Yield

→Problem: The richest people in the world are grasping most the wealth available.

Main economic reports show that “the richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population” (oxfam report, 2023).

These social inequalities of wealth, and economic struggle of most of the world population even in the developed countries has been studied in depth by prominent economists, like Piketty or Saez & Zucman. Their research show that the richest people have a advantage by getting a preferential access to financial markets and products which get them the highest returns.

Leading to less or no financial education for the middle and lower social class.

We want to change this. Indeed, the consequences of this are:

• That 50% of the US population lacks financial literacy according to the World Economic Forum.
• Over 2/5 of Americans are unfamiliar with savings products, and more than 2/3 of Americans familiar with savings don’t use them.
• 1/5 of Americans who save don’t know how much interest they are earning on their savings accounts.
• Only 19% of workers feel like they aren’t paid sufficiently.

People are being kept poor, in a difficult economy, and they can feel the pain of this situation.

The centralized finance institutions are not doing enough to alleviate this problem.

That’s where us, as web3 builders need to come in to make our space be of public utility.

We need to make everyone in our lives, parents siblings & colleagues, be able to have access to fairer and better financial tools!

→Our Solution: That’s why we are building a public infrastructure to make DeFi high returns on investments available to everyone. With Yield, even your grandmother can beat the bank’s yields and get extra-money at the end of the month.

Our protocol is a consumer-oriented, AI-optimized, cross-chain yield aggregator.

However, aggregating lending pools is not sufficient to make everyone able to benefit from DeFi. There is a need for making a huge leap between cryptocurrency-specific apps and wide public decentralized banking.

Hence, we have focused our efforts on AI predictions to give a more transparent prediction of the ROI, and making it easily understandable for users.

As well as working hard on the behind-the-scene functioning (account abstraction, interoperability, etc) in order to make the Web3 experience seamless with the strict minimum features. UX is key in onboarding the next millions of users.

The main deliverable is a swift mobile app - which focuses on giving users the easiest onboarding experience to earning crypto yields.

→Wallet & transaction fees:

• Users are set up with a non-custodial wallet (that is completely abstracted) through web3auth and Account Abstraction. Web3Auth integrated with our Swift mobile app allows for simple sign-in using social accounts, and using 4337 Account Abstraction associated with the web3Auth signer, we generate a deterministic Smart Account for the user. We also set up paymasters, that allow gas sponsorships for transactions from these user Smart Accounts. Users do not have to worry about any crypto balance at all to get started with - they are set up with an account, can use fiat currency to top up their account, and have their transaction fees sponsored.

→Depositing funds:

• The app also integrates with Coinbase On-ramp to allow users to top up their accounts using fiat currencies or TradFi methods - debit/credit card

→Best Yield Finding AI Module:

• To find the optimal yields at a specific point of time - we fetch historical APRs from a set of public (lending and staking) protocols (this list can be expanded to provide better options to users) and use OpenAI’s GPT models to predict the most prospective investment option among the options considering past rates and future prospects. The user is given the best approach (as a default) which they can chose to override and compare and select an option themselves.
• To find the most effective yields across multiple chains - the app looks at staking/lending opportunities from Flow (Flow has their native staking yields program that is also covered on the app), Polygon, Ethereum, Arbitrum, Skale and AirDAO.

→Cross-chain lending routing:

• After comparing protocols across multi-chains, and depending on the most effective route - the app uses Circle’s CCTP to bridge users assets to the respective chain, creates the Tx for the user and submits it to the protocol on-chain.

→User fund management:

• Once submitted on-chain, the User can see their deposit, and yield information on a ‘dashboard’ and can chose to unstake and get back their tokens (+ rewards) - This can be further simplified with auto-ramp off to fiat currencies - so the user doesn’t have to interact with crypto anytime directly.