Stability
Infrastructure layer for strategic DeFi Assets Management
Created on 17th June 2024
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Stability
Infrastructure layer for strategic DeFi Assets Management
The problem Stability solves
What is Stability?
Stability stands as a decentralised infrastructure layer for strategic DeFi Assets Management of crypto earnings through rewards. Designed with a focus on safety and efficiency, Stability ensures users achieve the highest Annual Percentage Yields (APYs) effortlessly.
Empowered by smart contracts, Stability employs a set of investment strategies that automatically amplify user rewards across diverse liquidity pools (LPs), automated market making (AMM) projects, and other lucrative yield farming avenues within the DeFi ecosystem.
Key Features
- Unlimited types of vaults and strategies interfaces
- Tradable NFT ownership for strategists and vault managers
- Automated Liquidity Management
- IL tracking
- ZAP feature
The Problem it Solves
Our protocol addresses several key issues in DeFi:
Firstly, it solves the problem of low active management of on-chain capital, which currently stands at only about 5%, compared to over 60% engagement typically seen in traditional finance.
Secondly, it tackles the challenge of DeFi investing requiring constant active involvement due to its decentralized nature and the lack of passive income opportunities that are usually available in traditional finance.
Lastly, it mitigates the isolating experience many users face due to the absence of communal or managed investment options.
What can people use it for?
- Maximizing Crypto Earnings: Optimized rewards management for highest APYs
- Diversified DeFi Investment Opportunities: Access to diverse liquidity pools (LPs) and automated market making (AMM) projects
How it makes existing tasks easier/safer
- Effortless Earnings: Automated investment strategies for maximized rewards
- Freedom and Flexibility: Withdraw funds at any moment without lock-in contracts
- Secure and Efficient: Smart contracts ensure secure and efficient investment strategies
- Dynamic Investment Vehicles: Vaults compound rewards without restricting user access
Challenges we ran into
Challenge 1: Subgraph Data Fetching Errors
The subgraph was not fetching data correctly, and I struggled to identify the root cause. After some debugging, I discovered that the issue was with the data formatting and the way I was querying the subgraph.
Solution:
I adjusted the data formatting and modified my queries to match the subgraph's requirements, resolving the issue.
Challenge 2: API Refactoring
Refactoring our API to improve performance and integrate new features presented several challenges. I had to navigate through version conflicts, breaking changes, and performance optimization while ensuring testing and validation.
Solution:
I employed a structured approach, including thorough planning, incremental refactoring, automated testing, and code review to overcome these challenges and successfully refactor the API.
Tracks Applied (1)
Trading Track
TRADING with Aerodrome and Synthetix
Technologies used
Cheer Project
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