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Project: ETF Crypto 401K

ORA contracts

ETH sepolia

sentiment: 0x7BB1Ec8e06613D0F2343b884abe9ba41303bAE94 wallet_summary: 0xb1fD15bC6a6F72F179ECB982914888E05Dd0c040 chat: 0x11d01fa0f5dDf1bd7A75583Bf5CcdA6D8c548efE

OP sepolia

sentiment: / wallet_summary: 0x92410D28EAdD7fFe0e6cA8CD39d81f3022eC9141 chat: 0x1284786a8b79D1D2cd4ca7Cd4DfD8a441B8CE820

Goal

The ETF Crypto 401K project aims to create a decentralized and secure solution to the current issues surrounding traditional social security systems. The goal is to empower younger generations to build custom ETFs (Exchange-Traded Funds) composed of their favorite, secure cryptocurrencies, which can serve as a more reliable alternative to social security. The project integrates blockchain technologies, decentralized finance (DeFi) tools, and innovative wallet and identity solutions to ensure transparency, security, and control over assets.

Overview of Components

1. Worldcoin ID

  • Role: Provides decentralized and privacy-preserving identity verification for users participating in the ETF platform.
  • Connection: It is connected to ETF Spot, which handles the creation and management of custom crypto ETFs.

2. Optimism Wallet

  • Role: Acts as the primary wallet for storing and managing the users' assets.
  • Connection: Interacts with Uniswap for decentralized trading and liquidity management, as well as the ETF Spot for ETF creation.

3. Uniswap

  • Role: Decentralized exchange (DEX) that allows for liquidity provision and token swaps necessary for ETF creation and rebalancing.
  • Connection: Works in tandem with the Optimism Wallet for on-chain trading.

4. ETF Spot

  • Role: The core platform where users create and manage their custom cryptocurrency ETFs. It connects to various data providers and pricing oracles to ensure accurate asset management.
  • Connections:
    • Receives user identity data from Worldcoin ID.
    • Gets pricing information from Redstone Prices.
    • Leverages DBForest Data for additional data related to blockchain assets.
    • Interacts with Optimism Wallet for executing transactions.
    • Uses ORA Wallet NLP to facilitate natural language processing for user interaction.

5. ORA Wallet NLP

  • Role: Facilitates interactions with the system using natural language processing. Users can communicate their preferences for ETF creation through conversational inputs.
  • Connection: Directly linked to Optimism Wallet for processing commands related to assets.

6. DBForest Data

  • Role: Provides blockchain data required for evaluating and managing the cryptocurrencies in the ETF.
  • Connection: It feeds information into the ETF Spot for better decision-making and security.

7. Redstone Prices

  • Role: Pricing oracle that ensures up-to-date and accurate crypto price feeds.
  • Connection: Provides real-time price data to the ETF Spot for ETF valuation and management.

How it Works

1. User Onboarding

Users authenticate themselves using Worldcoin ID, which ensures privacy and decentralized identity management.

2. Wallet Setup

Users create or connect their Optimism Wallet to store cryptocurrencies and interact with the ETF platform. Through ORA Wallet NLP, users can give commands to create and manage their ETFs using natural language.

3. ETF Creation

Users select their favorite and secure cryptocurrencies, which are available for trading via Uniswap. The ETF Spot platform facilitates the creation of custom ETFs by sourcing data from Redstone Prices for real-time asset pricing and DBForest Data for blockchain data.

4. Portfolio Management

The custom ETF is continuously managed by interacting with Uniswap for buying/selling assets, ensuring liquidity and optimal performance. The system uses inputs from ORA Wallet NLP to allow users to easily rebalance or modify their portfolios through simple language commands.

Benefits

  • Decentralization: Trustless system without reliance on centralized authorities.
  • Security: The use of established blockchain and wallet protocols ensures that user funds and data are secure.
  • User-Friendly: With ORA Wallet NLP, users can interact with the platform in an intuitive manner using natural language, without needing technical expertise.
  • Customizability: Each user can create a personalized ETF that meets their preferences for risk tolerance and favorite assets.
  • Liquidity: Integration with Uniswap provides access to a wide array of tokens and liquidity options.

Future Scope

  • Expansion of available assets through further partnerships with other decentralized exchanges and pricing oracles.
  • Adding more advanced risk management and automated rebalancing features.
  • Possible integration of traditional asset classes like tokenized stocks or bonds.

How to Use Repo

World ID Next.js Template

This project uses the World ID SDK for decentralized identity verification. Below is a guide on how to set up and run the project.

Getting Started

First, set the correct Node.js version using nvm and run the development server:

nvm use 20
pnpm i && pnpm dev