SAAVE

Inspiration

SAAVE draws inspiration from the need to simplify DeFi for beginners. We aim to empower users by combining AAVE and Curve Finance, offering a seamless entry point into decentralized finance.

What it does

SAAVE streamlines decentralized finance by depositing stablecoins into AAVE, a trusted lending protocol. Users receive AToken as proof of their loan, which is then employed in Curve Finance's liquidity pool. This process earns users trading fees and additional profits in a secure manner. Essentially, SAAVE combines these battle-tested protocols, offering a user-friendly interface for beginners to effortlessly navigate and earn passive income on their stablecoins. The protocol stands as a testament to simplifying DeFi, making it accessible and profitable for a broader user base.

How we built it

SAAVE's development began with a meticulous approach to smart contract coding in Solidity on Ethereum's platform. The integration of AAVE and Curve Finance protocols demanded a thorough understanding of each, ensuring seamless interoperability. Leveraging the capabilities of Polygon's scaling solution, we prioritized efficient transactions and lower fees for users. Collaborative teamwork and continuous testing were pivotal, allowing us to address challenges in real-time. The result is a robust DeFi protocol that combines security, user-friendliness, and optimal performance for a seamless experience on Ethereum + Polygon.

Challenges we ran into

Finding a way to fund auto-compounding which requires someone or a bot from Chainlink Keepers. It can be incentives funded by user profits. For now we have just opted to swap CRV profit for USDC when the user withdraws. Finding a way to have people pool stake CRV for additional profits

Finding ways to do things better than competitors like Convex, StakeDAO and others.

Contemplating whether we should add CRV staking or not

Calling curve's exchange function to swap CRV for USDC

Finishing landing page and docs

Calculating data queried from the blockchain for frontend UI

Completion of app UI

Accomplishments that we're proud of

Successfully combining battle-tested protocols and deploying on Polygon, we've created a user-friendly DeFi experience. Our achievement lies in offering a safe and profitable solution for users, particularly beginners, to earn passive income on stablecoins.

What we learned

The project taught us the importance of seamless protocol integration and user-centric design. Overcoming challenges in smart contract development and optimizing for efficiency on Polygon enhanced our understanding of DeFi ecosystems.

What's next for SAAVE

In the future, SAAVE aims to expand its protocol, explore additional partnerships, and enhance user interface features. Continuous optimization, community engagement, and adapting to evolving DeFi trends are key priorities for our project's growth.

Built With

• aave
• arcana
• chainlink
• livepper
• next.js
• polygon
• push
• solidity