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Placeholder 4337

Multi-chain derivative strategy platform using account abstraction (ERP4337) to deliver seamless trading

Placeholder 4337

Created At

ETHGlobal Paris

Project Description

The majority of hedge funds and asset managers trade derivatives to execute complex strategies, e.g., either as a hedging instrument or a way to increase the leverage.

We've seen massive popularity of on-chain derivatives, but it's still early days since the process is very clunky with find managers having to use their own wallets or multi-sigs and to confirm every transaction.

We've used account abstraction (ERC-4337) to build a derivative platform that has a vault which fund manager can use to execute derivative strategies on-chain without having to confirm every single transaction, and which their LPs can use to directly invest/withdraw from by minting/burning LP tokens - making the process seamless & transparent.

How it's Made

We've used all the major EVM chains, including Arbitrum, Polygon, Filecoin EVM, Celo, Gnosis Chain.

For account abstraction we developed a customized vault using ERC4337 of Biconomy and Safe SDKs as a base - this way asset managers can do trading on behalf of their LPs.

We've used WalletConnect and Metamask SDKs for seamless user experience.

We've used Chainlink keeper and CCIP for oraclized data feed to cross verify the price before executing the trade, as an additional protection mechanism.

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