Subfluid

This system enables subscription service providers to continuously receive cryptocurrency payments, while also offering cashback incentives to paying users to encourage ongoing participation. Users pay with USDC through the AA wallet, which is automatically deposited into the Aave lending platform. Each month, GHO stablecoins, generated from these collateralized assets, are sent to service providers as subscription fees. The cashback feature ensures users find value in maintaining their asset collateral, thus keeping the fund pool operational and solvent. This model aims to leverage DeFi's benefits to offer a novel solution for subscription service payments, maintaining the fund pool's stability and attractiveness through cashback and incentives.

After creating an AA account, users need to deposit USDC test tokens into it. Following this, by clicking 'Subscribe', the USDC will automatically be staked, and GHO tokens will be minted and transferred to the creator. This process does not require any repetitive actions; a single button press is sufficient. Below is the testnet on-chain receipt record for the creator: https://sepolia.etherscan.io/address/0x828E57850A43692B627d1804D8BbA38736bF2683#tokentxns

The technical principles of the project are:

1. User Subscription: Users subscribe to services by paying USDT through the AA wallet.
2. Asset Collateralization: The paid USDT is automatically collateralized in the Aave lending protocol.
3. GHO Stablecoins: Service providers receive GHO stablecoins equivalent to the collateralized assets from users as subscription fees each month.
4. Dynamic Interest Rates and Incentives: The system sets dynamic interest rates to ensure users are incentivized and receive cashback from their collateral, encouraging ongoing asset collateralization and maintaining a positive funding cycle.
5. Revenue Stream: The recipients continuously receive GHO, providing them with a stable cryptocurrency income stream.