Project Details

1. Problem and Importance:

   • Problem: The problem is the lack of robust solutions that offer batching for a wide range of DeFi protocols across various networks, leading to manual network switching, multiple transaction confirmations, and wallet management challenges.
   • Importance: Simplifying DeFi operations and offering an easy-to-use interface for trading across different protocols and networks is vital. It reduces complexity, optimizes outcomes, and enhances the DeFi user experience.

2. Project's Approach and Uniqueness:

   • Approach: DefiLens leverages the ERC4337 module and a smart batching protocol to provide users with a single interface for trading and batching across a wide range of DeFi protocols and networks.

   • Uniqueness: What sets DefiLens apart is its comprehensive support for various DeFi integrations, including single and cross-chain transactions, and its user-friendly UI. Additionally, it is set to introduce features like Refinance multiple defi positions batch, asset managements batch, cross-chain lending batch. These all batches we can create in single batch and able to execute in single click.

   • DefiLens Architecture

     

3. Current Status and Next Steps:

   • Current Status: DefiLens has successfully developed and launched a V1 product, enabling users to batch and trade across multiple DeFi protocols and networks with an easy-to-use interface.
   • Next Steps: The immediate goals include expanding the project team, enhancing the V1 product with advanced features like cross-chain session key orders(Where you can execute transaction from Chain A for Chain B, Where you are not bridging funds but pay gas fees on ChainA and protocol sponsor the gas fees on ChainB for users asset to invest), DCA(Dollar Cost averaging), portfolio rebalancing, and portfolio tracker for more advanced and profitable batch suggestions. These features will further empower users to manage and optimize their assets efficiently.

4. Target Audience and Benefits:

   • Target Audience: DefiLens caters to all DeFi users, from beginners to experienced traders, looking for a seamless and efficient trading and asset management experience.
   • Benefits: DefiLens bridges the gap between the complexity of DeFi and its potential. It simplifies trading processes, making DeFi accessible to newcomers while providing powerful tools for experienced users to optimize their trading strategies.

5. Progress Evidence and Demo Video:

   • DefiLens - V1(New)

     DefiLens-V1 Demo video

   • MVP for Cross-Chain Lending Demo(Old):

     DefiLens-MVP for cross-chain

   • MVP for Refinance Multiple DeFi Positions Demo(Old):

     DefiLens-MVP for Refinance-position

   • Secure Rank at BuildOnBase (CoinBase):

     • Announcement: https://twitter.com/0xKofi/status/1704149594102178127
     • Secure Rank at BuildOnBase: https://twitter.com/0xKofi/status/1704149603543585050

6. Relevant Links:

   • DefiLens Website: https://defilens.tech/
   • DefiLens App: https://app.defilens.tech/
   • Twitter Profiles:
     • https://twitter.com/DefiLensTech
     • https://twitter.com/RadadiyaSunny

7. Potential Revenue Models:

   • The project is exploring revenue models, including a free model for basic batch execution and a subscription-based model offering additional features like a smart dashboard, Telegram bots for asset tracking, and automation of trading strategies, including cross-chain session key orders, DCA, portfolio rebalancing, and portfolio tracking.

8. Market Size:

   • The DeFi market has experienced significant growth, with a Total Value Locked (TVL) of $48 billion. The recent increase in modular smart accounts and the introduction of advanced features in DefiLens will presents substantial growth potential in the DeFi space.

• Additionally, the DeFi community has long discussed batch transactions without a robust solution in sight. Existing solutions offer limited support for specific protocols and networks due to the complex nature of batch processing, where maintaining the correct execution order of transactions is really crucial to prevent transaction failures. DefiLens addresses these intricate challenges, providing the capability to create various batch recipes, thus enhancing the DeFi user experience.

About the Team

1. Sunny Radadiya(Founder and Web3 Dev): Responsible for Defi Protocol integrations and Full Stack Developer at DefiLens.
2. Paril Beladiya(Frontend Engineer): Responsible for Frontend Dev(NEXT.js) at DefiLens.

Contact

Name: Sunny Radadiya

1. **Email: **
   1. defilens.tech@gmail.com
   2. radadiyasunny970@gmail.com
2. **Twitter: **
   1. https://twitter.com/DefiLensTech
   2. https://twitter.com/RadadiyaSunny
3. Telegram: @rksunny
4. Discord: sunnyrk