Parmelia

An intelligent treasury that automates DeFi strategies, powered by real-time oracle data.

Parmelia

Created At

ETHOnline 2025

Winner of

Pyth Network

Pyth - Most Innovative use of Pyth pull oracle (Price Feeds) 3rd place

Project Description

Smart treasury management tool designed to bring clarity and automation to DAOs, investment clubs, and Web3 projects. It solves the core problems of treasury management in DeFi: operational inefficiency, lack of transparency, and passive asset management.

It consists of two key components:

The Smart Vault: A secure, on-chain smart contract where users can deposit PYUSD. The vault is programmed with an autonomous investment strategy. For this MVP, it follows a simple yet powerful rule: "If the real-time price of ETH falls below a preset threshold, automatically use a portion of the PYUSD reserves to buy the dip." This transforms the treasury from a passive holding into an active, market-responsive agent.

The Real-Time Dashboard: A clean, single-page web application that provides a live, transparent view of the treasury's health. It visualizes key metrics like total value, asset allocation (PYUSD vs. ETH), and a complete history of all transactions (deposits, withdrawals, and strategy executions). This makes complex on-chain data accessible and understandable to all stakeholders, not just technical experts.

Parmelia empowers decentralized organizations to manage their funds with the same level of sophistication as a traditional financial entity, but with the transparency and automation that only Web3 can provide. It's about making smart, data-driven treasury management simple, secure, and accessible.

How it's Made

For smart Contract: Built with Solidity and developed using Hardhat 3. It follows security best practices, inheriting from OpenZeppelin contracts.

Frontend: The dashboard is a Vite + React single-page application built with TypeScript and Wagmi/Viem for robust wallet connectivity.

Deployment Network: The project is deployed and demonstrated on the Ethereum Sepolia testnet, providing a stable and realistic environment for showcasing its capabilities.

The true power of Parmelia comes from the seamless integration of three key partner technologies, which are fundamental to the project's functionality:

PYUSD serves as the treasury's primary stablecoin asset. We chose PYUSD to demonstrate a real-world use case for a trusted, regulated stablecoin in a sophisticated DeFi application. It's not just a medium of exchange; it's the programmable base asset for our automated financial strategies.

Parmelia use Pyth's Pull Oracle to fetch high-fidelity, real-time ETH/USD price data directly within our smart contract. This data is the trigger for our automated strategy. The integration is critical: without Pyth's reliable and timely price feeds, the treasury cannot react to market conditions, and the core value proposition of "intelligent automation" would be impossible

I use Envio's HyperIndex to index every event emitted by our smart contract This indexed data is then served through a high-performance GraphQL API. Our frontend queries this API to populate the dashboard's charts and tables.

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