Yield Station

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  Yield Station

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Inspiration

1. Inspired by: https://jup.ag https://yearn.finance https://wormholebridge.com;
2. Same assets are making different yield amounts on different protocols on different chains at any given time;
3. Currently there is so much yield aggregation arbitrage opportunities between yield aggregator protocols on different chains;
4. Everybody wants to earn the highest possible yield amount with lowest risk, and lowest complexity;
5. Most of the users are lazy, and hesitant to try new protocols, and new chains;
6. Most of the users don't know how to make cross chain transaction;
7. Most of the users won’t spend time to search all the constantly changing yield differences between different protocols;
8. Users won’t spend time to search for all the new platforms that offering better yield amount with better yielding strategies;
9. Even though there are new yield aggregator protocol that offering better yield strategies, nobody want to take the risk to provide liquidity to the protocol, until the protocols attracts higher enough TVL;
10. Users on Ethereum despite earning low rate, they feel more safer, and happy to provide liquidity on Ethereum, because they think protocols on Ethereum is more safer and easier to use;

What Yield Station does

1. Yield Station is a liquidity management protocol that provide liquidity to all other Yield aggregator protocols(like https://jup.ag is a DEX for all other DEXs);
2. Yield Station kind of work like a automated asset manager that looks for best yield aggregator protocols that has great strategies to earning highest yield at any given time, and constantly providing liquidity to earn highest available yield for the LPs;
3. With help of Yield Station: LPs don’t have to worry about providing liquidities to different yield aggregator protocols, and yield aggregator protocols don’t have to worry about not having enough liquidity to match the demand;

How we built it

1. We would've build more functions if we knew the hackathon earlier, since we didn’t have much time left, so we minimized the protocol functions, so we build a MVP version of the protocol;
2. The current version is not that complicated to build;
3. We just build liquidity storing vault like Yearn finance vault on Ethereum, and Solana;
4. Sort out yielding amount of each asset pairs on different yield aggregator protocol on Solana, and automatically deposit/withdraw liquidity to highest yielding pools on different protocols;
5. Based on current foundations ,we will expend to more chains in the future;

Challenges we ran into

1. Sort out yielding amount of each asset pairs on different yield aggregator protocol function;
2. We are working on an asset matching function that will be deployed in the near future. it’s a unique solution that doesn't exist anywhere, and we are kind of facing a lot of challenges on it;
3. So on;

Accomplishments that we're proud of

1. We actually start work on the project in last 10 days of the hackathon;
2. Quickly build out the MVP version of the protocol ;
3. We have well thought out future Roadmap, and uniquely created functions are coming;

What we learned

1. About Wormhole;
2. All of the Yield aggregation protocols on Solana, and yield aggregation strategies of them;

What's next for Yield Station

1. Expend to as many Chains as possible;
2. Filter all the most reliable, safe Yield protocols, and constantly look for new better yield aggregator protocols;
3. Lunch the insurance fund pool contract;
4. Decentralized the protocol with gov token;
5. Lunch LP Squad functions that users can provide liquidity to DEX liquidity pairs with single assets;
6. Yield Station utilization arbitrage function that initialize low interest asset on the Lending protocols, and provide liquidity to the DEX Stable pairs by leveraging the LPSquad function;
7. Yield Station Pro: will integrates with https://compoundtreasury.com and provide liquidity to risk free yielding strategies across chains;
8. Over time we will offer all kinds of yielding solution to attract more liquidity to Solana;
9. We’ll offer https://pole.finance (attract more liquidity to Solana);
10. We’ll offer https://app.katana.so options contract yielding pools (attract more liquidity to Solana);
11. So on different upcoming new yield aggregator protocols ;

Quick clarity:

1. Yield Station is not a yield aggregation protocol like Tulip, Yearn or Pole, but Yield Station will constantly provide liquidity to best yield aggregator protocols like Tulip, Pole, and so on yield aggregator protocols across chains;
2. Yield Station attracts liquidity to Solana from all other Chains;

Hackathon Prize Sponsors integrations:

1. Yield Station is a way to attract large amount of liquidity from all other chains to Solana;
2. Serum: Yield Station will bring large amount of liquidity to Serum ecosystem(Atrix, Saber, Raydium, so on Dexs, Options protocols, and so on all kinds of protocols);
3. Wormhole: Yield Station will constantly move liquidity across chains to provide liquidity to different yield aggregators, so we’ll use Wormhole regularly;
4. Atrix: Yield Station will provide all kinds of token pairs on Ethereum to make Atrix have more pool pair options, and provide tokens that Atrix has lower liquidity;
5. PsyOptions: Yield Station will attract liquidity from other chains to options yielding pools on Solana(https://friktion.fi and https://app.katana.so), it can help Solana have more options liquidity

Built With

• anchor
• javascript
• python
• react
• rust
• solidity
• wormhole