Pool of Ideas 🏗
At Yearn we believe in composability and innovation. That's why we are hosting this pool of ideas where anyone can add ideas or take ideas to build the next innovation 🚀
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💡Ideas
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Submitted Ideas
Title
Idea Description
Team Status
Telegram Handle
Allow for one click interaction on yearn interface if a smart contract wallet like Gnosis Safe is connected.
Work needed: integrate call requests to communicate with smart contract wallets with eip-5792
Cowswap example: https://twitter.com/CoWSwap/status/1666445091399933953
@heymarcopolo
A strategy will be developed to assess the cost of life insurance for each applicant based on submitted info. Every month the applicant must pay the insurance premium. If the user defaults prior to redemption period, funds are kept by the vault. If person dies blockchain verified death certificate is submitted and validated by the vault and paid out to vault beneficiary.
@mlawbtc
The basic idea is that if I stake USDC in a vault and earn 5% APY, that instead of receiving the the yield in USDC, I would be able to have the USDC yield harvested periodically and the protocol would purchase YFI. Allowing me to DCA with yield from a stable coin into YFI and then potentially stake YFI in vault.
Essentially, have the option to redirect yield from vaults to other avenues for a passive portfolio building strategy. It does not need to be limited to USDC to YFI. Eventually, this could expand to redirect yield into a LP (ETH-YFI).
*I think this is similar to Oxcarnation idea below*
@Hardy_Har_Har
Basically do a twitter thread / blog for starters. While it's easy for us to think that people are grappling with understanding lending protocols etc, I believe it's easy to lose sight of the fact that most people in the world still think Crypto is just a new version of stock market. I would like to start right from scratch and do a slow topic by topic, easy to understand little pieces on the ABC of blockchain -> crypto -> DeFi
@sometaxguy
Fixed return Yearn vaults, where profit/loss is absorbed by the treasury
@defiglenn
Take LOOKS or ETH deposits, invest all ETH in LOOKS, stand all LOOKS on Looksrare, and auto reinvest/stake the ETH earned back into LOOKS.
shanebarratt
Search engines rank websites based on certain technical and content rules. I propose to execute a one time study of yearn.finance website to ensure that the HTML markup, meta-information and content rules do not affect the website's ranking negatively and create an action plan to identify and fix optimization issues the same time.
Discord Handle: Xypher#0462
A better way to aggregate yield from multiple strategies to minimize risk and DCA into the most undervalued strategy.
@0xcarnation on twitter
A guide book for new entrants to the blockchain security space
@0x510c
100 x different dogs created as NFTs to rejuvenate the Woofy project. Money raised goes to dogs charities. Resources needed: funds to commission several artists to create
@defiglenn
YEARN doesn't see fit the use of YFI as a backstop in case of hack and is pushing for use of decentralized insurance services. Holding in your wallet an NFT representing the insurance policy for the VAULT will give depositor reduced fees as he is de-risking his/her position already. This would be a nice incentive to buy insurance services, we could partner and even get an insurance reduction cost from insurer for yearn depositors
@miguel_cabeza
To have the option to add an address to earn a chosen percentage of yield earned for a user. This idea comes from wanting to share or stream yield to support an artist, whether in the NFT space or irl, like Patreon. Assigned address could withdraw anytime independent of vault user.
Example: User deposits DAI in yvDAI. User then wants to support an artist by setting 10% of yvDAI yield to be available to the artist's address to withdraw in DAI at any time. The user does not need to do anything else.
01/21/22 Update: Maybe similar to this https://twitter.com/PoolTogether_/status/1484213748223164417
JxyHelper
We are a team of 5 primarily based in AsiaPac who are taking part in the EthOnline Hackathon. We are looking for ways to do some good, have fun, and God-willing make some money in the process.
We understand there are arbitrageurs who are exploiting price differences among exchanges for a financial gain. We are a group of technologists who are more interested and curious in learning about the underlying mechanisms of how protocols work.
With this arbitrage bot we are looking to Improve yields for defi users, improve yearn protocol by reducing the price differences among exchanges, and perhaps increase DeFi adoption, just to name a few.
@sianjon
ETHRISE is ETH 2x leveraged token market built on top of Yearn Finance and Curve Finance.
It’s a simple way to get leveraged exposure to ETH without risk of liquidation, without paying daily management fees/streaming fees, while also earning yield from Yearn Finance.
bayualsyah
Allows streaming salaries to be created that also accrue interest to both parties enabling better capital efficiency
Example: The payor and the payee agree to a contract for an annual salary of 100,000 DAI. Once activated the payor sends 100,000 DAI into the contract which puts it into the yDAI vault. Once started the payee will earn in realtime and earn interest based time value of their earning stream being continuously invested in to the yDAI vault, while the payor will also earn interest on their continuously decreasing balance. This is possible to compute at withdrawal time using the future value of an annuity due formula.
An mock example from the payee side can be found here: https://jsfiddle.net/bgvianyc/wb2r18uc/222/
barryg
Webpage (on yearn.science?) showing Yearn's TVL from projects built on Yearn such as Alchemix, Badger, Element Finance, Enzyme Finance, Argent similar to
https://defillama.com/chain/Solana
@wot_is_goin_on
i.e a zap that covers the entire gas costs of creating a position in a vault in exchange for locking the deposit until the gas costs plus a % are repaid back to the contract for covering the transaction cost
@sambacha
Build a telegram bot using gnosis Zodiac to enable simple lazy consensus with optional on-chain execution within yTeam telegram groups.
Example: yPeople give a grant
- Bull wants to give a grant to newdev
- he uses the yTeamBot to start a motion
- the motion says "send 0.1 YFI grant to newdev"
- yPeople is 4/5 social consensus, so 2 people would need to object for this to be blocked
- if less than 2 people respond by objecting to this motion within a time-period (eg 48 hours), it passes
- in this case, it's a simple payment which can be automated, so yChad would receive a TX to approve, and then the motion is complete and executed
This could work for non-executable motions as well and the lazy consensus mechanism is easier that active votes.
This would formalize, simplify, and automate the yTeam consensus process for off-chain and on-chain decisions and allow for all yTeam decisions that can be made public in realtime.
@tracheopteryx
List all options - sdvecrv, cvxcrv, yvecrv, yvboost – together with their price and APY. Sort them putting the best price/APY on top and allow buys for each. Maybe even wrap them so that users can claim rewards in one tx.
@milkyklim
Improve on Earn v3 by adding newer protocols / lending markets and more accepted tokens. Optimize the partial lending for highest APY. This would be a yVault with just one strategy Gen Lender for those who are more risk-adverse. Could have no fees like Earn v3 or lower than normal fees.
@DarkGhosty
This would be an NFT vault that would buy 1 type of blue chip NFT and pool them into a vault contract. This would buy from the floor based on the best price available across the markets. The deposit token would be ETH while you can zap into it with any token. This wouldn't be a vault that increases your deposit token but takes a deposit amount and gives you another asset. Also, in the future it would earn yield on the NFT assets by using them as collateral via CDPs (whenever this product comes out).
@DarkGhosty
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Security Workshop