diff --git a/dapp_guide/connecting_your_wallet_to_Leech_Protocol.md b/dapp_guide/connecting_your_wallet_to_Leech_Protocol.md deleted file mode 100644 index 86ca209..0000000 --- a/dapp_guide/connecting_your_wallet_to_Leech_Protocol.md +++ /dev/null @@ -1,24 +0,0 @@ ---- -label: Connecting your wallet to Leech Protocol -order: 98 ---- - -Leech Protocol allows to connect Metamask wallet in one click. -1. Click on the "Connect Wallet" button -The button can be found at the top of the page: - -[![](~/static/intro01.png)](~/static/intro01.png) - -2. Select your wallet from the options: - -[![](~/static/intro02.png)](~/static/intro02.png) - -3. Carefully read and submit the Disclaimer: - -[![](~/static/intro03.png)](~/static/intro03.png) - -4. Approve and sign the connection: - -[![](~/static/intro04.png)](~/static/intro04.png) - -Done! You are now ready to explore Leech Protocol vaults. diff --git a/dapp_guide/how_to_connect_wallet.md b/dapp_guide/how_to_connect_wallet.md deleted file mode 100644 index 1aa8013..0000000 --- a/dapp_guide/how_to_connect_wallet.md +++ /dev/null @@ -1,11 +0,0 @@ ---- -label: How to connect wallet -order: 99 ---- - -MetaMask is a very popular browser-based wallet plugin. It supports Ethereum by default, and every other Ethereum compatible blockchain, such as BNB Chain, Avalanche, and Optimism, can be added manually. MetaMask is also compatible with hardware wallets like Ledger and Trezor. -In the latest version, we have added the ability to connect to the platform using WalletConnect. - -- [Download MetaMask](https://metamask.io/download.html){target ="_blank"} -- [MetaMask Frequently Asked Questions](https://metamask.io/faqs/){target ="_blank"} -- [MetaMask Setup Guide by Binance](https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain){target ="_blank"} \ No newline at end of file diff --git a/dapp_guide/how_to_deposit_withrawal.md b/dapp_guide/how_to_deposit_withrawal.md deleted file mode 100644 index 161188b..0000000 --- a/dapp_guide/how_to_deposit_withrawal.md +++ /dev/null @@ -1,78 +0,0 @@ ---- -label: How to deposit/withdrawal -order: 97 ---- - -Prerequisites -- You must use a supported wallet, such as Metamask: Connecting your wallet to Leech Protocol. -- You must have the vault's underlying token(s) in your wallet. -- You need to choose an appropriate Network for deposit/withdrawal. - - -### Deposit - -1. Go to the [Pools](https://app.leechprotocol.com/pools){target ="_blank"} page: - -[![](~/static/intro05.png)](~/static/intro05.png) - -2. Select the desired vault you want to deposit to and click the Deposit button: - -[![](~/static/intro06.png)](~/static/intro06.png) - -3. In the modal window select the preferred token you want to deposit with: - -[![*Please make sure you want to proceed with the deposit in the desired chain. Otherwise this transaction will be a cross-chain and requires additional commissions. -To switch to another chain you can click on the Switch to Optimism button in the modal window. -Make sure you have sufficient balance in the chain you want to make a deposit from.](~/static/intro07.png)](~/static/intro07.png) - - -4. Once done, enter the desired Amount for the deposit in the Amount field: - -[![*All the commissions for this transaction can be reviewed at the bottom table in the modal window](~/static/intro08.png)](~/static/intro08.png) - -[![](~/static/intro09.png)](~/static/intro09.png) - -5. If this is your first time on the platform, you may have to approve the sum you want to deposit first. To do so, click the Approve button and approve the spending cap in Metamask window. - -[![](~/static/intro10.png)](~/static/intro10.png) - -6. After the approval you can make a deposit, click the Deposit button: - -[![](~/static/intro11.png)](~/static/intro11.png) - -7. Once done, you will see the Deposit in progress message: - -[![](~/static/intro12.png)](~/static/intro12.png) - -8. As soon as the transaction is completed, your deposit information will be shown on the Deposits page: - -[![Please note, that cross-chain deposits may take time to be processed up to a few hours.](~/static/intro13.png)](~/static/intro13.png) - -Done! Now all the vaults you have deposited to are shown on the pools page: - -[![](~/static/intro14.png)](~/static/intro14.png) - -### Withdrawal - -1. To withdraw your deposit you should navigate to the Pools page and select the desired vault to withdraw from. -2. Click on the withdraw button: - -[![](~/static/intro15.png)](~/static/intro15.png) - -3. In