<aside> 💡 Simplify Defi trading experience.
</aside>
DefiLens simplifies Defi trading through its Batching protocol. Many Layer 2s and roll-up networks are emerging, causing Defi protocols to shift onto these networks. This shift impacts variable APYs and returns, leading to fragmented Total Value Locked (TVL). Consequently, the Defi experience has suffered.
In the current scenario, when users identify optimal opportunities across different networks or Defi protocols, they must manually withdraw, bridge, or deposit funds. This manual process involves multiple fee payments and undermines the user experience. This is where DefiLens steps in. It addresses this issue by transforming how users interact with Defi.
DefiLens has developed a Smart Batching Protocol that efficiently arranges and executes transactions in a single click or sign, using ERC-4337 for execution modal. Whether it's within a single chain or across multiple chains, the platform eliminates the need for manual transactions or bridging. This innovative approach represents the core of the Smart Batching Protocol.
In our technical architecture, Batching Protocols is the Heart/Center point of the platform. DefiLens building strategies on top of Smart batching protocol. Strategies like Cross-chain lending/trading, Refinance Defi positions on single or cross-chain, cross-chain asset managements etc. The Smart Batching Protocol operates by taking inputs from these strategies and providing execution data, which can be easily executed through the ERC4337 execution model with a single click.
We have currently developed two strategies on top of the Smart Batching algorithm, with a ready MVP,
Cross-Chain Lending(Strategy): With just a single click, users can easily lend assets from one chain to another, bypassing complex steps like approvals, bridging, and execution.
CC-Lending MVP: https://twitter.com/RadadiyaSunny/status/1698904621522252012
Refinance Defi Positions(Strategy): One can change or refinance their multiple defi positions into single click from one protocol to another protocol.
Refinance MVP: https://twitter.com/RadadiyaSunny/status/1698904625552998575
We are currently in the process of developing a wide range of strategies on top of the Smart batching protocol. We think the most effective approach is to transform this into a public good and any one can build a various strategy on top of batching protocol, and the decentralised.co is an excellent way to collaborate with the community.
So, DefiLens is simplifying the trading experience and focusing how one can interact with chains efficiently. So we can increase trading volume and users in Defi.
In conclusion, DefiLens seeks to bridge the gap between users and DeFi products, with the objective of attracting more Total Value Locked (TVL) and users to the DeFi space. The current lack of trading volume limits the development of innovative DeFi products, as these advancements rely on a substantial crypto volume to progress.