Name of the project: YieldFlow
While the Conflux ecosystem has established decentralized exchanges (DEXs) like Swappi and Moonswap that offer yield farming opportunities, and lending protocols such as Goledo Finance, there remain critical challenges that limit broader DeFi adoption and capital efficiency:
Suboptimal Yield Management: Users often need to manually manage their liquidity positions across different DEXs and lending platforms on Conflux to maximize returns, leading to increased gas fees and time investment. Holding single assets can result in value depreciation without generating any earnings.
Impermanent Loss Risk: Traditional paired-asset yield farming on existing DEXs exposes users to significant impermanent loss, which can deter participation, especially for less experienced users.
Scattered Strategies: Current yield farming on Conflux typically involves engaging with distinct platforms for different strategies. There isn’t a unified platform that allows users to stake both single and paired assets and automatically restake earnings across various Conflux DeFi protocols.
Proposed Solution: YieldFlow aims to provide a comprehensive, multi-asset yield farming platform for Conflux, offering secure and profitable options while minimizing risks associated with traditional paired asset yield farming. YieldFlow will simplify the process of earning yield by enabling users to stake single or LP tokens and automatically re-invest rewards across integrated Conflux DeFi protocols (DEXs, lending platforms). This will optimize returns, mitigate complexities, and significantly reduce the risk of impermanent loss and value depreciation.
Alignment of the project with the Conflux Network: YieldFlow is strategically aligned with Conflux Network’s vision to grow its DeFi ecosystem by:
- Leveraging Conflux’s Performance: It will fully utilize Conflux eSpace’s high throughput and low transaction fees to enable frequent auto-compounding and dynamic strategy adjustments, making yield farming more cost-effective and efficient for users.
- Driving DeFi Adoption: By simplifying yield farming and reducing associated risks, YieldFlow will attract new users to Conflux DeFi, especially those intimidated by traditional complexities. Our integration with Conflux simplifies the process and enhances the user experience, driving DeFi adoption and engagement on the platform.
- Ecosystem Integration: YieldFlow is designed to integrate seamlessly with existing and future Conflux DeFi protocols, acting as an aggregator that enhances the utility and liquidity of the entire ecosystem.
Benefit to the Conflux Ecosystem:
- Increase in Active User Base: By offering secure and profitable multi-asset yield farming options , YieldFlow aims to attract and retain a larger number of active users on Conflux.
- Increase in Transactional Volume: YieldFlow’s optimized liquidity supply strategies encourage higher transactional volumes on associated platforms across Conflux. By minimising the risks and complexities of traditional yield farming, we incentivize more users to participate, resulting in increased transaction activity across the ecosystem.
- Combined Increase in TVL: As YieldFlow users supply liquidity to various Conflux protocols, the total value locked (TVL) across these platforms rises. This collective increase in TVL enhances the overall ecosystem’s value , showcasing the effectiveness and stability of our yield farming solutions and attracting further participation.
- Entice More Developers: YieldFlow’s modular approach to integrating with different DeFi applications will demonstrate a powerful framework for capital efficiency. This encourages developers to build new protocols on Conflux.
Economic benefit: YieldFlow will significantly increase assets and transactions on-chain by:
Boosting TVL: Attracting crypto investors and DeFi enthusiasts to deposit funds into diverse yield strategies, directly increasing the TVL of associated Conflux DeFi protocols and the overall ecosystem’s TVL.
- Increasing Transaction Volume: Auto-compounding and re-investment strategies will generate frequent on-chain transactions, contributing to network fees. Our optimised liquidity supply strategies encourage higher transactional volumes on associated platforms.
- New Asset Flows: Incentivizing the bridging of assets from other chains to Conflux to participate in YieldFlow’s optimized strategies, thus growing the overall capital within the Conflux ecosystem.
- Demonstrate a competitive edge that differentiates it from other projects: While Conflux has DEXs offering yield farming (e.g., Swappi, Moonswap), YieldFlow differentiates itself by:
- Advanced Impermanent Loss Mitigation: YieldFlow offers unique earning options for Conflux users, reducing the risk of impermanent loss and value depreciation through sophisticated strategies (e.g., single-asset staking with synthetic pairs, optimized liquidity provisioning).
- Unified Strategy Management: Users can manage diverse yield strategies (single or LP tokens) from a single platform, eliminating the need to navigate between different dApps to optimize earnings.
- Optimized Returns: By combining yields from various sources (liquidity provision, lending interest) , YieldFlow aims for optimal returns with minimal risk compared to single-source yield farms.
