Accessibility, Trust

• By turning an liquidity pool into a convenctional investment tool. We turn a complicated aspect of decentralization into an easy to use tool.

• Lynxify's main goal is to always push for more trust in the decentralized market. We hope by utilizing DOA governance we can further gain the trust of the populace. Benefitting us and the market as a whole.

1. User creates/conncts Wallet

2. Users purchase the LYNX token

• The system purchases the required tokens needed to back the purchase
• The system moves the purchased tokens to our LP.
• The user now owns a token index of assets on the Hedera market

3. User stakes LYNX

• The user gains governance tokens via staking

4. User interacts with UI to choose between pre selected options the governance has predeployed to be chosen from.

• User burns tokens to propose a change to the governance

5. Users view proposals via the UI and vote on a proposal they view as favorable

*User burns tokens to vote on proposal

6. The smart contract changes how the governance is ruled. (again these are predeployed as options)

• Assets are rebalanced/added/removed if necessary

Our tokenized index is designed to be mint LYNX with the compositions assets. We demonstrated minting from deposited tokens, but such a design would require frequent balancing. In order to solve that I used OpenAI in conjunction with HCS to allow for a governance DAO to leverage automation in managing the index.

Hedera Agent
Hedera HCS
Hedera HTS
OpenAI API

Index liquidity pool, utilizing DOA governance

Diversified Index - None of the index tokens that we discovered offered diversification. Most, if not all tokens only focused on "the top 20 tokens." Which did not lead to diversification. We noticed that a large marjority of the tokens that are within the top 20 have the same use case. Our token will be the only available token, that we know of, that offers true diversification.

Lower Risk via Diversification – Exposure to multiple assets reduces reliance on any single asset’s performance.

Accesibility - Choosing an LP can be difficult. Now you don't have to choose, there is only a single pool to choose. Also, by offering our product as a traditional investment asset, we increase the ease of access for users who are not familiar with the market.

Trust - Lynxify's main goal/ethos is to build trust in the decentralized market. Our goal is to develop truly decentralized products that align with the essence of web3. We hope that we can shape the market to move towards decentralized products, just as much as they do centralized ones. (centralized markets dominate web3)

LXY/USDT Trading - Trades can swap between LYNX and USD to gain or remove exposure to the market in a single trade

Stepping Stone - This MVP product will provide Lynxify a foundation to build our single value indexed liqudity pool. A long term goal of our projext, providing Lynxify with an advantage over the marketplace.

• We did not setup the automation process for users to purchase our token. In other words, users must deposit the corresponding tokens that match the composition.

• We plan to offer a way for users to purchase the token with a single asset. The Index fund will then rebalance.

• We were not able to setup our own liquitidy pool, so this part of the project is simulated

• Our longterm goal is to develop liqudity for Lynxify to move to a single value index fund token. We need to setup our side of the liqudity pool before releasing the token.

• Our goal is to raise 3 million in staked liquidity, which will allow us to develop a single value indexed liqudity token. This will be used to support our unique DEX.