the modal window select the preferred token for withdraw and desired sum for withdraw. You can withdraw all the deposit sum or a part of it: - -[![](~/static/intro16.png)](~/static/intro16.png) -[![](~/static/intro17.png)](~/static/intro17.png) - -4. Confirm the withdrawal operation in Metamask: - -[![](~/static/intro18.png)](~/static/intro18.png) - -5. Once done, you will see the Withdraw in progress message: - -[![](~/static/intro19.png)](~/static/intro19.png) - -6. As soon as the transaction is completed, your withdrawal information will be shown on the Withdrawals page: - -[![Please note, that cross-chain withdrawals may take time to be processed up to a few hours. -](~/static/intro20.png)](~/static/intro20.png) diff --git a/dapp_guide/index.yml b/dapp_guide/index.yml deleted file mode 100644 index f72b5a0..0000000 --- a/dapp_guide/index.yml +++ /dev/null @@ -1,2 +0,0 @@ -order: 100 -icon: log \ No newline at end of file diff --git a/lightpaper.md b/lightpaper.md deleted file mode 100644 index 754fe36..0000000 --- a/lightpaper.md +++ /dev/null @@ -1,92 +0,0 @@ ---- -label: Light paper -icon: book -order: 30 ---- - -#### The crypto world is actively developing. - -More and more people are showing an interest in decentralized finance - just look at the number of new startups, ecosystems and conferences. -Countries are even beginning to implement cryptocurrencies as legal tender. - -[![Figure 1. Google search results for DeFi around the world over the past two years. Source: Google Trends as of 04.05.2022](static/lp01.svg "DeFi in Google Trends")](static/lp01.svg) - -This new technology is unknown, engaging, and promising, but the most important reason for its rise in popularity is people looking for alternative ways to earn money (preferably remotely, with minimum effort), and store value. - -Using DeFi is currently very complicated for inexperienced users due to the lack of a refined User Experience. Users need to understand how multiple blockchains work, which tokens are on which chains, where and how their yields are generated, etc. -As time goes on, this issue is being remedied. Bridges have become popular for moving assets across different chains, and in the future, users won’t know or care what blockchain they are using. It's time for cross-chain: a technology that the crypto market has been missing, until now. -Leech Protocol is one of the first automatic DeFi cross-chain yield aggregators to earn optimal profits on different blockchains. - -### The Problem - -Users who utilize yield farming services look for dapps on different blockchains that provide the highest returns. -As a rule, such users have a complex farming system built: they look for pools on other blockchains, build the most optimal strategies -algorithmically, constantly monitor the state of the crypto market, and transfer their liquidity when they discover a better location. - -Inexperienced users are generally afraid of the words such as blockchain, DeFi, and token. -These users need a simple and affordable solution that will introduce them to decentralized finance. - -Farming was originally conceived as a passive income, however, with the advent of a large number of blockchains, platforms and various strategies, all this has become routine work. User is actively involved in tracking trends on different blockchains, determines the strategies, and calculates the risks. All this takes time - the most valuable resource in the world. We want to make DeFi easy again. - -### Value Proposition - -Leech Protocol allows users to easily farm on multiple chains. They deposit their liquidity into Leech Protocol, which then performs operations that the user would normally do manually. Leech has incorporated protocols like Curve, PancakeSwap, Uniswap, etc. with specific liquidity pairs that are monitored. - -If a user deposits, for example, some USDT into Leech Protocol, he deposits it in one place, and doesn’t need to worry about anything else. He doesn’t have to choose which blockchains to farm on or look for good yield, our protocol does it all for him. By aggregating multiple blockchains, it finds the best place to put his liquidity to generate optimal profitability. If the yield falls by X%, his liquidity is moved to another location that is more suitable. This is just one example of Leech’s functionality, and more complex strategies with various risk levels and returns will be added in the future. - -A natural