Wizard Land is a SUI NFT project inspired by a fantasy MMORPG game that aims to create a captivating digital world and community for its users.
A decentralized, multichain yield optimizer
Confidential
2 months
Blockchain
2023
AWS, Mongo Atlas, Infura IPFS, Solidity, The Graph, Lambda serverless, NodeJS, ReactJS
Orcafi is a decentralized, multichain yield optimizer that allows its users to earn compound interest on their crypto holdings. Orcafi earns you the highest APYs with safety and efficiency in mind.
Orcafi aimed to become a leading multichain yield optimizer, providing users with maximized returns. However, several challenges stood in the way of achieving this goal:
– Robust security for multichain assets: Ensuring the paramount security of user funds across multiple blockchain networks was critical, given the inherent risks of smart contracts and cross-chain interactions.
– User adoption and liquidity acquisition: Attracting and retaining a diverse user base across different chains and with varying risk appetites presented a significant hurdle.
– Protocol integration and strategy optimization: Staying competitive and adapting to the rapidly evolving DeFi landscape, including new protocols, chains, and yield strategies, presented a continuous challenge.
To overcome the challenges, Hola Tech adhered to the best practices. Key components of the solution included:
– Fortify security infrastructure: Orcafi implemented rigorous security measures, including comprehensive audits of its Solidity smart contracts by reputable third-party firms. User funds were secured through a combination of on-chain governance and robust access controls. For efficient and secure data indexing across multiple chains, The Graph was utilized. Off-chain data pertinent to vault performance and user configurations was securely managed using Mongo Atlas.
– Drive user adoption and liquidity acquisition: Orcafi focused on providing a user-friendly experience with a ReactJS frontend that simplified complex yield farming strategies into easy-to-use vaults. Marketing efforts highlighted the automated compounding and multichain benefits, attracting users seeking passive income. Integration with various prominent DEXs and lending protocols across supported chains increased liquidity and appeal.
– Streamline protocol integration and strategy optimization: Orcafi developed a modular framework for integrating new protocols and blockchains, allowing for rapid deployment of new yield strategies. Automated rebalancing algorithms, powered by Node.js and running on AWS Lambda, continuously monitored APYs across integrated platforms to ensure optimal returns for users.
– Processed over 500,000 automated compounding transactions
– Maintained a 99.9% uptime for its smart contracts and decentralized applications
The implemented system successfully met Orcafi’s requirements for secure, high-performance, and user-friendly multichain yield optimization. The platform processed over 500,000 automated compounding transactions and maintained a 99.9% uptime for its smart contracts and decentralized applications, ensuring continuous and reliable service for users. Orcafi has empowered these users to passively grow their crypto assets across diverse ecosystems, demonstrating its success in providing a leading and accessible solution within the complex and rapidly evolving decentralized finance landscape.
Wizard Land is a SUI NFT project inspired by a fantasy MMORPG game that aims to create a captivating digital world and community for its users.
Zoop is an interactive social platform that aims to facilitate engaging community interactions and collaborative objectives through a unique social mission framework within the Telegram ecosystem.
KaiLend is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.
Wingswap is a decentralized finance (DeFi) platform that aims to provide automated, blazing-fast, and all-round solutions for the industry, enabling users to engage in yield farming, execute swaps and limit orders with low fees, and explore advanced NFT functionalities on a user-centric platform.