Aug 10, 2023
No image
Service categories
Service Lines
Blockchain
Domain focus
Banking & Financial Services
Programming language
Rust
TypeScript
Frameworks
Node.js
React.js
Subcategories
Blockchain
Smart Contract
Challenge
1. Build the first-ever leveraged yield farming platform on the NEAR blockchain with an intelligible and plain interface. Create the reference model for similar future solutions on NEAR.
2. Solve complex tasks brought by leveraged yield farming peculiarities to smart contract development’s technical and financial aspects. Prepare complex and precise mathematical formulas for appropriate liquidation thresholds and reward distribution calculations.
3. Provide the development of the product from scratch involving marketing support and community growth.
1. Build the first-ever leveraged yield farming platform on the NEAR blockchain with an intelligible and plain interface. Create the reference model for similar future solutions on NEAR.
2. Solve complex tasks brought by leveraged yield farming peculiarities to smart contract development’s technical and financial aspects. Prepare complex and precise mathematical formulas for appropriate liquidation thresholds and reward distribution calculations.
3. Provide the development of the product from scratch involving marketing support and community growth.
Solution
• Scope of our work:
Leveraged yield farming and its peculiarities research;
Smart contract architecture;
Interface development;
Tokenimocs creation;
Testnet deployment and audit;
Marketing support;
Mainnet release & further support.
• Main tech stack:
Smart contract: RUST;
Backend: Nodejs, TypeScript;
Frontend: React, TypeScript, Gatsby;
Third-party: AWS Kubernetes, Prometheus, Terraform, Grafana.
• Scope of our work:
Leveraged yield farming and its peculiarities research;
Smart contract architecture;
Interface development;
Tokenimocs creation;
Testnet deployment and audit;
Marketing support;
Mainnet release & further support.
• Main tech stack:
Smart contract: RUST;
Backend: Nodejs, TypeScript;
Frontend: React, TypeScript, Gatsby;
Third-party: AWS Kubernetes, Prometheus, Terraform, Grafana.
Results
• 0-bug reliable user interface;
• $6M TVL despite the bear market;
• ~12K Community members;
• 300+ Opened farming positions.
PembRock Finance is the first leveraged yield farming project built on NEAR, integrated with Ref Finance DEX and other dApps in the blockchain’s ecosystem. With a focus on automation and user-friendliness, the platform aims to bring in new users with stable lending returns and the ability to obtain undercollateralized loans for yield farming with up to 3x leverage.
• 0-bug reliable user interface;
• $6M TVL despite the bear market;
• ~12K Community members;
• 300+ Opened farming positions.
PembRock Finance is the first leveraged yield farming project built on NEAR, integrated with Ref Finance DEX and other dApps in the blockchain’s ecosystem. With a focus on automation and user-friendliness, the platform aims to bring in new users with stable lending returns and the ability to obtain undercollateralized loans for yield farming with up to 3x leverage.