Building Yield Strategy for DeFi 401(k)

[0xJohnnySilverhand]

Building Yield strategy for DeFi 401(k)

Prize Bounty

🏆 300 PUNK (~$3,000USD)

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Punk Protocol aims to liberate people from the outdated pension system and empower their financial freedom.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.

The following advantages exist compared to investing directly.

• Optimal Strategies for High-Yield
• Continuous Compounding Effect
• Saving Gas Costs with Economies of scale
• Automated Investing
• Zero Fee

From this Hackathon, you’re invited to build 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.
• For example, Punk Protocol's first yield strategy is utilizing Compound model, exchanging COMP to deposited token and reinvesting it in the Compound protocol consistently for compounding effect and maximizing profits.
• The Saver Forge contract will invest the user's investment automatically according to the yield strategy you've submitted.

Submission Requirements

• 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)
• The rate of return that has been simulated for a specific amount and time must be presented.
• This must include detailed description of yield strategy and simple infographics.

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]

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

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This issue now has a funding of 300.0 PUNK (3000.0 USD @ $10.0/PUNK) attached to it.

• If you would like to work on this issue you can 'start work' on the Gitcoin Issue Details page.
  • Want to chip in? Add your own contribution here.
  • Questions? Checkout Gitcoin Help or the Gitcoin's Discord
  • $1,924,137.97 more funded OSS Work available on the Gitcoin Issue Explorer

[gitcoinbot]

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

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Work has been started.

These users each claimed they can complete the work by 6 hours from now. Please review their action plans below:

1) developer-piyush has started work.

MOST PROFITABLE YIELD STRATEGY 2) dicketh has started work.

i will give u world's most profitable and stable investment strategy ASAP 3) rajatbeladiya has started work.

will work around it 4) nanonsen has started work.

Yield strategy for Punk with Barnbridge

Learn more on the Gitcoin Issue Details page.

[gitcoinbot]

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

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Work for 300.0 PUNK (3000.0 USD @ $10.0/PUNK) has been submitted by:

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• Learn more on the Gitcoin Issue Details page
• Want to chip in? Add your own contribution here.
• Questions? Checkout Gitcoin Help or the Gitcoin's Discord
• $2,097,149.72 more funded OSS Work available on the Gitcoin Issue Explorer

[gitcoinbot]

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

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Work for 300.0 PUNK (3000.00 USD @ $10.0/PUNK) has been submitted by:

1. @developer-piyush

@0xjohnnysilverhand please take a look at the submitted work:

• PR by @developer-piyush

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• Learn more on the Gitcoin Issue Details page
• Want to chip in? Add your own contribution here.
• Questions? Checkout Gitcoin Help or the Gitcoin's Discord
• $1,992,650.09 more funded OSS Work available on the Gitcoin Issue Explorer