We are seeing interest bearing assets in the liquid staking space growing a lot in this bear market. This creates opportunities for an interest rates swap project. Where users can simply have access to immediate fixed yield for a fixed period of time and the liquidity providers are willing to speculate in the variable rates that the assets could provide.
Swappers have the benefit of a fixed yield instantly and can recover their collateral in a future date.
What it does
We have created a simple user interface that allows to anybody to find the best interest rate swaps opportunities across multiple pools.
How we built it
Challenges we ran into
The faucet was a big issue
Accomplishments that we're proud of
We created an amazing MVP that allows liquidity providers to create custom pools for interest rate swaps.
What we learned
We learned about interest rate swaps and their pricing mechanisms. Plus having a lot of fun.
What's next for iSwap
We want to launch it in Aurora !