Wall-ETH

Inspiration

The reason is pretty straightforward: Wall-ETH is completely on chain! This total decentralization translates into greater security and transparency for the user, and it also removes the need to trust a centralized exchange as everything is done on the public ledger (Ethereum & Polygon). By leveraging Truflation and Chainlink, we can adjust its behavior using accurate, independent and censorship resistant off-chain data. As we scale, this can have impactful implications in modeling an edge in data provision beyond the markets.

What it does

Wall-Eth is a fully on-chain Algorithmic Trading bot that leverages real world data provided by Truflation to change the orderSize of the cryptocurrency purchase by adjusting it to the current value of the CPI. For the purposes of the hackathon, we have implemented a DCA strategy to demonstrate its functionality. If the macro conditions imply fear and high inflation, Wall-ETH makes a larger purchase. The idea is to ultimately use YoY Inflation, CPI, Consumer Sentiment Index, Cost of Gas, Precious Metals, and more to model strategies dependent on commodites, macro, fear, and so forth.

How we built it

We used smart contracts, truflation, chainlink automation & oracles, uniswap and much more

Challenges we ran into

Our initial idea was to draw outside information to adjust strategy - in order to do this entirely all on chain we were able to leverage Chainlink Any API and for the automation we used Chainlink Automation

Accomplishments that we're proud of

Being able to feed real world data and model macro into viable strategies for buying opportunities, trading, and eventually much more. Being able to represent all of that "scary" data into something like a dynamic friendly robot that buys or trades for you is a pretty neat way to tie everything together.

What we learned

We learned the challenges of synchronizing many moving parts into one system that is able to call, assess, and make a buy, as well as reflecting all of this onto a dynamic NFT.

What's next for Wall-ETH

As we further develop Wall-ETH, we will be able to incorporate YoY Inflation, CPI, Consumer Sentiment Index, Cost of Gas, Precious Metals, and more to give a greater edge in the market when deciding the OrderSize of your DCA purchase, or even algorithmic trading and MeV strategies. Approving the TX will also give you a dynamic NFT (Wall-ETH!) that changes mood based on the same data and represents your stake. This can be expanded to many use-cases within many industries such as housing, lending, gaming, big data, and more.

We are running a local node that will stay up as much as possible because the Chainlink one wasn't working