You may notice that the current DeFi ecosystem is developed in silo, where every protocol compete to get the highest liquidity or usage by using token incentives. This competition created a misaligned incentives model that leaves a lot of token to go into death spiral, bleed to dry and race to zero fees.
Composability has been discussed endlessly but yet we only see small number of projects that focused on this area. Everyone is trying to become the new primitive and it doesn’t make any sense. We believe there’s a gap for composability within DeFi where we can fill in.
Intra-protocol router that will connect liquidity and demand for leverage instantly. Open long and short position for any token available on any lending & borrowing protocol in the space. Enables better incentive model and boost existing liquidity.
All the features that will be available inside Risedle Leverage Engine:
A simple dashboard to overview the whole chain’s trading activity based on latest token trend and user interest. The new token explorer will deliver assets oriented instead of pool oriented and permissionless listing.
There is a lot of DEX aggregators already, all coming with their own routing mechanisms and promising the best pricing for traders. So instead of building another aggregator, we will create a meta aggregator for the existing aggregator in the space. Traders could select which aggregator they prefer or automate the selection process.
At the end of the day, you will always get the best price for your trade.
Router to connect the Meta-aggregator DEX with any money market in the space. Allowing you to take margin position on any token available on the money market. This router will be market agnostic and will not permanently integrated into specific money market and you can move your position between lending protocol in just one single click.
You will be able to select asset to be leveraged and decide on where they want to get the liquidity for the leveraged position based on the borrow APY, security or maybe bribe. This router could be utilized by new money market to boost their usage in a more simplified manner.
Every time you open any position, the token will be deposited into the lending and borrowing protocol of your choice. For example if you use AAVE to take 2x leverage position on WETH then the protocol will deposit your WETH into AAVE which will earn yield from people borrowing. This extra yield could be useful to reduce borrow rate on leverage position. If more people are shorting, then you will get paid instead.
Reduce risk on your open position through isolated NFT vault that will protect your overall balance from any specific risky position. You can open several vault with different risk assessment.
For example: You leverage long WETH with 40% Collateral Ratio and at the same time open another higher leverage long with 70% Collateral Ratio for more upside and higher risk. Both your positions will be isolated from each other.
All the features mentioned above are not complete and final, we will keep building more cool products to accomplish our goal: building the permissionless DeFi trading platform.
We welcome you to collaborate more on the future development of Risedle. It is definitely not gonna be easy and to be honest we are not 100% sure that all of the things that we mentioned above can be properly build, but we believe that in crypto you need to aim for the moonshot and nothing else. Our plan is to take the high road and create something very cool that everyone can use on daily basis.