YaspFi

Inspiration

YaspFi was inspired by the challenges many face with traditional finance and centralized crypto platforms, such as limited access to financial services for the unbanked and underbanked, high hidden fees, and security and transparency concerns. YaspFi tackles these issues by offering a user-friendly decentralized smart-wallet for storing, investing, and exchanging funds across multiple networks. With blockchain technology, YaspFi aims to make decentralized finance more transparent, secure, and accessible.

Recent events involving centralized crypto platforms like Celsius Network and FTX have highlighted risks due to asset mismanagement. This underscores the importance of decentralized solutions like YaspFi that prioritize transparency, security, and accessibility for users worldwide.

What it does

YaspFi is a next-generation, non-custodial wallet focused on decentralized finance (DeFi). It allows users to store, invest, and exchange funds across multiple networks securely. Yasp.Fi offers comprehensive analytics and risk assessment scores to support data-based investment decisions, striving to make decentralized finance more user-friendly, transparent, and accessible.

How we built it

YaspFi was developed by creating multiple ERC-4626 Tokenized Vaults for DeFi protocols, including Yearn, Aave, Uniswap, Stargate Finance, Curve, and others, while building the ERC-4337-based smart-wallet's smart-contract infrastructure. YaspFi's primary feature is the painless investment in DeFi projects using modular ERC-4626 Tokenized Vaults based on a single underlying EIP-20 token. The wallet also includes a meta DEX aggregator for easy access to multiple decentralized exchanges.

Challenges we ran into

The YaspFi development team faced challenges such as deciding whether to support EVM and non-EVM blockchains and needing a Keeper network for investment automation, leading to a custom solution.

Accomplishments that we're proud of

YaspFi's achievements include painless investments in popular DeFi protocols on the Ethereum network, integrating with Meta DEX exchanges like Paraswap and 1inch, fetching price quotes from Pyth, TheGraph, and internal Aave oracles, and providing reliable investment information by collecting statistics on assets, providers, and networks.

What we learned

Being both blockchain-agnostic and self-custodial is challenging, requiring a deep understanding of various blockchain architectures. Additionally, the DeFi and crypto space has many UX and education-related issues, making the explanation of technical details to unfamiliar users difficult.

What's next for Yasp.Fi

YaspFi plans to release the wallet for a seamless DeFi ecosystem experience. Future plans include integrating top-tier bridges and layer-zero solutions, building ERC4626 Vaults for DeFi protocols, introducing tokenized Vaults with multiple underlying assets, expanding support for non-EVM blockchains and Bitcoin, implementing account abstraction, and exploring collaborations and integrations within the Ethereum ecosystem. These initiatives aim to make YaspFi a leader in the DeFi space, offering accessible, transparent, and user-friendly decentralized finance for a global audience.

Discord for contact: danilsergeev#4751