Inspiration
The tremendous potential of Olympus DAO motivated us to create this project. However there are many limitations to olympus protocol, primarily being a unused treasury. Our aim is to utilise a percentage of funds from treasury and use it to gain almost risk free return by depositing it in protocols like AAVE, Convex, etc. We will also utilize a portion of treasury to fund high quality crypto projects, which helps the DAO gain more profit once these projects grow big.
What it does
Glee Finance is the first decentralized finance available on Meter Blockchain based on GLFI token. Each token is backed by basket of stablecoins which gives it an intrinsic value. Glee Finance stakeholder can take part in Glee launchPad and participate in some of the most exciting projects that are being built on Meter blockchain. Stakeholder can stake GLFI token which auto-compounds itself every 8hrs. This allows stakers to have more allocation in the Glee LaunchPad.
How we built it
React, Material UI, Ethers.js, Solidity, Hardhat and lot of patience
Challenges we ran into
- Olympus in itself is a very complex protocol, we spent good time understanding every bits and pieces and doing necessary changes.
- We had to spent significant time to understand and tune the parameters.
- Providing the Utility to GLFI in Glee LaunchPad
Accomplishments that we're proud of
Completely functional app on Meter Testnet Network with all basic features like staking, bonding, wrapping, LaunchPad.
What we learned
We understood nitty gritty of the olympus protocol and was able to launch a next-gen version of the protocol on Meter network.
What's next for Glee Finance
- Integration of Glee LaunchPad with Project and Onboard them on Meter Blockchain
- Incubate 3 Projects by the end of year
- Providing more Utility for GLFI and sGLFI token
Log in or sign up for Devpost to join the conversation.