The problem Tails Wallet - Invest in Defi on Flow solves

Currently the process of onboarding funds into Defi protocols is very cumbersome. The flow of funds from bank account to protocol is broken and typically requires the use of at least 3 different applications (1. A Crypto Exchange, 2. A crypto wallet, 3. A Defi web app) + large learning curve to overcome in order to deposit funds into a Defi app to earn yield. Imagine having to use 3 different applications everytime you wanted to deposit money into a bank account! With this broken way of using Defi it will be very difficult to onboard the next billion users!

Tails solves for this by streamlining the process.

We've created a mobile wallet experience that focuses on allowing users to earn yield from Defi protocols on Flow. We do this by allowing users to create a custodial FLOW wallet. From here, users can connect a bank account via Plaid, and transfer funds directly from their Bank account to IncrementFi's USDC Lending Pools.

Tails is the Robinhood (mobile app) of Defi protocols. We are making Defi more accessible to everyone!

Simple Pitch Deck Link:
https://docs.google.com/presentation/d/1ZMuPZ3JjvoPbs4ewYVbNQrP2dT20jNBqk0sFgw0DOkE/edit?usp=sharing

Challenges we ran into

Oddly enough we were having a really hard time creating Flow Accounts/Wallets due to the sparse documentation for how this is done in Javascript. We ended up creating wallets programatically (for testnet only, in production we would do this in a more robust manner) by using the node:child_process node module to install and use the flow cli from within our backend cloud architeture. This allowed us to generate the required key pairs and create the wallets.