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DeFiBrain

DeFiBrain

DeFiBrain is your ultimate DeFi investment AI assistant, harnessing the power of AI technology, NEAR multichain technology, and The Graph to discover DeFi products tailored to your needs.

Created on 30th March 2024

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DeFiBrain

DeFiBrain

DeFiBrain is your ultimate DeFi investment AI assistant, harnessing the power of AI technology, NEAR multichain technology, and The Graph to discover DeFi products tailored to your needs.

The problem DeFiBrain solves

DeFi presents a plethora of investment options, but for individual investors, navigating this landscape can be overwhelming. With over 100 layer1s and numerous DeFi protocols, it's challenging for newcomers to find their way. DeFiBrain aims to empower investors by offering personalized recommendations and insights, facilitating informed decision-making in the dynamic DeFi space.

How We Addressed It 🚀
(1) Information Overload: Our AI assistant filters through extensive data to pinpoint DeFi products that match the user's investment preferences and risk tolerance.
(2) Lack of Expertise: Many investors lack the technical know-how or time for thorough research. DeFiBrain employs advanced AI algorithms to analyze various factors and suggest promising investment opportunities.
(3) Efficiency: Manual searching for DeFi opportunities is tedious and inefficient. Our AI assistant streamlines the process by leveraging AI technology, NEAR multichain technology, and The Graph.

Challenges we ran into

(1) When using the Graph, the amount of data on the chain is very large, and it is difficult to find the required fields. We read a large number of protocol documents, and source codes, and then found many calculation methods and storage of corresponding variables such as APY to obtain data which we use to help users find better DiFi products.
(2) When trying to integrate the Chain Signature feature of NEAR into our Dapp, we find that the example is completely based on @ethereumjs. It interacts with smart contracts by directly sending a transaction. We have to modify the simple transfer transaction into a much more complex transaction which allows the NEAR wallet to generate the signature and directly interact with the Ethereum DeFi smart contract.
(3) When creating a new subgraph for the burrow protocol on the Near chain, we can't get the ABI directly. To make matters worse, the source code on github is outdated. We tried to solve the problem with the tech staff from the Graph, Near and Burrow protocol together, but still couldn't debug it. So we built another new subgraph of AAVE on the Sepolia network instead. Since AAVE v3 adopts the EIP-1967, we create that subgraph from a proxy contract.

Tracks Applied (3)

Best New Subgraph

We created a new AAVE sepolia subgraph. By utilizing this subgraph, we could extract DeFi product data to compare with o...Read More
The Graph

The Graph

Best Use of Subgraph

We used the existing AAVE Ethereum subgraph to extract DeFi product data, such as supplying APY, borrowing APY, total s...Read More
The Graph

The Graph

Chain Signatures: Cross-Chain Without Bridges

Our product is based on the Near Chain Signatures Technology: the latest programmable MPC technology that enables cross-...Read More
NEAR Protocol

NEAR Protocol

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