Conflux eSpace grant recipient wallet address: cfx:aam0uvs68x0a7ypvpz6wm7usr5p2v1227abmcjuw0a
Technical Introduction
The problem in the current Conflux DeFi landscape is the manual overhead and risk associated with maximizing yield. Users holding single assets earn nothing, and paired assets are vulnerable to impermanent loss. Existing platforms do not provide a unified, automated solution for optimizing returns across diverse DeFi protocols.
Existing yield farming on Conflux is primarily found on DEXs like Swappi and Moonswap for LP staking, and interest earning on lending platforms like Goledo Finance. However, these are typically siloed.
- Feasibility: YieldFlow’s development is highly feasible. Conflux eSpace’s EVM compatibility allows us to leverage battle-tested smart contract patterns. The core innovation lies in the orchestration layer that aggregates yield from various Conflux protocols, which is a known pattern in DeFi (e.g., Yearn Finance, Beefy Finance on other chains). Our team’s prior experience in DeFi development and integration with various dApps confirms our capability to execute this complex integration.
Purpose of the system: YieldFlow’s purpose is to simplify and optimize yield generation for users on the Conflux Network. It aims to provide seamless, high-yield farming opportunities by allowing users to earn rewards by supplying liquidity to various protocols, optimising their returns while mitigating the complexities and risks typically associated with yield farming.
Scope of the system: The initial scope of YieldFlow will include:
Multi-asset staking per pool , including single-token staking (e.g., XFI, MPX) and dual-token LP staking.
- User-friendly interface for depositing, withdrawing, and re-investing assets.
- ROI calculator for projected earnings.
- Admin functions for strategy creation, fee specification, and pool monitoring.
- Automated reward harvesting and re-investment into optimal strategies, including depositing WETH rewards into a lending/borrowing platform and adding liquidity of earned interest.
Objectives and success criteria of the project:
- Integrate YieldFlow with Conflux: Secure funding for the integration of YieldFlow’s yield staking platform with Conflux. (Success: Smart contracts deployed, platform live on Conflux Mainnet).
- Enhance User Experience & Returns: Provide users with seamless, high-yield farming opportunities , earning optimal returns with minimal risk. (Success: Intuitive UI/UX, measurable higher APYs compared to manual strategies, reduced impermanent loss through specific strategies).
- Increase TVL: Significantly increase the Total Value Locked (TVL) on YieldFlow and associated Conflux DeFi protocols.
- Ensure Security: Maintain secure and trustworthy smart contracts. (Success: Completion of comprehensive security audits, no critical vulnerabilities found post-deployment).
Technical Proposal
1. Functional Overview of YieldFlow
YieldFlow will serve as a centralized hub for multi-asset yield farming strategies on Conflux. Its core functionality revolves around intelligent routing of user-deposited assets through various Conflux DeFi protocols to maximize yield while minimizing impermanent loss.
Core Aspects and Elements:
*** Deposit Mechanisms:**
- Single Deposit: Users can deposit a single token (e.g., XFI, MPX). The platform will internally manage conversion and liquidity provision if the strategy requires it, potentially minimizing impermanent loss.
- Dual Deposit: Users deposit two tokens for direct LP creation on a DEX, with the acquired LP tokens then deposited into a strategy vault.
- Automated Strategy Execution: The platform will automate the following MVP strategy steps:
- User deposits their single or dual asset.
- YieldFlow deposits these assets to integrated Conflux applications (e.g., Swappi, another DEX, or a custom yield farm).
- Rewards are earned (e.g., in WETH or other reward tokens).
- Liquidity of the earned interest is added back, and the cycle repeats (auto-compounding).
- Withdrawal Functionality: Users can withdraw their deposited principal and accumulated rewards.
- Reinvest Functionality: Users can choose to withdraw and immediately re-invest principal and rewards back into the strategy.
- ROI Calculator: An interactive tool allowing users to input investment details and project potential rewards.
- Admin Panel: Provides tools to specify fee rates (performance, deposit, withdrawal) , create new strategy vaults using connected applications , and monitor pool activity (total staked amounts, TVL).
- Monitoring & Analytics: Displays TVL and compounded rewards, allows users to see all yield strategies and their invested strategies, along with detailed APR and APY information.
2. Legal/Licensing Aspects (if any) YieldFlow’s smart contracts will be open-source and released under a permissive license (e.g., MIT License), promoting transparency, community review, and fostering adoption. We will adhere to industry best practices for smart contract development and security.
3. Non-Functional Overview
Usability:
- User-Friendly UI/UX: Designed for ease of use and accessibility , with an intuitive design for easy navigation and management of farming activities.
- Simplified Onboarding: Seamless wallet integration for user convenience.
Clear Information: Transparent display of TVL, rewards compounded, APR, APY details, and invested strategies. - Mobile Responsiveness: The platform will be fully responsive for a seamless experience on all devices.
