Say Hello to Gravel: A Decentralized Protocol for Fixed-Rate Yield Aggregator
Kernel Cohort II DeFi
Welcome to Gravel!
For the Gitcoin Kernel Cohort II DeFi Track, I have decided to create a Decentralized Protocol for Fixed-Rate Yield Aggregator.
I got my first exposure to DeFi at the EthDenver 2020 Hackathon .
I worked with Kernel graduate and my long time friend, Julian Traversa, on a project that became Swivel. A year later, I joined Kernel Cohort II, wanting to continue to contribute to the DeFi space.
With the influx of Decentralized Fixed-Rate Lending protocols, like Swivel, Yield, and Notional, I think it’s clear there is a need for a protocol that helps users select the best current Fixed-Rate Yield.
How it works:
Bob has been hearing a lot about the promising returns for fixed-yield lending protocols.
Currently, Bob’s only option is to go to each fixed-rate lending protocol individually in order to determine which protocol will give him the best return for his money.
With Gravel, Bob can input the size of his principal and a rough investment timeline and immediately know which protocol will give him the most optimal yield.
This will not only save Bob time but also ensures that he will optimize his investment strategy.
By participating in Kernel Cohort II, I hope to expose myself to the large ecosystem. And in the process, get in contact with potential investors, or collaborators for the future.
So far, I have had an amazing impression of Kernel. The team is very organized and caters to a very friendly and open environment for participants of all backgrounds to learn and interact with each other.
I have made strides in developing and testing the contracts needed for Gravel V1. The developers of Swivel, Yield, and Notional have been very helpful and responsive. With their help, I haven’t had any major issues and expect to have a working demo to showcase for Kernel.