Inspiration
Solana's DeFi ecosystem has a strong foundation of base layer protocols, however, the ecosystem is under-connected with few protocols integrating each other and leveraging cross-chain infrastructure. Establishing an adequate vault infrastructure framework and supporting protocol integrations allows for structured products to be created which would unlock innovative investment use-cases that are prevalent on other networks, like Ethereum.
What it does
At the core of the AstroFi protocol is a vault framework that is utilized to incorporate investment strategies for any given asset by integrating protocols and deploying funds according to the strategy.
AstroFi is preparing to deploy a stable interest-bearing USD vault that uses a $UST strategy by integrating and farming a pool on a Solana-based AMM during the Luna x Solana liquidity mining program (https://station.terra.money/proposal/165).
AstroFi will provide access to the vaults on Ethereum by leveraging the Wormhole protocol and building a basic Ethereum protocol that deploys deposits through Wormhole, unlocking cross-chain interoperability.
How we built it
Our infrastructure was built by remodelling similar Ethereum protocols onto Solana by using Rust and Anchor. AstroFi leverages Pyth for pool/farm strategy analysis.
New products can be created and deployed rapidly by using the vault framework and existing protocol integrations.
Challenges we ran into
Problems with compute limitations and data collection were some challenges we faced.
Accomplishments that we're proud of
Building Solana's first vault products that integrate multiple protocols and allow users to access sophisticated investment strategies through a simple to use vault deposit function.
What's next for AstroFi - Solana's Cross-Chain Yield Aggregator
The rollout of multiple vault products and further integrations with Solana protocols, incorporating more complex strategies.
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