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Lazy Peggy

Passive position management plugin for pegged assets on Zircuit

Lazy Peggy

Created At

ETHGlobal Brussels

Winner of

Zircuit - Best DeFi Project on Zircuit

WalletConnect - Best projects building with WalletConnect's AppKit 1st place

Project Description

Lazy Peggy: Passive Position Management Plugin for Pegged Assets on Zircuit L2

Lazy Peggy is designed for lazy capitals—whales or users staking for points—to maintain an active UniV3 position with their pegged assets (e.g., Wrapped Ether.Fi ETH, Renzo ETH) effortlessly.

Why Zircuit L2?

Zircuit, a Layer 2 solution with over $2 billion in Total Value Locked (TVL), boasts more than 90% of its TVL in ETH-pegged assets. To maximize the potential of this substantial TVL while ensuring ease and safety, Lazy Peggy was developed.

Key Features of Lazy Peggy

  1. Automatic Rebalancing

    • Lazy Peggy adjusts your position automatically. No need to withdraw, calculate, swap, and deposit manually. Your position remains optimal and functional at all times.
  2. Simple UX: One Click and Forget

    • With just one click on the recommendation button, create the best passive position. No further adjustments are needed.
  3. Best Liquidity Efficiency for Zircuit Ecosystem

    • Passive liquidity ensures the ecosystem benefits from optimal liquidity across all price ranges.

Lazy Peggy makes managing pegged assets on Zircuit L2 effortless, secure, and highly efficient.

How it's Made

Technologies Used

Blockchain: Zircuit L2

  • Zircuit L2 is a Layer 2 solution with AI-enabled security at the sequencer level and a large Total Value Locked (TVL). It provides an ideal environment for Lazy Peggy to operate efficiently and securely.

Wallet & Notification: Wallet Connect Appkit

  • Wallet Connect Appkit offers an excellent solution for notifying users when their positions are adjusted. This feature is crucial for maintaining high security and providing an optimal user experience, ensuring users are informed whenever their assets are moved.
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