Svet Index

team

Inspiration:

DeFi currently constitutes less than 1% the of total crypto-currencies daily trading activity or about $5 billion. This proportion is expected to grow in the future but even if it does not an influx of three-and-a-halve trillion dollars to the 'main' crypto-market means that DeFi has a potential to expand seven-fold (to $34 billion) from the current levels.

That flow of new investments into the unregulated, decentralized finance markets might be increased at least two-fold by the current tense geopolitical situation which continues to evolve into the direction of major world's regions further self-isolation from each other.

With an average account size ranging between 1000 and 5000 USD ($3000 av.) the total sum, which has been already invested by fledgling generation of assets holders using this application to the stock market, is estimated to be 39 billion USD.

As the popularity of crypto-currencies among younger investors continues to increase, it might, then, be reasonably assumed (from this application's statistics alone) that for about 5 percent ($1.65 billion) will be allocated to this high-risk assets category by millions of new day-traders discovering for themselves the DeFi markets.

What it does

SVET Index positions itself as a provider of algorithmic solutions for individuals with high risk tolerance and an interest to non-traditional digital assets markets (specifically, DeFi).

SVET Index developers' more than 5 years experience with decentralized blockchian platforms allows them to combine traditional fundamental analytical approaches such as projects' due-diligence and audits with on-chain analysis and smart contracts technologies.

SVET Index allows individuals to, essentially, follow the strategy of the leading Silicon Valley private funds by aggregating individual contributions of SVET community on audited, secured and algorithmically managed smart contracts accounts. It provides contractual parties with an opportunity of early entry into otherwise unaccessible deals and, at the same time, gives crypto-funds a broader reach into the crypto-enthusiasts community.

SVET Index employs the wide variety of smart contracts to meet users personal preferences and capital availability. Additionally, https://svetrating.com/svetindex platform allows to establish and to maintain the direct line of communication to SVET community through periodic ratings updates and projects' reviews.

How we built it

We have built it during four months with Solidity and React.

Challenges we ran into

The integration with Uniswap. Building / composing an array of ERC20 SVET Indexes from multiples tokens with different liquidity pools. Integrating Index interface with Redux-based EthVortex library.

Achievements:

Winning the Polygon-Grants Hackathon. The Hackathon was sponsored by Polygon with a $100,000 prize pool to encourage developers to contribute early-stage projects and ideas to the Polygon ecosystem. The whole prize pool was allocated based on the results of the community voting as well as judges’ voting results.