CrossChain Harvest

A groundbreaking DeFi app that optimizes yields across multiple blockchain networks.

Comment

CrossChain Harvest

"Elevate Your DeFi Yields Across Chains with CrossChain Harvest 🚀"

🌐 Problem

The current DeFi market, valued at $47 billion, is dominated by protocols like Beefy and Harvest Finance. However, these yield aggregators are limited to optimizing yields within the single blockchain network, missing out on potential opportunities across different EVM chains. Manual fund movements between networks,using bridges, are risky, time-consuming, and costly, hindering users from accessing the best yields available.

💡 Solution

Enter CrossChain Harvest, a revolutionary web3 protocol designed to overcome the limitations of existing yield aggregators. By automatically seeking the best yields across diverse DeFi protocols on various EVM chains, CrossChain Harvest eliminates the need for users to manually monitor and move their funds between networks for better yields. Leveraging Chainlink CCIP for secure token bridging, our protocol ensures a seamless and risk-free experience for users.

🚀 Key Features

  • Cross-Chain Yield Optimization: Monitor and optimize yields across different EVM chains, including Ethereum, Avalanche, and more.
  • Automated Fund Movement: Swiftly detect higher yields and autonomously move funds from low-yield chains to those with superior returns.
  • Secure Token Bridging: Utilize Chainlink CCIP for secure and risk-free token bridging across different chains.
  • Time and Cost Efficiency: Eliminate the need for manual interventions, saving users both time and money in the yield optimization process.

🌈 Why CrossChain Harvest?

CrossChain Harvest stands out as the go-to solution in the DeFi landscape, offering a secure, efficient, and intelligent approach to yield optimization. With the ability to seamlessly move funds across chains, users can unlock the full potential of DeFi yields without the complexities and risks associated with manual interventions. Elevate your DeFi experience with CrossChain Harvest, where the future of yield optimization is truly cross-chain.

How we built it

We built it using the following Chainlink products:

  • Chainlink Automation: To check frequently for better yields across various DeFi money markets on different chains.
  • Chainlink Functions: To call off-chain API to get the latest APRs of the markets.
  • Chainlink CCIP: To perform cross-chain bridging of tokens if better yields are found.

For demo purposes and due to the technical limitations of CCIP, we have built our own Mock Server API for CCIP-BnM and LnM tokens to get the latest APRs of the market. We have also used mock Beefy Finance vaults because they don't support CCIP-BnM and LnM tokens.

Challenges we ran into

CrossChain Harvest has a lot of moving parts using different Chainlink products. Integrating all these parts to work together is one of the main challenges we ran into.

Accomplishments that we're proud of

We are happy to see the outcome as we have expected.

What we learned

We learned a lot about the working and functioning of different Chainlink products and the opportunities they open up for the Web3 space.

What's next for CrossChain Harvest

In the next few iterations, we are planning to improve our UI/UX, as well as launch a Progressive Web App (PWA) for mobile users, and go live on the mainnet. 🚀

Right now, CrossChain Harvest utilizes Mock Beefy Finance vaults under the hood for staking and re-staking because it's the only yield aggregator present across 23 EVM chains. Later on, we have planned to support more yield aggregator protocols in CrossChain Harvest as it will give users more opportunities to get greater yields.

Built With

Share this project:

Updates