- Instant Yield Protocol solves
It is a innovative protocol that provides instant yield to the users. Users can choose from the tenure of 3, 6, 9 or 12 months. Longer the users stake their tokens, more yield they get. They get additional rewards from balancer and curve pools .Users can take out their yield either in the form or yield token or as the Alpha token. They can get their stake back by paying back either in alpha tokens or in yield tokens.
Challenges I ran into
It was challenging to design the protocol and the functionality. Testing the smart contracts flow was difficult too and there were bugs that I had to iron out. Getting testnet tokens is also a challenging task.
Tracks Applied (9)
Arbitrum Track
I believe there is no such project as Alpha in the market that provides instant yield to the users. It comes under Most ...Read MoreArbitrum
Polygon Track
I think it is eligible for Polygon zkEVM DeFi Challenge track.Polygon
Filecoin Track
I've deployed it to FVM chain. I believe it is eligible for Most unique projects in the Filecoin Ecosystem track.Filecoin
Celo Track
I feel it is eligible for Best dApps on Celo Blockchain track.Celo
Base Track
It is eligible for Build a Consumer Product track.Base
Mantle Network Track
I think it is eligible for Best DeFi ProjectMantle Network
MetaMask Track
It is eligible for Best Gas API Application trackMetaMask
OKX Track
I've deployed it on X1 chain. It is eligible for Most novel dApp on X1OKX
Scroll Track
Eligible for Best on Scroll trackScroll
Technologies used
Cheer Project
Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.
Discussion