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.
Created on 10th December 2023
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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
Arbitrum
Polygon Track
Polygon
Filecoin Track
Filecoin
Celo Track
Celo
Base Track
Base
Mantle Network Track
Mantle Network
MetaMask Track
MetaMask
OKX Track
OKX
Scroll Track
Scroll
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.