Created on 27th October 2024
•
It's difficult enough to go through the process of getting PYUSD into a digital wallet, it's even harder to then get that PYUSD into Aave to earn that attractive yield. PyPouch addresses this point of friction: DeFi apps offer great services but there user interfaces can be overwhelming and difficult to navigate.
Additionally, it can be difficult to exactly track what happens when PYUSD leaves your wallet to go to Aave to earn yield. DeFi activity is so hard to track that users usually need third-party services to reconcile their activity. Users are significantly burdened and will avoid using DeFi due to this challenge.
PyPouch addresses these two issue by providing a minimalistic application integrated with a modern digital wallet (e.g., Coinbase Smart Wallet) to reduce friction as much as possible for savers and spenders. PyPouch's smart contract account tracks your earned interest from Aave everytime you interact with your account, making it simple to keep track of your onchain activity using event logs.
PYUSD is on Mainnet so getting the application up and running, plus using the app to record the demos, was a bit of money. I primarily tested during off peak hours and transactions on mainnet were not that expensive.
Tracks Applied (3)
PYUSD
PYUSD
PYUSD