Serenity
Power Governance and liquidity for your protocol, through our protocol!
Serenity
Power Governance and liquidity for your protocol, through our protocol!
The problem Serenity solves
If you take a look at any Dao that has a ve style staking system. There is a flaw or rather an incompetence in how the staking tokens are being utilized to provide governance.
Lets take the case of Curve Dao . You stake some CRV into their ve contracts to get some veCRV. Curve gets assurance for their tokens, users get voting power; both parties are happy. While this is functional, the CRV tokens inside ve contracts are stale.
What we do is we provide multiple liquidity ensuring and yield generation strategies for both protocol and users. We route the staking tokens through various strategies. Currently the main one is through Uniswap V3. This means that users can now generate yield on their CRV, CurveDao gets more liquidity on DEXes and this ensures more efficient token flow.
Challenges we ran into
We had trouble with meeting everything with the deadline
Tracks Applied (3)
DeFi
We are a DeFI protocol that allows protocols to expand their liquidity and also give their users voting powersAnon Aadhar
We are a DeFI protocol that allows protocols to expand their liquidity and also give their users voting powersEthereum Support Program
Scaffold-ETH
We built the entire thing on scaffoldEthereum Support Program
Technologies used
Cheer Project
Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.
Discussion