Have you heard of Stackly? Developed by Swapr HQ, Stackly is a decentralized app (dapp) designed for dollar-cost averaging (DCA) on the blockchain, previously deployed on Gnosis network. And today, we're excited to announce that Stackly is expanding its reach by launching on Ethereum.
Understanding DCA with Stackly
Dollar-cost averaging is a strategy where investors divide the total amount they want to invest across periodic purchases, regardless of an asset's price. The approach aims to reduce the impact of market volatility, so you don’t have to “predict” prices or drive yourself crazy reading charts. Implementing this strategy on-chain with Stackly brings transparency and security to the process.
How Does Stackly Work?
The following image provides a simplified visual representation of Stackly's process:
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Users stacking: A user sends an order, termed as creating a "Stack."
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Order Processing: This order then interacts with the order factory which, based on the Stack data, creates a Smart Contract for the Stack with the funds.
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Event Emission & Monitoring: Post creation, the smart contract generates an event containing the order contract address. This event is closely monitored by the Order Discovery Bot.
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CowSwap’s power: The Order Discovery Bot then interacts with CowSwap's API to obtain the info for the final swap.
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Order Completion: Finally, CowSwap's solvers generate a DCA order using the swap data.
A key feature to note is the vault order. This is entirely user controlled, meaning the user can cancel it at any given point, ensuring user autonomy.
Decentralization, Privacy, and the Ethereum Advantage
The financial space is evolving, and in this new digital era, decentralization and privacy are most important. At Stackly, we prioritize these values, like you can see in our use of ENS domains (stackly.eth.limo) to protect user data.
Choosing to deploy on Ethereum is not arbitrary. Ethereum, with its robust network, worldwide adoption and with the most liquidity of tokens, aligns with our vision of a decentralized and secure environment for users.
Try Stackly Today
We invite you to experience the new DCA with Stackly on Ethereum. Explore, experiment, and engage with the future of decentralized investments at Stackly.app.
And please, share your feedback! We want you to tell us how you feel using it, what can be better and what’s a NO for sure.
Let’s build this together anon.
About Stackly
Stackly offers a non-custodial DCA tool utilizing the CoW protocol for regular swaps. Users can select from various stack frequencies providing an approach that reduces short-term volatility and lets you not to worry about timing the market. This makes Stackly a valuable tool for degens, and crypto natives aiming for risk mitigation and wealth accumulation.