YOLO Protocol Hook

YOLO Protocol Hook

MakerDAO + Synthetix + Gearbox, Unified in a Hook

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Built at Base Batch APAC

Created on 16th May 2025

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YOLO Protocol Hook

YOLO Protocol Hook

MakerDAO + Synthetix + Gearbox, Unified in a Hook

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The problem YOLO Protocol Hook solves

YOLO Protocol can be understand as a projects that packs the functionalities of
MakerDAO, Synthetix and Gearbox in a single hook, deeply integrates with UniswapV4's vibrant ecosystem.

Before the project, users faced limitations in DeFi when attempting to:

  • Better utilize and unlock liquidity of Yield-Bearing Tokens (YBTs) – Traditional DeFi protocols underutilized the capital efficiency of YBTs, leaving potential yield on the table.

  • Track synthetic assets price like Gold, Gasoline, NVIDIA, JPY on-chain – There was no seamless way to mint and trade these synthetic assets in a decentralized manner

  • Synthetic assets lacked liquidity – Fragmented pools across various DEXes made it difficult to access deep liquidity for synthetic trading.

  • Execute high-leverage yield farming with low liquidation risk – Existing platforms struggled to provide secure high-leverage strategies without introducing significant liquidation risk.

Challenges I ran into

Before achieving the current stage, the project faced several significant challenges:

  • Time constraint – As we join the hackathon late, development of the entire protocol architecture, including Uniswap V4 integrations and synthetic asset logic, was done within just 2 days

  • Understanding Uniswap V4 Pool Managers – Learning the intricacies of Uniswap V4's Pool Manager architecture and its interaction with hooks presented a challenging but rewarding learning experience

  • Replacing Uniswap V4 Math with Custom Hook Logic – Adapting the default Uniswap V4 math logic to implement custom swap behaviors and synthetic asset tracking required precise hook integration.

Tracks Applied (2)

Stablecoins

USY (Yolo USD) is a protocol-native stablecoin – Minted against yield-bearing tokens (YBT) to unlock liquidity and drive...Read More

DeFi

Deeply tied up and utilizes the flexibilities of UniswapV4 Hook – Leverages UniswapV4's modular architecture for seamles...Read More

Technologies used

Solidity

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Discussion

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