The problem Investly DCA solves

Investly tackles several key challenges in the cryptocurrency investment landscape:

Mitigating Market Volatility

Steady Investment Approach: By facilitating Dollar-Cost Averaging (DCA), Investly allows users to invest at regular intervals, reducing the risk of market timing and the impact of price volatility on investment portfolios.

Enhancing User Autonomy

Non-Custodial Control: Users maintain complete control over their funds, enhancing security and trust. Unlike traditional platforms, Investly ensures that investors are the sole custodians of their assets, aligning with the decentralized ethos of blockchain.

Reducing Transaction Costs

Gas-less Transactions: One of Investly's standout features is its ability to execute recurring investments without the typical transaction fees associated with blockchain operations. This innovation makes regular investing more accessible and cost-effective.

Streamlining Investment Processes

Automated Investments: Users can set up their investment parameters once and let Investly handle the rest. This automation simplifies the investment process, making it more accessible, especially for those new to cryptocurrency or investing in general.

Customizable Investment Strategies

Flexible Options: Investly offers customization in terms of investment frequency, amounts, and chosen cryptocurrencies, allowing users to tailor their investment strategies to their financial goals and risk tolerance.

Empowering Informed Decisions

Market Accessibility: By providing a user-friendly platform, Investly demystifies cryptocurrency investing, making it easier for a broader audience to enter the market with a strategy that encourages informed, disciplined investment behavior.

Investly addresses the need for a user-centric, cost-effective, and automated investment solution in the volatile cryptocurrency market, promoting a more disciplined and strategic approach to building wealth over time.

Challenges we ran into

While developing Investly, we encountered several challenges that tested our problem-solving skills and technical expertise:

Integrating Gas-less Transactions

Challenge: Implementing a system for gas-less transactions was complex, as it required innovative solutions to bypass the inherent gas fees of blockchain operations.

Solution: We explored various methods, such as meta-transactions and gas relays, to enable users to execute transactions without directly paying gas fees. We are going to implement it in the next version.

Ensuring Non-Custodial Security

Challenge: Maintaining a non-custodial architecture while ensuring user-friendly and secure interactions posed a significant challenge, especially for users unfamiliar with managing their private keys.

Solution: We implemented robust encryption and secure smart contract protocols to safeguard user assets. Additionally, we focused on educating users about security best practices and incorporated user-friendly backup and recovery options.

Automating Investment Strategies

Challenge: Creating a reliable and flexible system to automate the DCA investment process, accommodating various currencies and user preferences, required intricate smart contract logic.

Solution: We utilized a set of dynamic smart contracts capable of handling diverse investment strategies and parameters. Rigorous testing and user feedback helped refine these contracts, ensuring they operate seamlessly and adapt to user needs.