Clamp

The project enables users with low crypto literacy to invest in digital asset indexes and build a diversified portfolio. More than 90 percent of those interested in crypto never start investing in crypto because they find it time consuming, difficult to understand and end up adopting a trial and error approach to crypto investing.

There’s a clear preference for passive investment in equities. For some context, the passive investment market in equities is 3x the active investment market. Crypto exchanges solve for active investment use cases but the passive investment market is unserved. We believe digital asset indexes can be a simple and easy entry point to bring the next wave of crypto investors.

It extends the concept of smart contracts as a wallet to create dedicated contract accounts linked to the user’s public key/external owned accounts for buying and selling these indexes. These digital asset indexes enable users to own actual ownership of the underlying erc20 tokens in the index versus issuing an index token or a derivative/synthetic token.

Users can pick, edit, customize allocations of any digital asset index. We believe this is the biggest differentiating factor as it truly fulfills the core crypto principles of open finance, decentralization and censorship resistance.

It uses Uniswap v3 to route the swap transactions through multicall. We use batch transactions to save gas for our users. Users can swap these indexes back for erc20 or withdraw these underlying tokens back to their external owned accounts with the withdraw function.

This project uses Uniswap v2/v3 as required depending on the underlying network for completing the swaps between erc20 and indexes. Our main contract swaptoken.sol uses Uniswap v2/v3 and extends the functionality of clone factory pattern to create contract accounts for users which helps manage their digital asset indexes.

We explored the use of 1inch, KyberSwap and other DEX aggregators but the best price for our users was available at Uniswap v3. Hence, we decided to write the smart contracts for integrating v3 directly into our platform.

We are deployed on Taiko, Scroll and Polygon POS. We believe that users on Taiko and Scroll will benefit largely from our deployment as it will give users the ability to build a diversified crypto portfolio in minutes.

As the user base on Taiko grows, we will be able to serve a large count directly with a mode wide variety of tokens.

We uploaded our contracts to the Bunzz smart contract hub and also used modules which were open source and previously available on the hub. This made it easy for us to deploy on multiple evm compatible networks.