Auto HODL revolutionizes the way users engage with decentralized finance (DeFi) by automating the savings process directly within their regular blockchain transactions. It simplifies the act of saving by seamlessly integrating a mechanism where a predefined small portion of tokens is allocated to a savings contract during each transaction the user makes. This approach makes saving as effortless as spending, encouraging a consistent saving habit without the need for users to manually transfer funds to a savings account.
The platform addresses several challenges in the current DeFi landscape:
In developing Auto HODL, we encountered significant hurdles, primarily with MetaMask Snaps under EIP-4337. These bugs disrupted our vision of seamless integration, prompting a pivot to a standalone UI solution.
MetaMask Snaps Integration: Our initial plan to use MetaMask Snaps for seamless integration hit roadblocks due to unpredictable behavior, necessitating the development of a standalone UI.
Integration Complexity: Integrating Auto HODL with diverse dApps proved challenging due to varying smart contract interfaces and transaction structures.
User Experience and Trust: Creating a standalone UI raised concerns about user experience and trust, prompting us to prioritize intuitive design and robust security measures.
Smart Contract Security: Security was paramount, leading to multiple external audits and rigorous testing to safeguard user savings.
Despite these challenges, we persevered, innovating to ensure Auto HODL's security and user-friendliness. Our experiences enriched our technical expertise, reinforcing Auto HODL as a secure, user-centric platform for automated savings.
Tracks Applied (9)
Arbitrum
Base
Base
Inco Network
Injective
Linea
XDC Network
Fhenix
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