Reliability:
- Secure Smart Contracts: Built with secure smart contracts that undergo thorough development, testing, and optimization to ensure security, efficiency, and reliability.
- Minimizing Risks: Design aims to minimize risks associated with traditional yield farming and impermanent loss.
- Robust Oracles: Integration with reliable price oracles for accurate asset valuation, critical for strategy execution and risk management.
Performance:
- High Performance: Optimized for high transaction throughput and low latency, leveraging Conflux’s native capabilities.
- Efficient Auto-Compounding: Strategies will be designed to execute re-investments efficiently to maximize compounding frequency while minimizing gas costs.
- Responsive Data Loading: Fast loading of TVL, reward data, and user portfolio details.
Implementation:
- Modular Architecture: Smart contracts will be modular to allow for easy integration with new Conflux DeFi applications and future strategy additions.
- Backend Support: A robust backend infrastructure for off-chain data processing and API integration for smooth UI functionality.
- User Interface:
- Modern web framework (e.g., React) for the frontend.
- Dashboard view displaying overall TVL, user’s invested strategies, and compounded rewards.
- Dedicated “Farming Page” to browse available strategies with APR/APY details.
- “My Strategies” section to monitor deposited amounts and generated returns.
Total Budget
Grant Size: $55,000 USDT
- Justification: This grant request is crucial for the development, security auditing, and initial launch of YieldFlow, positioning it as a leading multi-asset yield farming platform on Conflux with advanced capabilities. The breakdown is as follows:
- Initial Setup & UI/UX Design (Approx. $16,500 USDT): This covers the project kickoff, detailed requirement finalization, and the comprehensive design of the user interface and user experience, ensuring an intuitive and engaging platform for Conflux users. (30% of total)
- Smart Contract Development (Approx. $13,750 USDT): Dedicated to the core smart contract development, including integration contracts for various Conflux DeFi applications (DEXs, lending platforms), the robust vault implementation contracts, and proxy contracts for upgradeability, ensuring the backbone of YieldFlow is secure and flexible. (25% of total)
- User & Admin Panel Development (Approx. $13,750 USDT): Allocated for the end-to-end development and integration of both the user-facing application and the administrative panel, ensuring smooth interaction with the underlying smart contracts and comprehensive platform management. (25% of total)
- Testing, Optimization & Deployment (Approx. $11,000 USDT): This crucial phase covers extensive testing (unit, integration, user acceptance), security audits (allocated within the development phases for ongoing review and final audit preparation), performance optimization, and the final production deployment of YieldFlow on the Conflux Mainnet, along with initial marketing launch preparations. (20% of total)
Development Roadmap
Timeline and milestones: Our development of YieldFlow on the Conflux Network is planned over approximately 3-4 months, structured into the following key milestones:
Milestone 0: Kick Off & UI/UX Design (Approx. 10 days)
Deliverable: Detailed technical design document (YieldFlow Whitepaper v1), comprehensive UI/UX wireframes and mockups, project environment setup.
Requested Funding: $16,500 USDT (This covers both the initial kickoff and UI/UX design components for a combined initial phase).
Milestone 1: Smart Contract Development (2-3 weeks)
Deliverable: Deployed and tested core smart contracts for YieldFlow on Conflux Testnet, including integration contracts with Conflux DeFi applications (DEXs, lending platforms), vault implementation contracts, and proxy contracts for upgradeability. Initial unit and integration tests completed.
Requested Funding: $13,750 USDT
Milestone 2: User & Admin Panel Development (1 month)
Deliverable: Fully developed frontend dApp connected to testnet contracts for user interactions (deposits, withdrawals, viewing strategies), and a functional admin panel for strategy management. Initial deployment on Conflux testnet.
Requested Funding: $13,750 USDT
Milestone 3: Testing & Optimization (2-3 weeks)
Deliverable: Comprehensive testing (unit, integration, UAT) completed. Performance optimization of smart contracts and frontend. All identified bugs addressed. Final preparations for mainnet deployment.
Requested Funding: $8,250 USDT
Milestone 4: UAT/Production Deployment (1-2 weeks)
Deliverable: Successful completion of User Acceptance Testing (UAT). Full mainnet deployment of the YieldFlow platform on Conflux. Launch of initial marketing campaigns and user onboarding initiatives.
Requested Funding: $2,750 USDT
Team
- Nishant Mitra - Tech Lead
A blockchain expert and IIT Kharagpur alumnus, Nishant architects cutting-edge decentralized solutions and ensures robust technical execution. - Prashant Hooda – Product Manager
Prashant drives product innovation, ensuring user-centric solutions that align with evolving market needs and technological advancements.
Ankit Bhatia- Developer
Ankit is expertise in Solidity, smart contract security, advanced DeFi protocols and dApp development on EVM-compatible chains.