DeFiSync
Synchronizing Cross-Chain Liquidity Pools
Created on 5th October 2024
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DeFiSync
Synchronizing Cross-Chain Liquidity Pools
The problem DeFiSync solves
The Problem
High Gas Fees & Low Throughput on Ethereum: Traditional DeFi platforms face scalability issues, leading to high gas fees and slow transactions during network congestion.
Inefficient Liquidity Allocation Across Chains: Managing liquidity across blockchains like Ethereum, ICP, and Manta is complex and inefficient, resulting in suboptimal rewards and fragmented assets.
Lack of Optimized Liquidity Farming: Users miss out on rewards due to a lack of real-time optimization tools, with manual liquidity monitoring being tedious and error-prone.
Governance and Privacy Concerns: Many decentralized platforms lack secure, verifiable governance, and users are worried about transaction privacy.
Cross-Chain Interoperability: Managing liquidity across multiple chains involves complex, manual processes, increasing inefficiency and risks.
The Solution
Scroll zkRollup: Scroll's zkRollup technology batches transactions to reduce gas fees and improve throughput, enabling efficient liquidity deposits and withdrawals.
Cross-Chain Liquidity Management (ICP): ICP’s Cross-Chain DeFi integrates seamless liquidity movement across blockchains like Ethereum, ICP, and Manta, maximizing rewards and capital efficiency.
ORA AI Optimization: ORA AI uses real-time data and algorithms to optimize liquidity allocation, maximizing returns without constant manual intervention.
World ID for Governance: World ID provides secure, private governance, allowing users to vote on proposals and submit ideas while keeping personal details confidential.
TLSNotary for Privacy: TLSNotary ensures secure, verifiable user participation in liquidity pools, addressing privacy concerns and keeping interactions confidential.
Challenges we ran into
- getting data's from protocols
- compiling files and dependencies
- testnet tokens for POC testing
Tracks Applied (8)
🚀 Deploy on Scroll (Pool prize)
Scroll
Build on Manta
Manta Network
Best Use of The Graph
The Graph
🚀 ICP-Ethereum Chain Fusion Challenge: Bridging DeFi Worlds 🌉
Internet Computer
🆔 Best Use of World ID
Worldcoin
🏊 Pool Prize
Worldcoin
Best Overall Use Case of TLSNotary
Privacy & Scaling Explorations
Build with ORA
ORA
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