YOLO Protocol Hook
MakerDAO + Synthetix + Gearbox, Unified in a Hook
Created on 16th May 2025
•
YOLO Protocol Hook
MakerDAO + Synthetix + Gearbox, Unified in a Hook
The problem YOLO Protocol Hook solves
YOLO Protocol is a Uniswap V4 Hook that combines the functionalities of MakerDAO, Synthetix, and Gearbox, deeply integrated into the Uniswap V4 ecosystem.
Our goal is to become the first fully on-chain equivalent of platforms like eToro or Plus500, enabling users to execute trades with up to 25x leverage, powered by YOLO Hook and Uniswap V4 infrastructure, while providing a seamless Web2-like trading experience.
Before YOLO Protocol, DeFi users faced several key limitations:
Underutilized Yield-Bearing Tokens (YBTs): Traditional DeFi protocols failed to unlock the full capital efficiency of YBTs, leaving substantial yield opportunities untapped.
Lack of on-chain synthetic asset exposure: There was no frictionless way to mint and trade synthetic assets tracking real-world prices like gold, gasoline, NVIDIA, or JPY in a decentralized environment.
Poor liquidity for synthetic assets: Fragmented liquidity across different DEXes made it difficult to access deep and efficient markets for synthetic asset trading.
Inaccessible high-leverage strategies: Existing protocols struggled to offer secure, high-leverage yield farming without exposing users to significant liquidation risk.
Hackathon Github Repo:
https://github.com/alvinyap510/hackathon-yolo-protocol-hook
Latest Github Repo:
https://github.com/YOLO-Protocol/yolo-core-v0
Challenges we 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
DeFi
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.