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CoInvest

CoInvest: Empowering collective wealth through decentralized investing. Form groups, pool funds, and share profits with ease. Leverage blockchain transparency and automated smart contracts for a secure, seamless experience. Invest smarter, together! 🌐💸

CoInvest

Created At

Superhack 2024

Project Description

This DeFi platform revolutionizes investment by making high-yield opportunities accessible to micro-investors. It combines innovative strategies, secure vaults, and tokenized participation to create an inclusive and equitable investment environment.

Key Features: Micro Investment Focus:

The platform lowers barriers to entry, enabling small investors to participate in high-return investment pools. This democratizes access to financial growth opportunities for those with limited capital. High Distribution Model:

Profits are distributed equitably among all investors, ensuring even small contributions receive a fair share. This is a departure from traditional models where larger investments often dominate returns. Pooling and Redistribution:

Micro investments are pooled together, with returns redistributed in a way that maximizes benefits for smaller investors, promoting collective growth. Investor Engagement and Education:

The platform includes features designed to engage and educate micro-investors, helping them better understand and manage their investments, fostering a more informed investor base. Community and Governance:

Decentralized governance ensures that small investors have a voice in the platform's decisions, protecting their interests and encouraging active participation. Tailored Incentives:

The platform offers incentives specifically designed to reward micro-investors, such as bonus tokens or enhanced yield opportunities, encouraging long-term participation. Key Innovations: Inclusive Access:

By lowering entry barriers, the platform ensures that high-yield investments are accessible to everyone, regardless of their financial background. Equitable Profit Distribution:

Ensures fair profit distribution, allowing small contributions to benefit equally from high returns. Tailored Incentives:

Custom incentives and educational resources cater to micro-investors, fostering growth and financial literacy. Sponsors and Integrations: Mode, OP, and Base:

The contract is deployed with cross-chain support on these networks, enhancing accessibility and scalability. SuperForm's Vault:

Utilized for ERC-4626 vault functionality, ensuring secure and efficient management of tokenized assets. Pyth:

Provides accurate price feeds for all invested tokens, ensuring transparent and fair valuations. EAS (Ethereum Attestation Service):

Verifies pool creator documents, adding an additional layer of trust and security. Chainlink:

Implements cross-chain token investments, allowing seamless integration across different blockchain networks. Farcaster:

Deploys frames for each pool, enabling direct investment from users on the platform. Impact: This app empowers micro-investors by providing them with tools and opportunities traditionally reserved for larger investors. Through its innovative design and inclusive approach, it fosters financial inclusion, encourages informed investment decisions, and ensures equitable profit distribution. The integration of advanced technologies and cross-chain support further amplifies its potential, making it a valuable tool for both novice and experienced investors.

How it's Made

  1. Smart Contract Architecture: Core Contracts: The platform's core is a series of Solidity smart contracts deployed on Ethereum and compatible chains (like Mode, Optimism, and Base). These contracts manage the creation, activation, and investment processes for each pool. Pool Contract: Each pool is represented by a smart contract that handles all interactions related to that specific pool, including investments, profit calculations, and withdrawals. It maintains data on the pool's parameters, such as required funds, investment tokens, and percentages. Vault Integration: The platform utilizes ERC-4626-compliant vaults, specifically SuperForm's vaults, to securely store and manage tokens during the pool’s active period. Vaults not only hold the assets but also allow for additional yield-generating strategies such as staking or lending. CoInvest Token: When users invest in a pool, they receive a CoInvestToken representing their share of the pool. This token is an ERC-20 token minted specifically for each investment, acting as proof of ownership and entitling the holder to a proportionate share of the pool’s returns.
  2. Cross-Chain Functionality: Multi-Network Deployment: The platform is designed to operate across multiple blockchain networks (Mode, Optimism, and Base) to enhance accessibility and liquidity. Cross-chain compatibility is achieved using Chainlink’s cross-chain communication technology, which allows for seamless token transfers and interactions across different blockchains. Tokenized Investments: Investments in the pool are tokenized, allowing for easy management and transfer of shares across chains. This ensures that users can participate regardless of the network they are on.
  3. Security and Verification: Ethereum Attestation Service (EAS): EAS is used to verify the credentials of pool creators, adding an extra layer of trust. This service ensures that only verified and reputable individuals or entities can create and manage pools, protecting investors from potential scams. Vault Security: The use of SuperForm's ERC-4626 vaults ensures that the tokens are stored securely and managed according to best practices. The vaults also handle additional operations like yield farming or staking, further enhancing returns while maintaining security.
  4. Price Feeds and Valuation: Pyth Network Integration: Accurate and real-time price feeds for the tokens involved in the investment pools are provided by Pyth. This ensures that the value of assets within the vaults is always up-to-date, which is critical for calculating returns and for fair distribution during withdrawals.
  5. User Interface and Experience: Front-End Development: The platform’s front-end is likely built using modern web technologies like Next.js, React, or a similar framework, providing users with a smooth and responsive interface for interacting with the pools. Farcaster Integration: To enhance user interaction, each pool is deployed with frames on Farcaster, enabling users to directly invest in pools through a decentralized social network interface. This makes it easier for users to discover and engage with investment opportunities. Investor Education: The platform also focuses on educating investors, particularly those new to DeFi, by providing resources and tools to help them understand the investment process, risks, and potential rewards.
  6. Governance and Community Involvement: Decentralized Governance: The platform includes mechanisms for decentralized governance, allowing investors to vote on key decisions, such as changes to investment strategies or the creation of new pools. This ensures that the community has a say in the platform's direction, particularly the smaller investors whose interests are often overlooked. Incentive Structures: The platform is designed with incentive structures that reward active participation and long-term investment, particularly for micro-investors. These might include bonus CoInvestTokens, higher yields, or other rewards tailored to encourage engagement and commitment.
  7. Liquidity and Tradability: CoInvestToken Tradability: Depending on the implementation, CoInvestTokens could be designed to be tradable on secondary markets. This feature would allow investors to sell their shares in a pool before the investment period ends, adding liquidity and flexibility to the platform. Tokenized Withdrawals: When a pool's investment period ends, the vaults release the tokens, which are then converted back into ETH or another base currency. The investors receive their returns proportionate to their CoInvestToken holdings, ensuring that the payout is fair and based on real-time market conditions.
  8. Deployment and Scaling: Contract Deployment: The platform’s smart contracts are deployed across multiple networks, ensuring scalability and wider reach. This multi-network strategy allows for greater participation and diversifies risk by spreading investments across different blockchains. Scalability Considerations: The architecture is designed to scale as the user base grows, with the ability to handle a large number of simultaneous transactions and investments across various pools and networks.
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