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BlockRock

Thousands of opportunities - one coin, tailored to you. Invest in a selection of coins in one click and let BlackRock do the portfolio optimisation for you.

BlockRock

Created At

ETHGlobal Brussels

Winner of

WalletConnect - Best projects building with WalletConnect's AppKit 2nd place

Project Description

BlockRock is a revolutionary platform aimed at addressing one of the biggest issues in DeFi - the MASSIVE amount of random tokens no one understands!

Utilising state of the art financial portfolio models, BlockRock analyses your wallet transactions, NFT holdings, and interactions to place you in the relevant Risk Pool - Small, Medium, or Large. Our pools aim to mimic the TradFi ETFs - optimising for efficiency and simplicity, while providing clear overview of trends, profits and profits. You no longer have to spend every minute of your time ensuring your portfolio doesn’t crash - Risk Pools dynamically adjust their holdings (just like rebalancing in ordinary ETFs), ensuring optimal performance.

By integrating with Uniswap V4, we not only gain access to large pockets of liquidity, but also their new feature - hooks, which allowed us to create incentives such as dividend payments, and in the future - creation and redemption functionality which effectively allows the users to arbitrage across exchanges in one click, keeping the ETF price in line with the underlying. In the process BlockRock acts as the issuer, holding to the underlying assets. By staking our holdings, we are able to earn interest, which allows us to eliminate transaction fees, creating strong user incentives.

We allow for account abstraction features and social login via all major sources, as well as wallets hosted on hundreds of chains, thanks to the functionality of WalletConnect.

Thank you to the sponsors for the help, and happy trading!

How it's Made

The project currently relies on integration with Uniswap v4 for swap integration and WalletConnect for user abstraction.

To test our concept we created several testnet coins to represent the constituents of our ETFs. We then are able to swap these via Uniswap based smart contracts, allowing us to transact with both the buyer of the ETF, and to query pools for holding the underlying. We have also produced a post hook which pays out dividends to the user based on their share of gas fees, which can be initialised for different values unique to the pool.

We use WalletConnect to seamlessly integrate the customer path, allowing for wallet creation via social login and email or a variety of wallets. This is called from our front end in a straight forward and streamlines approach.

The ETF risk tiers haves been quantitavely optimised to reduce variance whilst maximising profit, via the VARmodel script which can be found in our repository.

By connecting their wallets, users can invest effortlessly, leveraging a variance-reducing model tailored to their risk levels. The platform dynamically analyzes holdings, determines risk profiles, and acquires tokens, adjusting to market conditions for optimal performance. BlockRock provides zero fees, dynamic analytics, and an intuitive user experience. Future enhancements include advanced investment models, complex order capabilities, Uniswap V4 MultiHop fee reduction, and enhanced security through ZK proof of reserves. With regular updates and innovations, BlockRock aims to offer the most efficient and user-friendly crypto investment solutions, empowering investors to navigate the crypto landscape with ease and confidence.

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