The problem DeFIWire solves

DeFIwires addresses the challenges faced by individuals in the decentralized finance (DeFi) space, offering a solution that streamlines and automates complex tasks. In traditional DeFi operations, users often encounter tedious and time-consuming processes that hinder their productivity and limit their potential for maximizing returns.

With DeFIwires, these pain points are eliminated. The platform allows users to automate their DeFi tasks using a simple drag and drop interface, without requiring any coding knowledge. This empowers individuals with little technical expertise to create and execute sophisticated strategies that were previously inaccessible to them.

By automating tasks that were previously performed manually, DeFIwires frees users from repetitive actions, enabling them to focus on higher-level decision-making and strategy refinement. Tasks such as executing systematic investment plans (SIPs), selling assets when they reach predetermined price points, and participating in staking activities can now be effortlessly managed with just a few clicks.

Furthermore, DeFIwires eliminates the need for users to constantly monitor the market and manually execute trades or actions. The platform automates these processes, allowing users to take advantage of favorable market conditions and seize opportunities promptly. This not only saves time and effort but also increases the chances of optimizing returns and minimizing risks.

Additionally, DeFIwires ensures the security and integrity of user data and assets. By leveraging Niftory's hybrid wallet custody solution, users can trust that their digital assets are protected throughout the automation process. The use of the transparent Flow blockchain provides an additional layer of trust, guaranteeing that user-created graphs and logic are stored securely and transparently.

Challenges we ran into

1. Integration of Niftory Hybrid Wallet Custody: One of the primary challenges we faced was seamlessly integrating Flow's hybrid custody model to accomplish that we used Niftory's hybrid wallet custody solution into DeFIwires. Ensuring a secure and user-friendly experience for our users.

2. Incorporating Increment.fi's DeFi Backend Applications: Integrating the robust backend infrastructure of Increment.fi into DeFIwires was another significant challenge. We aimed to provide users with a comprehensive suite of DeFi functionalities seamlessly integrated within our platform.

3. Ensuring Security and Data Integrity: As this product Cater's to the DeFI ecosystem and deals with real money, so utmost care has been taken inorder to make the system resilient by using decentralized architecture and onchain first approach, utilizing smart contracts on Flow for most of the logic