question arises - how is our product different from existing aggregators? - -Today, cross-chain farming is a poorly developed area. Few entrepreneurs are looking in this direction and we aim to be the premiere service in this market. - -Currently, existing aggregators still have a number of limitations: - -1. The User must provide liquidity on the desired blockchain, and this is a big issue, as he then has to know which blockchain is best for his desires, and how to navigate many different chains. -2. There are offers from 50+ pools, and a User chooses which one to use. - -No system will choose the most favorable conditions for the User. Now, the user needs to log in every day, check the status of his liquidity, and calculate his returns manually. The APY shown is often different from the actual returns that the User receives. Users can spend 3-5 days reviewing their strategy. Ultimately, it becomes daily routine work. - -Leech Protocol allows our users to permanently participate in the process of creating optimal profitability. How does it work? - -[![**Figure 2** shows how the protocol works. It is important to understand that the essence of the entire protocol is not to “transfer” liquidity from blockchain to blockchain but to create strategies for these transfers and constantly improve them.](static/lp02.svg "How does it work?")](static/lp02.svg) - -Below are more details on the strategies themselves. -What ensures profitability? -A feature of our product is automatic complex multi-part strategies that our team develops and updates. Strategies are built based on exploring the capabilities of each blockchain and creating a plan for safe earnings. - -Furthermore, Leech Protocol is automatically engaged in choosing the best strategy for each User. -[![Strategy example](static/lp03.svg "Strategy example")](static/lp03.svg) - -Buy Cake Tokens and go short with double leverage for 33% of the total and deposit the remaining 67% in an auto compounding farm on Pancake Swap with about 80% APR. -We get less income due to the 2x short (≈50% instead of 80%). But it's still better because it's safer. Instead of Cake, we could use any high volatility coin that can be hedged. - -### Lending and farming - -Another feature of Leech Protocol is a hybrid of lending and farming, which allows the User to get good returns with highly liquid assets. -For example, the User deposits 1 Bitcoin into our platform, which serves as collateral, while the lent coins are also used in different protocols for farming. This allows the user to receive not just their classic return of 3-5% on their Bitcoin, but about 15-30% more. - -**Partial liquidation** - -Partial liquidations don't happen frequently. -In the classic lending protocol, when the liquidation threshold is reached, the User’s assets could all be sold at an unfavorable rate with possible penalties. -However, Leech Protocol allows the user to sell part of the assets necessary to cover the drawdown of the exchange rate difference, while the rest of the assets remain with the User. This enables our User to end up in a better condition. - -### Security -We did a complete analysis of DeFi protocol hacks. We have classified all known hacks and worked out possible methods of protection against them. -Security audits are a constant mechanism of Leech protocol. We will provide audits with the implementation of each feature that affects the work of smart contracts. -Notification protocols have been developed to prevent transactions with suspicious activity. -We plan to involve white hackers to test the security system of our product, as well as the use of Bug Bounties. -Creation of the protocol’s own asset insurance fund and involvement of external insurance organizations is planned. - -### Market -[![**Figure 3** Source: defillama.com as of 04.05.2022](static/lp04.svg "Market")](static/lp04.svg) -Currently, the decentralized finance sector represents only a tiny percentage of its maximum potential, and significant growth is inevitable. -During its existence of a little more than three years, DeFi has shown multiple capitalization increases from year to year. - -### Roadmap - -[![ ](static/lp05.svg "Stage 1")](static/lp05.svg) -[![ ](static/lp06.svg "Stage 2")](static/lp06.svg) -[![ ](static/lp07.svg "Stage 3")](static/lp07.svg) -[![ ](static/lp08.svg "Stage 4")](static/lp08.svg) -[![ ](static/lp09.svg "Stage 5")](static/lp09.svg) -[![ ](static/lp10.svg "Stage 6")](static/lp10.svg)