Coding Stablecoin Yield Strategy for DeFi 401(k) #3

0xJohnnySilverhand · 2021-06-14T15:43:04Z

Coding Yield strategy for DeFi 401(k)

Prize Bounty

🏆 700 PUNK (~$7,000USD)

Challenge Description

Punk Protocol aims to liberate people from the outdated pension system and empower their financial freedom. Our first product is the world's first decentralized annuity a.k.a "Saver", which is generating periodic cash flows using optimal yield strategies.

Anyone can invest through the Saver to earn automated cash flows periodically by setting custom conditions - i) When do you want to start receiving, ii) How regularly do you want to receive, iii) How many times do you want to receive.

From this Hackathon, you’re invited to code the safest and most profitable Yield Strategy.

Yield Strategy is a smart contract model, which operates to maximize the profits of the user's investments.
The Saver Forge contract will invest the user's investment automatically according to the yield strategy you've submitted.
You must only code the yield strategy for stablecoins.

Submission Requirements

The Tokens used in this strategy must use ERC20 based stablecoins.
Your project must use an open-source license.
Your project must implement the "ModelInterface.sol" and "ModelStorage.sol" for Model.
The functionality of "Model.sol" must unconditionally conform to what is specified in the "ModelInterface.sol" file comments on Github.
The files to be coded should be located under /models.
There are 2 files that need to be inherited in total.
You need to code it by inheriting the file located here "/ModelStorage.sol" and "/interfaces/ModelStorage.sol"
You need to deploy a new mocked/demo version of YOUR-CODED-YIELD-STRATEGY on Kovan network so we can test your strategy.
The new strategy should work with the protocols currently running, and the specific mechanism should be specified.
The protocol you submit must include the development tools (e.g. Compound's dev tool)

Entrants can join our Discord and feel free to ask any questions. (👾︲hackathon)

Reference link

Punk Protocol Github Page (https://github.com/PunkFinance)
Example: Punk Protocol-Compound Model (https://github.com/PunkFinance/punk.protocol/blob/master/contracts/models/CompoundModel.sol)

Judging Criteria

Stability of strategy
Profitability of the strategy
Possibility of implementation with smart contract

Winner Announcement Date

July 21th on Punk protocol's official Discord (👾︲hackathon)

Resources

Website(https://punk.finance/)
Github(https://github.com/PunkFinance)
Docs (https://docs.punk.finance/)
Discord(https://discord.com/invite/punk)

gitcoinbot · 2021-06-14T16:10:05Z

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

This issue now has a funding of 700.0 PUNK (7000.0 USD @ $10.0/PUNK) attached to it.

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