Amca
A web app that helps users shield money from currency devaluation. It simplifies crypto investment via web2 login and smart contracts, offering options like dollar-cost averaging with 5% interest via sDAI and token accumulation for advanced traders.
Amca
Created At
Winner of
API3 - API3 Runners up
Mask Network - Best Use of Next.ID Most Refined Project
Project Description
Turkey has a problem, its currency has devalued by over 90% since its inception of the Lira in 2006.
People are buying gold, euros, dollar and crypto currencies to protect themselves against the devaluation of the Lira.
Crypto today still has a lot of problems, especially for new people entering this space.
It is complicated, dangerous and easy to get burned.
We built a web-app that helps people protect their money from devaluation.
Someone new to crypto can easily create an account using web2 login. Which creates a smart contract account for the user.
The user can use a CEX to onboard or buy directly using onramp unlimit.
Once the user deposits from a CEX or purchases via unlimit.
The user can start dollar cost averaging where they will earn 5% interest on their holdings thanks to sDAI.
The other option is to start accumulating tokens based on a certain price, for the more advanced web2 trader.
How it's Made
This project uses @Safe Authentication Auth Kit to implement Login via social account as well as wallets.
Implemented Dollar Cost Averaging order execution mechanism using UniSwapV3 router and used API3 dAPI for price check and price protected swap.
Subgraph is used to log events for order filtering inside the backend infrastructure to execute and update orders.
